Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Beachfront Land Opportunity Title is generated by Realmo AI

    650 Estero Blvd, Fort Myers Beach, FL

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    0.88 acres of pristine beachfront land on Fort Myers Beach.

    Type:LAND
    Lot size:
    0.88 Acres
    Added:
    Feb 27, 2025
    Days on Market:
    462
    Last Refresh:
    May 20 at 9:31 pm

    Property Features for 650 Estero Blvd

    General Information

    Standard status
    Active
    Lot size
    0.88 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Chase Mayhugh, SIOR, CCIM
    Chase Mayhugh, SIOR, CCIM

    Listing agent Chase Mayhugh, SIOR, CCIM License #BK3053987

    Listing office Mayhugh Commercial Advisors

    Listing date Feb 27, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Mayhugh Commercial Advisors

    HighLights

    • .88 acres of pristine beachfront property on Fort Myers Beach
    • One of the last remaining undeveloped oceanfront tracts north of San Carlos Blvd
    • Breathtaking panoramic views of the Gulf of Mexico
    • Direct access to powdery white sand beach
    • Offers endless possibilities for development (luxury estate, beachfront retreat)
    • Rare opportunity to own desirable waterfront real estate

    Overview

    This property offers 0.88 acres of beachfront land on Fort Myers Beach. It is one of the last remaining undeveloped oceanfront tracts north of San Carlos Blvd. The property offers panoramic views of the Gulf of Mexico and white sand. It presents possibilities for development, such as a private estate or beachfront retreat.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Real Estate Agency Spa & Massage Center Restaurant Nail Salon Building Supply Gym & Fitness Center Accounting Firm Skin Care Clinic Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers Beach
    County
    Lee
    State
    Florida
    Longitude
    -81.9609
    Latitude
    26.4562

    Nearby Similar for Sale

    • $5,799,000

      Freestanding Commercial Property on San Carlos

      3. 5-acre commercial property with versatile retail/restaurant space.
      17650 San Carlos Boulevard, Fort Myers Beach, FL 33931
      View Details
    • $999,949

      Waterfront Commercial Land Opportunity

      Prime commercial land with canal frontage and redevelopment potential.
      17721 San Carlos Blvd lot: 5, FORT MYERS BEACH, FL 33931
      View Details
    • $965,000

      Prime Gulfside Corner Parcel

      Cleared lot near the beach, ready for new construction.
      2370 Estero Boulevard, Fort Myers Beach, FL 33931
      View Details
    • $684,000

      Commercial Condo in Downtown Hub

      Spacious ground floor unit in vibrant Fort Myers Beach.
      450 Old San Carlos Boulevard, Fort Myers Beach, FL 33931
      View Details
    • $949,000

      Oversized Lot Near Times Square

      0.2097-acre lot near Times Square in Fort Myers Beach.
      180 Donora Blvd lot: 13, FORT MYERS BEACH, FL 33931
      View Details
    • $2,990,000
      6,101 SF

      Bayfront Duplex on Fort Myers Beach

      Bayfront duplex with boating access and short walk to beach.
      21500 - 21504 Indian Bayou Drive, Fort Myers Beach, FL 33931
      View Details
    • $1,095,000

      Prime Mixed-Use Redevelopment Opportunity

      Cleared lot for mixed-use development near Fort Myers Beach.
      2915 ESTERO BOULEVARD, FORT MYERS BEACH, FL 33931
      View Details
    • $3,900,000

      Mixed-Use Redevelopment Opportunity, Fort Myers

      Mixed-use redevelopment opportunity in the heart of Fort Myers Beach.
      440 Old San Carlos Boulevard, Fort Myers Beach, FL 33931
      View Details
    • $199,000

      Deep-Water Boat Slip with Lift

      55' boat slip with 30,000 lb lift included.
      B24 4187 Bay Beach Lane, Fort Myers Beach, FL 33931
      View Details
    • $2,700,000
      4,400 SF

      Waterfront Duplex Paradise on Estero Bay

      Waterfront duplex with custom upgrades, resort-style pool, and bayfront dock.
      21510/21512 Indian Bayou Drive, Fort Myers Beach, FL 33931
      View Details
    • $1,200,000
      1,367 SF

      Fort Myers Beach Duplex Opportunity

      Income-generating duplex near beach, restaurants, and attractions.
      412 Harbor Court, Fort Myers Beach, FL 33931
      View Details
    • $1,759,000

      Prime Gulf Side Commercial Lot

      Oversized commercial lot near beach with redevelopment potential.
      81 Mango Street, Fort Myers Beach, FL 33931
      View Details

    FAQs

    What type of property is this?
    Land - 0.88 acres of pristine beachfront land on Fort Myers Beach.
    Where is this land located?
    The property is located at 650 Estero Blvd Fort Myers Beach, FL.
    What are key features of this property?
    This property features: .88 acres of pristine beachfront property on Fort Myers Beach; One of the last remaining undeveloped oceanfront tracts north of San Carlos Blvd; **Breathtaking panoramic views of the Gulf of Mexico**
    (239) 898-9685 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chase Mayhugh, SIOR, CCIM
    Chase Mayhugh, SIOR, CCIM
    Real Estate License ID: BK3053987
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    650 Estero Blvd, Fort Myers Beach, FL
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!