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    2830 Murray Rd Labelle, FL 33935
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    2830 Murray Rd Labelle, FL 33935

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    • Residential land & home lots
    Off-Market
    Property ID
    US18-4429090
    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

    • Residential land & home lots

    Property Details for 2830 Murray Rd

    Property type
    Residential land & home lots
    Property subtype
    Commercial land

    Description

    LSI Companies is proud to present 2830 Murray Road, an exceptional 84± acre development opportunity in the rapidly growing market of LaBelle, Florida. This expansive property is located just outside the City of LaBelle with direct access to State Road 80, a major arterial roadway (AADT 25,000±) that connects Florida’s east and west coasts. Murray Road an ideal location for a variety of potential uses, including residential communities, mixed-use developments, or commercial projects. With increasing demand for connectivity between the two coasts, this site offers unmatched potential for future residential and commercial development. LaBelle and the surrounding Hendry County area are experiencing a surge in demand for affordable new housing, driven by population growth and an influx of new businesses. Four of the nation’s top ten builders have recently initiated projects in the area, reflecting the market’s strong growth potential. This property is primed to meet that demand, making it highly attractive to developers and builders looking to capitalize on the area’s momentum. Hendry county is quickly establishing itself as a bedroom community for Fort Myers and Cape Coral. Affordability coupled with a tranquil way of life has driven demand for housing in this area. As such, development tracts in the area are well poised to experience continued appreciation as more rooftops and business push further east. Whether you are looking to develop residential neighborhoods, commercial complexes, or a combination of both, 2830 Murray Rd provides the perfect platform for growth in one of Florida’s fastest-growing regions. APPROVED USES: Residential • Community Residential Home (Minor) • Manufactured Home • Modular Home • Single-Family Dwelling * Please contact LSI Companies for a full list of approved uses LOCATION HIGHLIGHTS: 4.4± miles to State Road 29 8.6± miles to State Road 78 19.4± miles to I-75 24.7± miles to Downtown Fort Myers 26.5± miles to Immokalee 30.9± miles to Babcock Ranch 34.5± miles to SWFL International Airport (RSW

    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
    Labelle
    County
    Hendry
    State
    Florida
    Longitude
    -81.4998143
    Latitude
    26.7209828

    Comparable in this City

    • $2,900,000
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      Labelle, FL Commercial Development Land

      Land approved for multi-family and commercial development in Labelle.
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    • $104,000
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      Residential Lot with Airstrip Access

      Cleared 1.09-acre lot in Sky Manor Airpark, Labelle, Florida.
      1520 Lindbergh Loop, Labelle, FL 33935
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      Prime Commercial Property in Labelle

      Commercial property in rapidly growing Labelle with SR 80 frontage.
      891 W Hickpochee Ave, Labelle, FL 33935
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      Commercial Land Ready to Build

      Commercial land with completed survey and inspections, ready for development.
      8028 Windswept Cir, Labelle, FL 33935
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    • $30,000
      0.25 Acres

      Labelle, FL Land For Sale

      Land available in fast-growing Port Labelle area.
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    • $160,000
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      Labelle Land with Resort Amenities

      Private lot with resort amenities and river access.
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    Similar Nearby for Sale

    • $2,900,000
      15.95 Acres

      Labelle, FL Commercial Development Land

      Land approved for multi-family and commercial development in Labelle.
      E Fort Thompson Ave, Labelle, FL 33935
      View Details
    • $219,000
      10.66 Acres

      Residential Agriculture Land in Labelle

      10.66 acre residential agriculture land in a rural area.
      1 Wright St, Labelle, FL 33935
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    • $59,900
      Pending

      Labelle, FL 1.25-Acre Residential Lot

      1.25-acre residential lot perfect for a dream farmhouse.
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    • $104,000
      1.09 Acres

      Residential Lot with Airstrip Access

      Cleared 1.09-acre lot in Sky Manor Airpark, Labelle, Florida.
      1520 Lindbergh Loop, Labelle, FL 33935
      View Details
    • Contact for pricing

      Waterfront Land on SR 80

      31.47 acres with river and highway frontage near LaBelle.
      1984 E State Road 80, Labelle, FL 33935
      View Details
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    Labelle, FL 33935
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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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