Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    21321 Palm Bch Blvd Alva, FL 33920-4049

    • Grocery and convenience stores
    • 3,259 SF
    • 1.56 lot acres
    OFF-MARKET
    Value Estimations
    $695,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3773680
    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

    • Handy Neighhorhood Store / Grocery & Convenience Store
    • Citgo / Gas Station
    • ATM / Atm

    Property Details for 21321 Palm Bch Blvd

    Year built
    1985
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.56 lot acres
    Property size
    3,259 SF
    Zone code
    CN-1
    Property type
    Grocery and convenience stores
    APN
    27-43-27-00-00011.0020
    APU
    27432700000110020

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $860,000
      6.5%
      $795,000
      7%
      $740,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,115,000
      Current use
      RETAIL STORES
      $1,025,000
      Change: -8% Conversion: Easy
      OFFICE BUILDING
      $945,000
      Change: -15% Conversion: Moderate
      MEDICAL BUILDING
      $930,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Alva
    County
    Lee
    State
    Florida
    Longitude
    -81.6096
    Latitude
    26.7094
    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
    $10,001
    $564,872
    $171,927
    $736,799
    -
    $564,872
    $171,927
    $736,799

    Comparable in this City

    • Value Estimation by Request
      2,112 SF

      18500 Palm Bch Blvd

      CONVENIENCE STORE • 2,112 SF
      18500 Palm Bch Blvd, Alva, FL 33920-3629
      View Details
    • Value Estimation by Request
      1,352 SF

      2300 Joel Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,352 SF
      2300 Joel Blvd, Alva, FL 33920-4011
      View Details
    • Value Estimation
      $1,810,000
      9,147 SF

      21440 Palm Bch Blvd

      RETAIL STORES (PERSONAL SERVICES) • 9,147 SF
      21440 Palm Bch Blvd, Alva, FL 33920-4064
      View Details
    • Value Estimation
      $640,000
      1,864 SF

      17261 Broadway St

      RETAIL STORES (PERSONAL SERVICES) • 1,864 SF
      17261 Broadway St, Alva, FL 33920-3906
      View Details
    • Value Estimation
      $680,000
      5,760 SF

      18672 State Rd 31

      RETAIL STORES (PERSONAL SERVICES) • 5,760 SF
      18672 State Rd 31, Alva, FL 33920-3002
      View Details
    • Value Estimation
      $715,000
      3,800 SF

      21450 Palm Bch Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,800 SF
      21450 Palm Bch Blvd, Alva, FL 33920-4064
      View Details

    Similar Nearby for Sale

    • New
      $245,000
      0.46 Acres

      Commercial Land on Palm Beach

      C-2 zoned commercial land with high visibility and traffic.
      18226 Palm Beach Blvd, Alva, FL 33920
      View Details
    • New
      $425,425
      Pending

      Riverfront Land with Dock Included

      Premier riverfront homesite in Alva with dock and boat slips.
      21070 Captain Nelson Ct, Alva, FL 33920
      View Details
    • Contact for pricing
      0.25 Acres

      Land Opportunity in Alva, Florida

      Land for sale in a non-flood zone.
      3706 E 21St St, Alva, FL 33920
      View Details
    • Contact for pricing
      0.50 Acres

      Alva, FL Building Lot

      Half-acre building lot in a fast-growing area.
      2010 Moore Ave, Alva, FL 33920
      View Details
    • Contact for pricing
      0.25 Acres

      Land For Sale in Alva

      Vacant lot, perfect to build your dream home!
      2800 E 23Rd St, Alva, FL 33920
      View Details
    • Contact for pricing
      0.25 Acres

      Residential Lot in Growing Area

      Cleared lot near amenities, ideal for homeowners and investors.
      2208 Wyandotte Ave, Alva, FL 33920
      View Details

    Similar Nearby for Lease

    • $5,000 /Mo

      10 Acres Agricultural Land Lease

      10 acres of land for agricultural business, water & electric.
      23590 Palm Beach Blvd, Alva, FL 33920
      View Details
    • $5,000 /Mo
      435,600 SF

      10 Acres Agricultural Land Lease

      10 acres of agricultural land for lease in Alva.
      23590 Palm Beach Blvd, 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.
    21321 Palm Bch Blvd
    Alva, FL 33920-4049
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!