Technical
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Property profile

11941 Penzance Blvd Fort Myers, FL 33912

OFF-MARKET
Land
9.51 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Land
Lot 9.51 ac (414,256 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

11941 Penzance Blvd Fort Myers, FL 33912
Fort Myers metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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