Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    23930 Alva, FL 33920
    Back to Search
    Property profile & analytics

    23930, Alva, FL 33920

    View on Map
    • Specialty properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 0 23930

    Property type
    Specialty properties

    Description

    This exceptional 9.19-acre property in the coveted Alva, Florida area presents a unique investment opportunity. Located in Lee County, with a 33920 zip code, this expansive lot boasts stunning views and is fully fenced, providing both privacy and security. The land is ideally suited for a variety of uses, including the construction of a custom home, agricultural pursuits, or recreational activities. Imagine creating your own private homestead or establishing a horse boarding facility – the possibilities are endless. The property's tranquil setting offers a peaceful escape while still being conveniently located within the desirable Alva community. This remarkable parcel presents a rare chance to own a significant piece of Southwest Florida. An adjacent 5-acre lot is also available for purchase, providing an exceptional opportunity to expand your holdings or secure a substantial land investment. Don't miss this chance to acquire this prime acreage and realize your vision in this idyllic location. The property is situated at 23930 in Other City - In The State Of Florida, with GPS coordinates 26.7142628 latitude and -81.6254283 longitude. The asking price for this exceptional property is $598,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Alva
    County
    Lee
    State
    Florida
    Longitude
    -81.6254
    Latitude
    26.7143

    Comparable in this City

    • Value Estimation by Request

      2519 Jetridge St

      Specialty properties
      2519 Jetridge St, Alva, FL 33920
      View Details
    • Value Estimation by Request

      Alva

      Specialty properties
      0 Alva, Alva, FL 33920
      View Details
    • Value Estimation by Request

      23960

      Specialty properties
      0 23960, Alva, FL 33920
      View Details
    • Value Estimation by Request

      2304 Irving Ave

      Specialty properties
      2304 Irving Ave, Alva, FL 33920
      View Details
    • Value Estimation by Request
      2,771 SF

      2541 Charleston Park Dr

      DAY CARE, PRE-SCHOOL
      2541 Charleston Park Dr, Alva, FL 33920-4116
      View Details
    • Value Estimation by Request
      22.14 Acres

      18030 Parkinson Rd

      Farms
      18030 Parkinson Rd, Alva, FL 33920
      View Details

    Similar Nearby for Sale

    • New
      $119,999

      Specialty Commercial Property

      For sale in Alva, Florida’s Lee County, offering a straightforward opportunity for specialty-oriented use cases.
      2357 Joel Blvd, Alva, FL 33920
      View Details
    • Contact for pricing

      Church Property on Three Lots

      Church property with residential space, Alva, Florida. Investor opportunity.
      23090 Railroad Ave, Alva, FL 33920
      View Details
    • $125,000
      0.24 Acres

      Waterfront Land in River Oaks

      Direct access to Caloosahatchee River, ideal for boating.
      2211 Safe Harbour Ct, Alva, FL 33920
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      55,056 SF

      Retail Opportunities Near Babcock Ranch

      Outparcels, big box, and junior box retail spaces available for lease.
      12400 Basalt Ln, Alva, FL 33920
      View Details
    • Contact for pricing
      30,200 SF

      Retail Space in Growing Community

      Retail opportunities available in a large master-planned community.
      12401 Basalt Ln, Alva, FL 33920
      View Details
    • Contact for pricing
      145,000 SF

      Retail Space in Growing Community

      Retail opportunity in a rapidly expanding master-planned community.
      Saw Palmetto Pkwy, Alva, FL 33920
      View Details
    • Contact for pricing
      11,200 SF

      Retail Opportunities Near Babcock Ranch

      Outparcels and box opportunities available near a growing community.
      Saw Palmetto Pkwy, Alva, FL 33920
      View Details
    • Contact for pricing
      63,224 SF

      Retail Space in Growing Community

      Outparcels and box opportunities available in Babcock Ranch.
      12403 Citrine St, Alva, FL 33920
      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.
    23930
    Alva, FL 33920
    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
    23930, Alva, FL, 33920
    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!