Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    20781 Port Drive Estero, FL 33928

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $108,990

    Land available in Estero, Florida.

    Type:Land
    Added:
    Jan 5, 2026
    Days on Market:
    103
    Last Refresh:
    Mar 16 at 9:05 am

    Property Features for 20781 Port Drive

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Heidi Gray

    Listing agent Heidi Gray License #258025632

    Listing office Lee Island Coast Real Estate, Inc

    Listing date Jan 5, 2026

    Source Evrealestate

    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 Lee Island Coast Real Estate, Inc

    Overview

    Land For Sale in Estero

    Located in Estero, Florida, this land property is available for sale. Use GPS for directions. The property is located in Lee County.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Estero
    County
    Lee
    State
    Florida
    Longitude
    -81.8243436
    Latitude
    26.438666

    Nearby Similar for Sale

    • $1,750,000

      Medical Office Space For Sale

      Newly constructed medical office space in a desirable Estero location.
      22904 Lyden Drive, Estero, FL 33928
      View Details
    • Contact for pricing

      Estero Office/Medical Space Available

      Professionally managed office/medical campus with access to fiber network.
      9200 Estero Park Commons Blvd unit: 5, ESTERO, FL 33928
      View Details
    • $950,000

      20 Acres in Estero, FL

      20 acres of land near Corkscrew Rd in Estero.
      20821 Lazy D Farm Road, Estero, FL 33928
      View Details
    • $1,750,000

      Prime Land in Estero, FL

      18.33 acres in Estero's growth corridor, ideal for development.
      20601 Estero Pines Rd lot: 29, ESTERO, FL 33928
      View Details
    • $8,000,000

      Prime Residential Land in Estero

      10 acres of residential land in the heart of Estero.
      Williams Road, Estero, FL 33928
      View Details
    • Contact for pricing

      Design-Forward Office Space in Estero

      Premier full-floor office space available in July 2026.
      9470 Corkscrew Palms Cir unit: 201, ESTERO, FL 33928
      View Details
    • Contact for pricing

      Commercial Space in Estero Center

      Retail, office, and medical spaces available in Estero, FL.
      21740 S Tamiami Trl, ESTERO, FL 33928
      View Details
    • $108,990

      Waterfront Lot in 55+ Community

      Vacant waterfront lot in Estero's 55+ community, ready for building.
      20781 Port Drive, Estero, FL 33928
      View Details
    • $59,500

      Waterfront Lot in Estero, FL

      Vacant lot in 55+ boating community near Estero River.
      20791 Garden Drive, Estero, FL 33928
      View Details
    • $50,000

      Land in 55+ Boating Community

      Cleared land in 55+ community with Gulf access.
      20660 Anchor Dr lot: C30, ESTERO, FL 33928
      View Details
    • Contact for pricing

      Estero Office Suite with Balcony

      Second floor office suite with balcony in Coconut Point Mall.
      23190 Fashion Dr unit: P202, ESTERO, FL 33928
      View Details
    • $3,200,000

      Development Site in Growing Estero

      High-visibility land with development order near major developments.
      10150 Arcos Avenue, Estero, FL 33928
      View Details

    FAQs

    What type of property is this?
    Land - Land available in Estero, Florida.
    Where is this land located?
    The property is located at 20781 Port Drive Estero, FL.
    What is the asking price?
    The asking price for this property is $108,990.
    What are key features of this property?
    This property features: Lee County location; Enjoy the water view; Exterior features enhance the property
    (239) 898-7017
    We can help!
    Listing Contact
    Heidi Gray
    Real Estate License ID: 258025632
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!