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    RV Resort Lot in Gated Community Title is generated by Realmo AI

    19681 Summerlin Road Unit 40, Fort Myers, FL 33908

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    For Sale
    $65,000

    Lot #40 at a 55+ gated RV resort offers land ownership and access to multiple on-site recreation amenities.

    Type:Lot & Land
    Added:
    Jun 2, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 6 at 2:24 am

    Property Features for 19681 Summerlin Road Unit 40

    General Information

    Standard status
    Active
    Property subtype
    Lot & Land

    We can help!

    Listing Contact
    Peggy Kruger

    Listing agent Peggy Kruger License #258036684

    Listing office Keller Williams Realty Fort Myers and the Islands

    Listing date Jun 2, 2026

    Source Compass

    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 Keller Williams Realty Fort Myers and the Islands

    HighLights

    • Lot #40 at Palmetto Palms RV Resort in a 55+ gated community where you own the land
    • Community amenities include 2 swimming pools, pickleball, tennis, shuffleboard, volleyball, and horseshoes
    • On‑site facilities include clubhouse, business center, sport court, RV/boat storage, and laundry amenities
    • Community also offers billiards, a Tiki Hut gathering area, barbecue/picnic area, cabana, and trash services
    • Golf carts are welcome within the community
    • Utilities/access note: common‑area laundry and high‑speed internet are available

    Overview

    Welcome to Lot #40 at Palmetto Palms RV Resort, located on Summerlin Road in Fort Myers, offering the ability to own the land within a 55+ gated community. This is a community lot designed for owners looking for a seasonal retreat, full-time residence, investment property, or a future homesite.

    Residents enjoy an on-site clubhouse and a community social area centered around the Tiki Hut. Recreational amenities include two swimming pools, pickleball, tennis, shuffleboard, volleyball, and horseshoes. For water and boating storage, the resort also offers boat storage, and golf carts are welcome to help residents move around the community.

    With its resort-style amenities and gated setting, this lot can fit a variety of owner-occupant and planning needs. It’s positioned for easy access to area shopping, dining, entertainment, and everyday conveniences, and the property is described as being just minutes from the white-sand beaches of Fort Myers Beach and the Bunche Beach Preserve. If you’re seeking a land-owned lot in an active 55+ RV community, Lot #40 at Palmetto Palms is worth reviewing.
    Location Intelligence

    Current Use by Public Records

    Epic101 Electrical Service Palmetto Palms RV ... Campground & RV Park Christian Film Ministries Church

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.9633513
    Latitude
    26.4914586

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    FAQs

    What type of property is this?
    Mobile home & RV park - Lot #40 at a 55+ gated RV resort offers land ownership and access to multiple on-site recreation amenities.
    Where is this mobile home & rv park located?
    The property is located at 19681 Summerlin Road Unit 40 Fort Myers, FL.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: Lot #40 at Palmetto Palms RV Resort in a 55+ gated community where you own the land; Community amenities include 2 swimming pools, pickleball, tennis, shuffleboard, volleyball, and horseshoes; On‑site facilities include clubhouse, business center, sport court, RV/boat storage, and laundry amenities
    (218) 590-2274
    We can help!
    Listing Contact
    Peggy Kruger
    Real Estate License ID: 258036684
    Learn More
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    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.

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