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    11941 Penzance Blvd Fort Myers, FL 33912

    For Sale
    Contact for pricing

    9.51 Acres, Prime Location, RPD Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 9.51-acre parcel presents a remarkable development opportunity in Fort Myers, Florida. Located at the southeast corner of Penzance Boulevard and Blasingim Road, this cleared and fenced property boasts RPD (Residential Planned Development) zoning, permitting up to 90 townhome units. The Central Urban future land use designation allows for a density of up to 10 residential units per acre. The site benefits from convenient access to major roadways, including proximity to Daniels Parkway (2.5 miles), US-41 (4.4 miles), I-75 (5.2 miles), and Southwest Florida International Airport (RSW) (10 miles). Nearby amenities include the Six Mile Cypress Slough Preserve Park, a new Whole Foods grocery store (1.4 miles), the Minnesota Twins and Boston Red Sox spring training facilities, Bell Tower Shops, and Lee Memorial Gulf Coast Hospital (undergoing a $306 million expansion). The strong demand for housing in this area, coupled with limited development opportunities, makes this a highly attractive investment for builders and developers seeking to capitalize on the thriving Fort Myers real estate market. The property's APN is 08-45-25-00-00003.0050. Additional nearby points of interest include Gulf Coast Medical Center (3.4 miles) and Page Field Airport (4.2 miles). This property is offered as an investment opportunity.

    Property Features for 11941 Penzance Blvd

    General Information

    Property type
    Land
    Lot Size
    414,256 SF

    HighLights

    • 2.5 miles to Daniels Parkway
    • 3.4 miles to Gulf Coast Medical Center
    • 4.2 miles to Page Field Airport
    • 4.4 miles to US‑41
    • 5.2 miles to I‑75
    • 6.9 miles to Downtown Fort Myers
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Gym & Fitness 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
    -81.83614839358
    Latitude
    26.570525442474

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    FAQs

    What type of property is this?
    Land - 9.51 Acres, Prime Location, RPD Zoning
    Where is this land located?
    The property is located at 11941 Penzance Blvd Fort Myers, FL.
    What are key features of this property?
    This property features: 2.5 miles to Daniels Parkway; 3.4 miles to Gulf Coast Medical Center; 4.2 miles to Page Field Airport
    (239) 489-4066
    Request Owner's contact information
    11941 Penzance Blvd Fort Myers, FL 33912
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    Fort Myers, FL 33912
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    Realmo Value Estimation

    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.

    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.

    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
    11941 Penzance Blvd Fort Myers, FL 33912
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