Reinforced Concrete Barn on
For Sale
$1,279,000
6690 Pineland Road, Bokeelia, FL 33922
LAND - Bokeelia, FL
Property Size6,000 SF
Lot Size3.96 Acres
Price / SF$213.17
Days on Market92
Property Features for 6690 Pineland Road
General Information
Property type
Land
Property subtype
Other
Zoning description
AG-2
Subdivision
PINELAND
Lot features
Irregular Lot, Oversized Lot, Acreage
Directions
Turn onto Pineland Rd, property is located on the right
Standard status
Active
APN
08-44-22-01-0000F.0010
Lot size
3.96 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BEG AT NW COR SW 1/4 OF SE 1/4 OF NW 1/4 + POB TH GO S 45 DEG E 838 FT TH S 87
Tax Annual Amount
1533
Legal Description
BEG AT NW COR SW 1/4 OF SE 1/4 OF NW 1/4 + POB TH GO S 45 DEG E 838 FT TH S 87
Utilities
Water source
Well
Listing Agency:
Century 21 Sunbelt Realty · Century 21 Real Estate
(239) 283-1100
Listed By:
Brady Meier · License #258031337
(239) 425-7667
Added: May 26
Changed: Jun 3
Last Checked: Aug 25 at 5:06AM
MLS# 2026023455
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property includes a reinforced concrete barn measuring 60 feet by 100 feet, topped with a durable metal roof. The barn is situated on an approximately 3.959-acre parcel and the site has been improved with a well plus irrigation installed. Additional work includes vegetation cleanup, loads of fill dirt brought in, and two culverts installed, along with professionally completed landscaping using low-maintenance plants and trees.
Located at 6690 Pineland Road in Bokeelia, Florida, the property is described as being surrounded by mature pine trees and native palmettos, offering a private setting. The public remarks note an option to add road access from the north side from Capri Ln, though that access area is currently overgrown. The area amenities mentioned include the Randell Research Center at the Calusa Indian mound preserve, the Alden Pines Golf Course, Safe Harbor Marina with ferries to the outer islands, and the Tarpon Lodge.
This offering may fit buyers looking for a sturdy, weather-tolerant structure on a larger land parcel for development or custom use, with site utilities and landscaping already addressed. The reinforced concrete construction and completed site improvements can help reduce upfront work when planning future expansion or building plans on the property.
Located at 6690 Pineland Road in Bokeelia, Florida, the property is described as being surrounded by mature pine trees and native palmettos, offering a private setting. The public remarks note an option to add road access from the north side from Capri Ln, though that access area is currently overgrown. The area amenities mentioned include the Randell Research Center at the Calusa Indian mound preserve, the Alden Pines Golf Course, Safe Harbor Marina with ferries to the outer islands, and the Tarpon Lodge.
This offering may fit buyers looking for a sturdy, weather-tolerant structure on a larger land parcel for development or custom use, with site utilities and landscaping already addressed. The reinforced concrete construction and completed site improvements can help reduce upfront work when planning future expansion or building plans on the property.
Key Highlights
- Reinforced concrete barn with metal roof on a 4‑acre landscaped parcel.
- Located in the desirable Pineland neighborhood of Bokeelia, Pine Island.
- Built to withstand severe weather and sits above the flood plain.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$61,176
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,223,520
$1.2M
Cap Rate 7%
$873,943
$873.9K
Cap Rate 9%
$679,733
$679.7K
Market Conditions
NOI Build-Up for 6,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$75.6K $12.60/SF
− Vacancy
−$3.6K −$0.60/SF
EGI
$72.0K $12.00/SF
− OpEx
−$10.8K −$1.80/SF
NOI
$61.2K $10.20/SF
Area
Lee County, FL
Vacancy
4.80%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,223,520
Cap Rate 7%
$873,943
Cap Rate 9%
$679,733
Alternative Uses
Best Use
Warehouse
$873.9K
$764.7K – $1.02M
NOI $61,176 @ 7.0% cap · market cap 4.78%
Second Best
Industrial
$782.5K
$684.7K – $912.9K
NOI $54,772 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,192 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33922, FL
4,326
Population
2,925
Households
1.5
Avg Household Size
59
Median Age
34%
College-Educated
87%
High-School Grad
20.9 sq mi
ZIP Area
207
Density / Sq Mi
$68,579
Median Household Income
$34,503
Median Earnings
$1,110
Median Rent
$330,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Reinforced concrete barn on nearly four acres with metal roofing and planned site improvements on Pineland Road.
Where is this warehouse located?
The property is located at 6690 Pineland Road Bokeelia, FL.
What is the asking price?
The asking price for this property is $1,279,000.
What are key features of this property?
This property features: Reinforced concrete barn with metal roof on a 4‑acre landscaped parcel.; Located in the desirable Pineland neighborhood of Bokeelia, Pine Island.; Built to withstand severe weather and sits above the flood plain.
