Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    15000 River Rd Alva, FL 33920

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    15000 River Rd Alva, FL 33920

    View on Map
    • Commercial real estate
    • 7.00 lot acres
    Off-Market
    Property ID
    US18-6775582
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Calusa Island Ranch / Food Processing Plant

    Property Details for 15000 River Rd

    Lot size
    7.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents 7+/- acres of agricultural land in Alva, Florida, zoned Ag-2. Ideally situated near Babcock Ranch and a major new residential development, this property offers significant upside potential. Currently, a net-net-net (NNN) land lease generates $60,000 annually, with a 3% annual escalation clause. Furthermore, a compelling proposal exists for a cell tower lease, offering a projected first-year income of $18,000, also subject to a 2% annual escalation. The proposed cell tower lease is for 40 years, starting at $1,500 per month with a $500 increase per additional tower tenant. The total potential lease value for the cell tower is approximately $2 million. The buyer has the option to pursue this lucrative cell tower lease opportunity. No commitments have been made regarding the cell tower lease. The property's current lease has a remaining term of 15 years, expiring November 30, 2029. The combined projected net operating income (NOI) is $78,000, resulting in a pro-forma capitalization rate of 8.20%. The asking price is $950,000, translating to approximately $141,000 per acre. This property presents a rare blend of established income and significant future growth potential. The existing NNN lease provides immediate cash flow, while the cell tower lease proposal offers substantial long-term value appreciation. This is a unique opportunity for investors seeking a strong return on investment in a rapidly developing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Alva
    County
    Lee
    State
    Florida
    Longitude
    -81.7123398
    Latitude
    26.7324149

    Comparable in this City

    • $696,000
      58.00 Acres

      58 Acres of Agricultural Land

      58 acres of agricultural land for sale in Alva, Florida.
      N River Rd, Alva, FL 33920
      View Details
    • Contact for pricing

      22.14 Acres Fenced Land

      22.14± acres of fenced land ideal for various uses.
      18030 Parkinson Rd, Alva, FL 33920
      View Details
    • $7,750,000

      Alva Equestrian Facility For Sale

      Professional equestrian facility with three homes on approximately 20 acres.
      21571 N River Rd, Alva, FL 33920
      View Details
    • $7,750,000
      4.74 Acres

      Alva Equestrian Facility on 20+ Acres

      Equestrian facility with homes, barn, arena, paddocks, and storage.
      21571 N River Rd, Alva, FL 33920
      View Details
    • $550,000
      11.00 Acres

      Alva, FL Fenced Land

      11 acre fenced land with ponds, suitable for equestrian estate.
      18030 Parkinson Rd, Alva, FL 33920
      View Details
    • $30,000
      0.28 Acres

      Vacant Rural Lot in Alva

      Undeveloped 0.28-acre lot offering solitude and privacy.
      4219 E 30Th St, Alva, FL 33920
      View Details

    Similar Nearby for Sale

    • $696,000
      58.00 Acres

      58 Acres of Agricultural Land

      58 acres of agricultural land for sale in Alva, Florida.
      N River Rd, Alva, FL 33920
      View Details
    • Contact for pricing

      22.14 Acres Fenced Land

      22.14± acres of fenced land ideal for various uses.
      18030 Parkinson Rd, Alva, FL 33920
      View Details
    • $7,750,000

      Alva Equestrian Facility For Sale

      Professional equestrian facility with three homes on approximately 20 acres.
      21571 N River Rd, Alva, FL 33920
      View Details
    • $7,750,000
      4.74 Acres

      Alva Equestrian Facility on 20+ Acres

      Equestrian facility with homes, barn, arena, paddocks, and storage.
      21571 N River Rd, Alva, FL 33920
      View Details
    • $550,000
      11.00 Acres

      Alva, FL Fenced Land

      11 acre fenced land with ponds, suitable for equestrian estate.
      18030 Parkinson Rd, Alva, FL 33920
      View Details
    • $30,000
      0.28 Acres

      Vacant Rural Lot in Alva

      Undeveloped 0.28-acre lot offering solitude and privacy.
      4219 E 30Th St, Alva, FL 33920
      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.
    15000 River Rd
    Alva, FL 33920
    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!