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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2581 Oleander St Saint James City, FL 33956-2150

    • Parking lots & garages
    • 1,100 SF
    • 2.58 lot acres
    OFF-MARKET
    Last Sale
    May 12, 2022
    $5,000,000
    Value Estimations
    $5,025,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0378503
    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

    • Fantasy Island MHC 55+ / Campground & RV Park

    Property Details for 2581 Oleander St

    Year built
    1980
    Construction
    FRAME
    Lot size
    2.58 lot acres
    Property size
    1,100 SF
    Zone code
    MH-2
    Property type
    Parking lots & garages
    APN
    02-46-22-05-00422.0010
    APU
    2462205004220010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,150,000
      ML approach
      $5,070,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint James City
    County
    Lee
    State
    Florida
    Longitude
    -82.0822
    Latitude
    26.4979
    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
    $26,114
    $1,708,646
    $10
    $1,708,656
    -
    $1,708,646
    $10
    $1,708,656

    Comparable in this City

    • Value Estimation by Request
      408 SF

      2701 York Rd

      PARKING LOT • 408 SF
      2701 York Rd, Saint James City, FL 33956-2263
      View Details
    • Value Estimation by Request
      1,920 SF

      9826 Stringfellow Rd

      CAR WASH - SELF-SERVE • 1,920 SF
      9826 Stringfellow Rd, Saint James City, FL 33956
      View Details
    • Value Estimation by Request
      3,060 SF

      8336 Stringfellow Rd

      SERVICE STATION (FULL SERVICE) • 3,060 SF
      8336 Stringfellow Rd, Saint James City, FL 33956-2911
      View Details
    • Value Estimation
      $505,000
      1,080 SF

      3446 York Rd

      SERVICE STATION (FULL SERVICE) • 1,080 SF
      3446 York Rd, Saint James City, FL 33956-2307
      View Details
    • Value Estimation
      $2,175,000
      1,536 SF

      3157 Stringfellow Rd

      SERVICE STATION (FULL SERVICE) • 1,536 SF
      3157 Stringfellow Rd, Saint James City, FL 33956-2343
      View Details
    • Value Estimation by Request
      1,200 SF

      5180 Doug Taylor Cir

      SERVICE STATION (FULL SERVICE) • 1,200 SF
      5180 Doug Taylor Cir, Saint James City, FL 33956-3215
      View Details

    Similar Nearby for Sale

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    • $48,900

      Established Salon in Winn Dixie Center

      Well-established beauty salon in a convenient location.
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      Residential Lot in Flamingo Bay

      Large lot with water access and community amenities.
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      Land in St James City

      Vacant lot ready for your dream home in St James City.
      3488 Mango St, St James City, FL 33956
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      Waterfront Apartment Building with Rental Income

      Stunning 8-unit apartment building with waterfront access and flexible leasing.
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      Direct Gulf Access Residential Lot

      Residential lot with direct Gulf access, ready for your dream home.
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    Similar Nearby for Lease

    • $1,850 /Mo
      35,000 SF

      Commercial Land For Rent

      Commercial land available for rent, construction completion December 2025.
      10081 Betsy Pkwy, Saint James City, FL 33956
      View Details
    • $14 SF/Yr
      121,576 SF

      Remodeled Office Spaces Available

      Newly remodeled office spaces for lease with tenant build-out.
      8359 Stringfellow Rd, Saint James City, FL 33956
      View Details
    • $1,550 /Mo
      46,696 SF

      Warehouse Unit For Lease

      Newer warehouse unit available for lease.
      10161 Mallory Pkwy E, Saint James City, FL 33956
      View Details
    • $1,550 /Mo
      19,994 SF

      Warehouse Unit For Lease

      Warehouse unit available for lease with overhead door.
      5280 Doug Taylor Cir, Saint James City, FL 33956
      View Details
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    2581 Oleander St
    Saint James City, FL 33956-2150
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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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