16080 Pine Ridge Rd, Fort Myers, FL 33908
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.
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Cowart Construction Construction Company General Contractor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.