Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    18251 Owl Crk Dr Alva, FL 33920-3006
    Back to Search
    Property profile & analytics

    18251 Owl Crk Dr, Alva, FL 33920-3006

    View on Map
    • Gas stations
    • 3,880 SF
    • 12.08 lot acres
    Off-Market
    Property ID
    US18-1144263
    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

    • Owl Creek Boat Works and Storage / (Bike/Boat/Book/etc) Store
    • B & L Marine Electronics Inc / Electronics & Wireless Store / Computer & Electronic Repair

    Property Details for 18251 Owl Crk Dr

    Year built
    1952
    Construction
    FRAME
    Lot size
    12.08 lot acres
    Zone code
    IM AG-2 AG-2 IM IM
    Property type
    Gas stations
    APN
    18-43-26-00-00002.0010
    APU
    18432600000020010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 4, 2009 — Owl Creek Works & Storage INC North River Communities LLC Quit Claim Deed · related —
    Nov 3, 2009 $1,906,300 Creek Boat Works Owl Resource Conservation Props In Quit Claim Deed · related —
    Nov 7, 2007 — Resource Conservation Props In Cook,david L Grant Deed · related —
    Jan 10, 2001 $3,700,000 David L Cook Trustee Owl Creek Boat Works & Storage Grant Deed $3.5M · Owl Creek Boat Works & Storage
    — — Creek Boat Works Owl — Deed Of Trust · related $236k · Baker Thomas R II (te)

    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
    -81.7502
    Latitude
    26.7292
    CBSA code
    15980
    CBSA name
    CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,931
    $248,169
    $437,124
    $685,293
    -
    $248,169
    $437,124
    $685,293

    Comparable in this City

    • Value Estimation by Request
      5,000 SF

      2181 Dixie Ln

      SERVICE STATION (FULL SERVICE)
      2181 Dixie Ln, Alva, FL 33920-3610
      View Details
    • Value Estimation by Request
      5,576 SF

      21510 Palm Bch Blvd

      SERVICE STATION (FULL SERVICE)
      21510 Palm Bch Blvd, Alva, FL 33920-4064
      View Details
    • Value Estimation by Request
      6,600 SF

      3775 Riv Golf Cir

      SERVICE STATION (FULL SERVICE)
      3775 Riv Golf Cir, Alva, FL 33920
      View Details
    • Value Estimation by Request
      1,960 SF

      3350 Riv Hall Pkwy

      RESTAURANT
      3350 Riv Hall Pkwy, Alva, FL 33920
      View Details
    • Value Estimation by Request
      1,908 SF

      21220 Palm Bch Blvd

      RESTAURANT
      21220 Palm Bch Blvd, Alva, FL 33920
      View Details
    • Value Estimation
      $715,000
      3,800 SF

      21450 Palm Bch Blvd

      RETAIL STORES (PERSONAL SERVICES)
      21450 Palm Bch Blvd, Alva, FL 33920-4064
      View Details

    Similar Nearby for Sale

    • $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
    • $1,200,000
      1.50 Acres

      Alva Riverfront Land with Cottage

      Rare riverfront land with concrete boat ramp and cottage.
      17520 Taylor Rd, Alva, FL 33920
      View Details
    • $250,000
      Pending

      Commercial Land on Joel Boulevard

      1.15 acres of commercial land in high-traffic Lehigh/Alva location.
      2325 Joel Blvd, Alva, FL 33920
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      55,056 SF

      Retail Opportunities Near Babcock Ranch

      Outparcels, big box, and junior box retail spaces available for lease.
      12400 Basalt Ln, Alva, FL 33920
      View Details
    • Contact for pricing
      30,200 SF

      Retail Space in Growing Community

      Retail opportunities available in a large master-planned community.
      12401 Basalt Ln, Alva, FL 33920
      View Details
    • Contact for pricing
      145,000 SF

      Retail Space in Growing Community

      Retail opportunity in a rapidly expanding master-planned community.
      Saw Palmetto Pkwy, Alva, FL 33920
      View Details
    • Contact for pricing
      11,200 SF

      Retail Opportunities Near Babcock Ranch

      Outparcels and box opportunities available near a growing community.
      Saw Palmetto Pkwy, Alva, FL 33920
      View Details
    • Contact for pricing
      63,224 SF

      Retail Space in Growing Community

      Outparcels and box opportunities available in Babcock Ranch.
      12403 Citrine 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.
    18251 Owl Crk Dr
    Alva, FL 33920-3006
    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

    Thank You for Inquiry
    18251 Owl Crk Dr, Alva, FL, 33920
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!