Property profile

16080 Pine Ridge Rd Fort Myers, FL 33908

FOR SALE
Land
Property ID
US18-2800318
14.21 ac lot
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For Sale
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16080 Pine Ridge Rd, Fort Myers, FL 33908
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 14.21 ac (618,988 SF)
UPID US18-2800318

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Construction Company General Contractor

Location

16080 Pine Ridge Rd Fort Myers, FL 33908
Fort Myers metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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