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

    10502 Stringfellow Rd Bokeelia, FL 33922

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime C-1 zoned land, development potential.

    Property Features for 10502 Stringfellow Rd

    General Information

    Property type
    Land
    Lot Size
    37,897 SF

    We can help!

    Listing Contact
    Mike Trivett
    Mike Trivett

    Listing Agency: LSI Companies Listing Agent: Mike Trivett

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 0.87-acre commercial land parcel in Bokeelia, Florida, presents a remarkable redevelopment opportunity. Located at 10502 Stringfellow Rd, Lee County, FL 33922 (APN: 28-44-22-01-0000A.0010), this property boasts a highly desirable C-1 zoning, allowing for a diverse range of commercial uses. The site features approximately 190 linear feet of frontage on Pine Island Road NW, providing excellent visibility and accessibility. Its prime location in the heart of Pine Island places it within walking distance of numerous retail shops and restaurants, ensuring high foot traffic and customer accessibility. This hard corner lot offers significant development potential, further enhanced by the availability of an adjacent 0.64-acre parcel (also C-1 zoned, with a future land use of Urban Community), creating a combined 1.51 acres for a larger-scale project. The assemblage opportunity allows for expansive development options. The property is conveniently located, with proximity to major amenities including Publix (0.5 miles), Winn-Dixie (0.7 miles), Matlacha (3.1 miles), Cape Coral Hospital (12 miles), US-41 (18 miles), I-75 (22.8 miles), and Southwest Florida International Airport (RSW) (32.6 miles). The asking price is $1,500,000. Build-to-suit options are also available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Annie B's Apothecary Department Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bokeelia
    County
    Lee
    State
    Florida
    Longitude
    -82.11773719348
    Latitude
    26.613617592031

    Nearby Similar for Sale

    • $1,600,000
      4,704 SF

      Bokeelia Investment Property For Sale

      Six-unit office/retail building with expansion potential in Bokeelia, Florida.
      5261 Pine Island Rd, Bokeelia, FL 33922
      View Details
    • New
      $339,000
      Pending

      Bokeelia Land with Improved Building

      2.45-acre property with utilities, insulated building, and agricultural zoning.
      13173 Bottlebrush Rd, Bokeelia, FL 33922
      View Details
    • $279,000
      Pending

      Bokeelia Property with Sylvester Palms

      Land in Bokeelia with palms, metal building, and storage.
      15890 Quail Trl, Bokeelia, FL 33922
      View Details
    • $622,000
      6.22 Acres

      Pine Island Coconut Grove Acreage

      6.22 acres on Pine Island designed for wellness-oriented living.
      K6 Lada Ln, Bokeelia, FL 33922
      View Details
    • New
      $299,000
      2.62 Acres

      Pine Island Horse Property

      2.56 acre horse property with stellar improvements near waterfront.
      13300 Morningstar Ln, Bokeelia, FL 33922
      View Details
    • New
      $375,000
      0.23 Acres

      Pine Island Duplex: Income Potential

      Duplex in Bokeelia, FL with income-producing potential near amenities.
      5613/5615 Birdsong Ln, Bokeelia, FL 33922
      View Details
    • New
      $375,000
      0.23 Acres

      Pine Island Duplex Investment Opportunity

      Duplex in desirable Pine Island setting, close to amenities.
      5548/5550 Birdsong Ln, Bokeelia, FL 33922
      View Details
    • $315,000
      0.10 Acres

      Waterfront Property Ready to Build

      Waterfront property with seawall ready for your dream home!
      16281 Porto Bello St, Bokeelia, FL 33922
      View Details
    • $890,400
      12.72 Acres

      Agricultural Land on Stringfellow Road

      12.72 acre agricultural parcel in Bokeelia with seller financing.
      15901 Stringfellow Rd, Bokeelia, FL 33922
      View Details
    • $120,000
      0.07 Acres

      Bokeelia, FL Land in Co-Op

      Land in 55+ Co-Op with water access and amenities.
      16978 Captains Dr, Bokeelia, FL 33922
      View Details
    • $920,000
      7,000 SF

      Retail Outparcel Near Publix

      Retail building for sale or lease near Publix.
      5100 Pine Island Rd NW, Bokeelia, FL 33922
      View Details
    • $1,989,000

      Multi-Office Building on Pine Island

      Fully leased multi-office building at a high-traffic location.
      10530 Stringfellow Rd, Bokeelia, FL 33922
      View Details

    FAQs

    What type of property is this?
    Land - Prime C-1 zoned land, development potential.
    Where is this land located?
    The property is located at 10502 Stringfellow Rd Bokeelia, FL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: High-visibility corner lot at Pine Island Road and Stringfellow Road.; Zoned for diverse commercial uses.; Adjacent property offers assemblage potential.
    (239) 940-3171 Call to check price and availability
    Request Owner's contact information
    10502 Stringfellow Rd Bokeelia, FL 33922
    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.
    10502 Stringfellow Rd
    Bokeelia, FL 33922
    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
    10502 Stringfellow Rd Bokeelia, FL 33922
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mike Trivett
    Mike Trivett
    Real Estate License ID: SL3518487
    (239) 940-3171
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!