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

    16080 Pine Ridge Rd Fort Myers, FL 33908

    • Commercial real estate
    • 14.21 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2800318
    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.

    Current Use by Public Records

    • Cowart Construction / General Contractor

    Property Details for 16080 Pine Ridge Rd

    Lot size
    14.21 lot acres
    Property type
    Commercial real estate
    APN
    06-46-24-01-00009.0010 and 06-46-24-01-00009.0000

    Description

    This exceptional 14.21-acre property, known as Old Bates Farm, presents a unique investment opportunity in the desirable Fort Myers, Florida market. Located at 16080 Pine Ridge Rd, 33908, this land boasts a prime location, approximately 4 miles from Fort Myers Beach, 8.5 miles from Sanibel Island, 12.4 miles from Gulf Coast Town Center, and 15.3 miles from Southwest Florida International Airport (RSW). Currently zoned AG-2, this parcel offers significant potential for residential development. Historically used as a residential homesite, its location within the Summerlin corridor—the main thoroughfare connecting Fort Myers to Sanibel and Fort Myers Beach—provides convenient access to both beaches and urban amenities. The Central Urban Land Use plan allows for a maximum density of 10 dwelling units per acre, potentially yielding up to 142 units. Further development possibilities include commercial and limited light industrial uses. Utilities, including water, sewer, and electricity, are readily available adjacent to the property along Pine Ridge Road. The APN is 06-46-24-01-00009.0010 and 06-46-24-01-00009.0000. This infill property represents a rare chance to capitalize on the Southwest Florida housing shortage, making it ideal for build-to-rent or multifamily projects. The asking price is $6,990,000. This is a truly exceptional opportunity for a discerning investor seeking significant returns in a high-demand location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.9360374
    Latitude
    26.5076509

    Comparable in this City

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      Fort Myers Mixed-Use Land Opportunity

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      RV Lot in 55+ Community

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      Land in 55+ RV condo community with amenities near beaches.
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      Fort Myers Land Homesite

      Homesite in 55+ community near beaches and conveniences.
      13651 Sora Dr, Fort Myers, FL 33908
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    • $3,000,000

      Ft. Myers Commercial Land - 6.8 Acres

      Prime location, multi-use potential, near beaches.
      20161 Summerlin Rd, Fort Myers, FL 33908
      View Details

    Similar Nearby for Sale

    • $6,100,000
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      Fort Myers Mixed-Use Land Opportunity

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      RV Lot in 55+ Community

      RV lot in Palmetto Palms 55+ community, own the land!
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      Land Near Beaches and Amenities

      Land in active 55+ community near beaches and amenities.
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    • $30,000
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      Fort Myers Land Opportunity

      Residential lot in desirable Fort Myers location with low HOA.
      13641 Pintail Dr, Fort Myers, FL 33908
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      Land in 55+ Community

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      Land in Sunshine Mobile Village

      Land with low HOA dues and community amenities.
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    Similar Nearby for Lease

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    • $14 SF/Yr
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      Industrial Unit Available for Sublease

      12,641 SF multi-tenant building with 3,000 SF unit available.
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    • Contact for pricing
      3,720 SF

      Retail Space in Fort Myers

      Retail space available in high-traffic Fort Myers shopping center.
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      Retail Space on South Tamiami

      Retail space for lease on South Tamiami Trail.
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    16080 Pine Ridge Rd
    Fort Myers, FL 33908
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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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