Add Listing
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    Ewen Dr Arcadia, FL 34269

    • Land
    For Sale
    View listing
    $40,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Ewen Dr

    Property type
    Land

    Description

    This exceptional residential lot, located at Ewen Dr, North Port, Florida 34269, in Sarasota County, presents a unique opportunity to build your dream home in a vibrant community. Priced at $40,000, this property offers a remarkable value, especially considering its prime location. The lot is situated in a desirable area of North Port, providing convenient access to I-75 and US-41, ensuring effortless commutes and travel. Residents will enjoy the benefits of a thriving community with nearby beaches, excellent fishing and boating opportunities, numerous golf courses, diverse dining options, and shopping centers. The Florida lifestyle is readily accessible, offering a blend of outdoor recreation and urban conveniences. This property is particularly attractive due to the absence of HOA fees, eliminating additional monthly expenses. The lot's coordinates are 27.0567546 latitude and -82.058166 longitude. Don't miss this chance to own a piece of paradise and build your dream home in this sought-after location. Act quickly, as this exceptional opportunity is unlikely to last.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Arcadia
    County
    Sarasota
    State
    Florida
    Longitude
    -82.0582
    Latitude
    27.0568

    Comparable in this City

    • Value Estimation by Request
      35.15 Acres

      9881 Lettuce Lake Ave

      Land • 35.15 Acres
      9881 Lettuce Lake Ave, Arcadia, FL 34269
      View Details
    • Value Estimation by Request

      Deer Pl

      Land
      0 Deer Pl, Arcadia, FL 34269
      View Details
    • Value Estimation by Request
      2.40 Acres

      20598 Veterans Blvd

      Land • 2.40 Acres
      20598 Veterans Blvd, North Port, FL 34269
      View Details
    • Value Estimation by Request
      85.41 Acres

      US17 And Cr761

      Land • 85.41 Acres
      US17 And Cr761, North Port, FL 34269
      View Details
    • Value Estimation by Request
      1,167.00 Acres

      4500 Hull Ave

      Farms • 1,167.00 Acres
      4500 Hull Ave, Arcadia, FL 34269
      View Details
    • Value Estimation by Request
      35.19 Acres

      Senate St

      Land • 35.19 Acres
      0 Senate St, Arcadia, FL 34269
      View Details

    Similar Nearby for Sale

    • $40,000

      Prime North Port Residential Lot

      Florida land, build your dream home!
      0 Ewen Dr, Arcadia, FL 34269
      View Details
    • Contact for pricing

      North Port Residential Land - $20K

      Affordable North Port building lot.
      0 Deer Pl, Arcadia, FL 34269
      View Details
    • Contact for pricing
      35.19 Acres

      Prime Arcadia Land - 35 Acres

      DeSoto County acreage, ideal for development.
      0 Senate St, Arcadia, FL 34269
      View Details
    • New
      $175,000
      Pending

      Arcadia, Florida Vacant Land Parcel

      2.5-acre vacant land parcel in a rural setting.
      10838 SW County Road 761, Arcadia, FL 34269
      View Details
    • Contact for pricing
      1,167.00 Acres

      Nocatee Industrial Center Land

      1,167± Acres, Prime Location
      4500 Hull Ave, Arcadia, FL 34269
      View Details
    • $3,500,000

      Land on Kings Hwy Corridor

      Land with road frontage, convenient to multiple cities.
      9301 SW Ft. Winder St, Arcadia, FL 34269
      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.
    Ewen Dr
    Arcadia, FL 34269
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!