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    922 Main St Immokalee, FL 34142

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    922 Main St Immokalee, FL 34142

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    • Retail properties & Spaces
    • 3.80 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 922 Main St

    Lot size
    3.80 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Grocery and convenience stores

    Description

    This exceptional 3.8-acre retail land parcel, located at 922 W Main St in Immokalee, Florida (zip code 34142), presents a compelling investment opportunity. Situated on the main thoroughfare, this property enjoys high visibility and accessibility, capturing traffic from Fort Myers and Naples. The asking price is $2,000,000. Ideal for a bank, grocery store, or quick-service restaurant (QSR), this site benefits from a strong demographic profile. Within a two-mile radius, there are approximately 13,500 residents. Furthermore, its proximity to five local schools with over 5,200 students ensures consistent foot traffic and a captive audience. Immokalee's robust growth trajectory, exceeding Florida's average annual growth rate by double over the past decade, makes this a particularly attractive investment. The property's strategic location also ensures it captures all incoming visitors to the Seminole Casino. This prime location in Collier County, within a thriving agricultural hub, offers significant potential for long-term growth and return on investment. The property is zoned for Bank, Grocery Store, and QSR/Fast Food uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Immokalee
    County
    Collier
    State
    Florida
    Longitude
    -81.4272
    Latitude
    26.4188

    Comparable in this City

    • Value Estimation by Request
      4.00 Acres

      207 15Th St

      Retail properties & Spaces • 4.00 Acres
      207 15Th St, Immokalee, FL 34142
      View Details
    • Value Estimation by Request
      4,700 SF

      106 Dixie Ave

      Retail properties & Spaces • 4,700 SF
      106 Dixie Ave, Immokalee, FL 34142
      View Details
    • Value Estimation by Request
      1,500 SF

      1019 Main St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,500 SF
      1019 Main St, Immokalee, FL 34142-3635
      View Details
    • Value Estimation
      $1,120,000
      2,796 SF

      1101 15th St

      RETAIL STORES (PERSONAL SERVICES) • 2,796 SF
      1101 15th St, Immokalee, FL 34142-2812
      View Details
    • Value Estimation
      $1,480,000
      3,894 SF

      101 7th St

      RETAIL STORES (PERSONAL SERVICES) • 3,894 SF
      101 7th St, Immokalee, FL 34142-3912
      View Details
    • Value Estimation
      $2,010,000
      6,500 SF

      1039 Main St

      RETAIL STORES (PERSONAL SERVICES) • 6,500 SF
      1039 Main St, Immokalee, FL 34142-3635
      View Details

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      Commercial Property in Immokalee, Florida

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    • $1,200,000
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      Distinctive Commercial Property in Immokalee

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    • $2,632,000
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      Wendy's Restaurant Ground Lease

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      830 N 15Th St, Immokalee, FL 34142
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      4,700 SF

      Retail Building on Dixie Avenue

      4,700 SF retail building on 2.09 acres available.
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    • Contact for pricing
      5,984 SF

      Freestanding Commercial Building with Warehouse

      5,984 SF building on 1.35 acres with C-4 zoning.
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    • $11 SF/Yr

      Immokalee Commercial Space For Rent

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      Corner Commercial Land in Immokalee

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      3,750 SF

      Immokalee Office Space Available

      3,750 sq ft office space in Immokalee, Florida.
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    922 Main St
    Immokalee, FL 34142
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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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