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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    11940 Orange River Blvd, Fort Myers, FL 33905

    27.86 ac lot
    Individually Owned 3-yr Hold
    Property ID
    US18-0725855
    Property summary
    AI-generated overview

    This exceptional 27.86-acre property in Lee County, Florida, presents a unique dual-use opportunity. Located at 11940 Orange River Blvd, Fort Myers, FL 33905 (APN: 01-44-25-L3-00005.0000 and 01-44-25-L3-00005.0000A), this land is zoned AG-2, allowing for both agricultural and residential development. The property boasts a recently constructed (2024) pole barn, a one-acre pond, and existing graded roadways. Fencing encloses the entire perimeter and further divides sections internally. Conveniently situated 2.6 miles from I-75 (Exit 141), this location offers easy access to major roadways and amenities. Proximity to The Forum (7.1 miles), Downtown Fort Myers (8 miles), North Fort Myers (9.2 miles), Lee Memorial Hospital (9.7 miles), and Cape Coral (18.8 miles) enhances its appeal. An approved Development Order and Permit for a 17-lot single-family subdivision is already in place, providing a streamlined path to development for a residential project. Alternatively, the property is well-suited for a single-family estate. The asking price is $2,895,000. This presents a compelling investment opportunity in a rapidly growing area.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 27.86 ac (1,213,582 SF)
    APN 01-44-25-L3-00005.0000 and 01-44-25-L3-00005.000A
    UPID US18-0725855
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Niobi Castillo · 3 yrs held
    Niobi Castillo
    since 2022
    1 recorded transaction
    2022
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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