Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    7701 Bayshore Rd North Fort Myers, FL 33917

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7701 Bayshore Rd North Fort Myers, FL 33917

    View on Map
    • Land
    • 4.54 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 7701 Bayshore Rd

    Lot size
    4.54 lot acres
    Property type
    Land

    Description

    This exceptional 4.54-acre commercial land parcel in North Fort Myers, Florida, presents a unique investment opportunity. Located at 7701 Bayshore Rd, with APN 204325L30100B0000, the property is zoned CPD and boasts ACOE and SFWMD ERP permits. Approved for up to 60,000 square feet of commercial development (maximum 30,000 sq ft retail), it's strategically positioned adjacent to the new Del Webb Oak Creek and Seneca at Oak Creek age-restricted communities, benefiting from the significant residential growth in the Bayshore Road Corridor (over 23,000 planned units). The property enjoys excellent visibility and accessibility, situated less than a mile from the I-75 & Bayshore Road interchange and near a Publix-anchored shopping center. Per Lee County zoning ordinance Z-08-11A and amendments, permitted uses include general office, medical office, various retail options (convenience stores, drugstores, grocery stores, restaurants, etc.), drive-thrus, essential services, and more. Its prime location along the main corridor connecting Cape Coral to I-75 and Babcock Ranch, coupled with its proximity to amenities (3 minutes to Publix, 10 minutes to Walmart, 15 minutes to Downtown Fort Myers, 19 minutes to RSW, and 20 minutes to PGA airports), makes this a highly desirable investment. The asking price is $1,977,624.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    North Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8304
    Latitude
    26.7151

    Comparable in this City

    • Value Estimation by Request

      20610 Edgewood Rd

      Land
      20610 Edgewood Rd, North Fort Myers, FL 33917
      View Details
    • Value Estimation by Request
      27.02 Acres

      8340 Bayshore Rd

      Farms • 27.02 Acres
      8340 Bayshore Rd, North Fort Myers, FL 33917
      View Details
    • Value Estimation by Request
      1.40 Acres

      6368 Bayshore Rd

      Land • 1.40 Acres
      6368 Bayshore Rd, North Fort Myers, FL 33917
      View Details
    • Value Estimation by Request
      3.70 Acres

      1350 Lavin Ln

      Land • 3.70 Acres
      1350 Lavin Ln, North Fort Myers, FL 33917
      View Details
    • Value Estimation by Request
      20.34 Acres

      16350 Huffmaster Rd

      Land • 20.34 Acres
      16350 Huffmaster Rd, North Fort Myers, FL 33917
      View Details
    • Value Estimation by Request
      3.90 Acres

      6200 Bayshore Rd

      Land • 3.90 Acres
      6200 Bayshore Rd, North Fort Myers, FL 33917
      View Details

    Similar Nearby for Sale

    • $359,999

      Land For Sale

      Land available in North Fort Myers, Florida.
      22811 Williams Dr, North Fort Myers, FL 33917
      View Details
    • $38,500

      Land For Sale

      Land available in North Fort Myers, Florida.
      293 Byron Ave, North Fort Myers, FL 33917
      View Details
    • $42,400
      Pending

      Land Available in North Fort Myers

      Land for sale in North Fort Myers, Florida.
      18420 Ace Rd, North Fort Myers, FL 33917
      View Details
    • $1,895,000

      120 Acres Development Opportunity

      120 acres of land for sale near I-75.
      37381 Cook Brown Rd, Fort Myers, FL 33917
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,440 SF

      Retail Space in Growing Area

      Retail space in a rapidly growing North Fort Myers submarket.
      6694-6704 Bayshore Rd, North Fort Myers, FL 33917
      View Details
    • $15 SF/Yr

      North Fort Myers Flex Space

      Versatile 2,400 SF flex space with fenced yard.
      7997 Mercantile St, North Fort Myers, FL 33917
      View Details
    • $3,500 /Mo

      Retail Space For Rent

      Retail space available for lease in North Fort Myers.
      29 Cardinal Dr, North Fort Myers, FL 33917
      View Details
    • Contact for pricing

      Retail and Office Center

      Neighborhood retail and office center with high visibility.
      6351 Bayshore Rd, North Fort Myers, FL 33917
      View Details
    • Contact for pricing

      Retail Units at Shoreline Shoppes

      Retail units for lease in North Fort Myers.
      5781 Bayshore Rd, North Fort Myers, FL 33917
      View Details
    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.
    7701 Bayshore Rd
    North Fort Myers, FL 33917
    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

    Thank You for Inquiry
    7701 Bayshore Rd, North Fort Myers, FL, 33917
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!