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Property profile

21601 Carter Rd Estero, FL 33928

OFF-MARKET
Land
Property ID
US18-2803374
373 ac lot
Entity Owned 9-yr Hold
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Property summary

AI-generated overview

This exceptional 373-acre property in Estero, Florida, presents a unique investment opportunity. Located in the coveted Corkscrew Road corridor of Lee County (zip code 33928), this land boasts AG-2 zoning, offering significant potential for various agricultural and commercial ventures. The current zoning allows for development, although density will be subject to the Density Reduction Groundwater Resource (DRGR) regulations. The property is currently cultivated and includes a farm tenant with a pre-negotiated buyout provision, providing immediate income potential or a seamless transition for the new owner. Priced at $19,000,000, this translates to an attractive $50,938 per acre. The precise address is 21601 Carter Rd, Estero, FL. This expansive parcel offers a rare combination of established agricultural use and promising future development possibilities within a highly desirable Florida location. Detailed zoning information and development guidelines are readily available upon request. The property's strategic location and substantial acreage make it an ideal investment for both experienced agricultural operators and forward-thinking developers seeking a prime location in Southwest Florida. Serious inquiries only.

Property profile

Verified
Property type Land
Lot 373 ac (16,247,880 SF)
UPID US18-2803374

Cap rate & NOI

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

Location

21601 Carter Rd Estero, FL 33928
Estero metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2017
3 recorded transactions
2019
Price N/A
2018
Price N/A
2017
$2.0M

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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