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    18030 Parkinson Rd Alva, FL 33920
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    18030 Parkinson Rd Alva, FL 33920

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    • Agricultural land / Farmland
    For Sale
    $895,000
    View Listing →
    22.14 Acres Fenced Land For Sale
    $895,000

    22.14 Acres Fenced Land

    22.14± acres of fenced land ideal for various uses.

    18030 Parkinson Rd, Alva, FL 33920
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    Property ID
    US18-3744149
    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

    • Agricultural land / Farmland

    Property Details for 18030 Parkinson Rd

    Property type
    Agricultural land / Farmland
    Property subtype
    Farms

    Description

    22.14± acres, fenced and rectangular in shape, located on a paved, two lane road that dead ends for limited neighborhood traffic. The property has three ponds and mostly pasture. Ideal property for country estate, ranchette, hobby farming, equestrienne center or agribusiness, nursery, sod and organic farming. Well & septic with phone, electric and internet available. The property is located with quick access to SR 80 for convenient shopping, schools, banks, and churches. 3 bed/1 bath Handyman Special included.

    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
    -81.6144759
    Latitude
    26.7279854

    Comparable in this City

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      Alva Equestrian Facility on 20+ Acres

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      21571 N River Rd, Alva, FL 33920
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    • $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
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    • $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
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    • $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
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    • $1,332,000
      111.55 Acres

      111+ Acres of Farmland

      111.55 acres of leveled farmland in Alva, Florida.
      N River Rd, Alva, FL 33920
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    • $450,000
      Pending

      Alva, Florida 10-Acre Land

      10 acres of high and dry land in Alva, Florida.
      23830 Palm Beach Blvd, Alva, FL 33920
      View Details

    Similar Nearby for Sale

    • $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
    • $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
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    • $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
    • $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
    • $1,332,000
      111.55 Acres

      111+ Acres of Farmland

      111.55 acres of leveled farmland in Alva, Florida.
      N River Rd, Alva, FL 33920
      View Details
    • $450,000
      Pending

      Alva, Florida 10-Acre Land

      10 acres of high and dry land in Alva, Florida.
      23830 Palm Beach Blvd, Alva, FL 33920
      View Details
    View Listing
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    Alva, FL 33920
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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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