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    18040 Parkinson Rd Alva, FL 33920

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    18040 Parkinson Rd Alva, FL 33920

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    • Land
    • 13.23 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 18040 Parkinson Rd

    Lot size
    13.23 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 13.23-acre agricultural property in Alva, Florida, presents a unique investment opportunity. Located in Lee County, on paved Parkinson Road (a two-lane road with limited traffic), this AG-2 zoned land offers a tranquil setting with a private lake and mostly pasture land. The property is fully fenced, providing security and containment. Its ideal location offers convenient access to State Road 80, ensuring proximity to essential amenities such as shopping centers, schools, banking institutions, and places of worship. The land's characteristics make it particularly well-suited for various agricultural ventures, including a landscape nursery or sod farm. While this listing focuses on the 13.23-acre parcel priced at $550,000, it's important to note that an adjacent larger parcel of approximately 22.14 acres, including a three-bedroom, one-bathroom cottage and an additional lake, is also available for $990,000. The zip code is 33920. This property offers a blend of rural serenity and convenient access to urban conveniences, making it an attractive proposition for agricultural entrepreneurs and investors alike. The property's location coordinates are 26.72876894426886 latitude and -81.61545193714903 longitude.

    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
    -81.6155
    Latitude
    26.7288

    Comparable in this City

    • Value Estimation by Request
      22.14 Acres

      18030 Parkinson Rd

      Farms • 22.14 Acres
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      22.09 Acres

      2868-2870 Joel Blvd

      Farms • 22.09 Acres
      2868-2870 Joel Blvd, Alva, FL 33920
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    • Value Estimation by Request
      85.60 Acres

      Access Undetermined

      Farms • 85.60 Acres
      0 Access Undetermined, Alva, FL 33920
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    • Value Estimation by Request
      7.00 Acres

      15000 River Rd

      Farms • 7.00 Acres
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      1.39 Acres

      18770 Palm Beach Blvd

      Farms • 1.39 Acres
      18770 Palm Beach Blvd, Alva, FL 33920
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    • Value Estimation by Request
      5.80 Acres

      Palm Bch Blvd And Goggin Rd

      Farms • 5.80 Acres
      0 Palm Bch Blvd And Goggin Rd, Alva, FL 33920
      View Details

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    • Contact for pricing

      22.14 Acres Fenced Land

      22.14± acres of fenced land ideal for various uses.
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    18040 Parkinson Rd
    Alva, FL 33920
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    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
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