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

    10191 Stringfellow Road St James City, FL 33956

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Office/retail building in the heart of Pine Island, Florida.

    Type:Special Purpose, Land
    Property size:
    4,947 SF
    Added:
    Apr 27, 2024
    Days on Market:
    726
    Last Refresh:
    Mar 17 at 1:24 pm

    Property Features for 10191 Stringfellow Road

    General Information

    Standard status
    Active
    Size
    4,947 SF
    Property subtype
    Special Purpose, Land

    We can help!

    Listing Contact
    Michael Shevlin

    Listing agent Michael Shevlin License #FL

    Listing office CENTURY 21 SUNBELT REALTY

    Listing date Apr 27, 2024

    Source Crexi

    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 CENTURY 21 SUNBELT REALTY

    Overview

    Island Office/Retail Building For Sale

    Located in the heart of Pine Island, Florida, this office/retail building offers a total of 4,947 square feet. Constructed in 2006 with CBS materials, the property features city water and sewer services, along with ample parking. The building is currently configured into three rental units. Pine Island is known for its fishing industry, tropical fruit and palm groves, and its Old Florida Island lifestyle. Thousands of acres are preserved in their natural state. The property is situated near Cape Coral and Fort Myers, in the central commercial area. Possible owner financing is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Island Design Kitchens ... General Contractor FedEx Drop Box Postal Service Jarvis & Associates PA Law Firm Edward Jones - Financial ... Financial Advisor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Big Box & Wholesale Store Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    St James City
    County
    Lee
    State
    Florida
    Longitude
    -82.116669
    Latitude
    26.6082946

    Nearby Similar for Sale

    • $1,699,000

      Waterfront Multifamily Investment Opportunity

      Stunning 8-unit apartment building with waterfront access and flexible leasing.
      3226 Stringfellow Road, St James City, FL 33956
      View Details
    • $227,500

      One Acre Tropical Fruit Grove

      One-acre tropical fruit grove with mango trees in St James City.
      8390 Stringfellow Road, St James City, FL 33956
      View Details
    • $649,000

      Waterfront Duplex in St James

      Remodeled waterfront duplex with Gulf access, new roof.
      3201/3203 Stabile Road, St James City, FL 33956
      View Details
    • $419,000

      Waterfront Property Ready for Remodel

      Remodel-ready waterfront property with approved permits and boat lifts.
      2560 Baybreeze Street, St James City, FL 33956
      View Details
    • $3,000,000

      51+ Acres with Warehouse/Office

      Upland and mangrove acreage with buildings in St James City.
      9703 Stringfellow Road, St James City, FL 33956
      View Details
    • $48,900

      Established Salon in Winn Dixie Center

      Well-established salon in a convenient location with new equipment.
      9848 Stringfellow Road, St James City, FL 33956
      View Details
    • $240,000

      Waterfront Land with Boat Lift

      Waterfront property featuring a covered boat lift and multiple docks.
      3892 Blueberry Lane, St James City, FL 33956
      View Details
    • $48,900

      Established Beauty Salon For Sale

      Turnkey beauty salon in Winn Dixie Shopping Center.
      9848 Stringfellow Road, St James City, FL 33956
      View Details

    FAQs

    What type of property is this?
    Office building - Office/retail building in the heart of Pine Island, Florida.
    Where is this office building located?
    The property is located at 10191 Stringfellow Road St James City, FL.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: Possible owner financing available.; Located in the heart of Pine Island's commercial area.; **4,947 sq ft building with 3 rental units.**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michael Shevlin
    Real Estate License ID: FL
    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!