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    Property profile & analytics

    3280 Colonial Blvd Fort Myers, FL 33966

    • Commercial real estate
    • 55.67 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0690763
    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

    • Commercial real estate

    Property Details for 3280 Colonial Blvd

    Lot size
    55.67 lot acres
    Property type
    Commercial real estate
    APN
    06-45-25-P1-00002.0220 06-45-25-P2-00002.0000 06-45-25-P2-00002.0160 & 0200 06-45-25-P2-00002.0210 & 0220 06-45-25-P2-00006.0010

    Description

    This exceptional 55.67+/- acre site, located at 3280 Colonial Blvd in Fort Myers, Florida (zip code 33966), presents a remarkable investment opportunity. Priced at $54,900,000 ($20.58/sq ft), this cleared and partially filled land is zoned CG & PUD (City of Fort Myers) and offers significant development potential. Its strategic location provides direct access to Colonial Blvd, Metro Pkwy, and Plantation Rd, ensuring excellent visibility and convenient access. The property boasts a pre-approved Backbone Water Management system, complete with an onsite retention and outfall structure, facilitating vertical development with existing City of Fort Myers permits. Currently utilized for cattle grazing, this land benefits from an Agricultural Classification of Lands. The property's APN is 06-45-25-P1-00002.0220 06-45-25-P2-00002.0000 06-45-25-P2-00002.0160 & 0200 06-45-25-P2-00002.0210 & 0220 06-45-25-P2-00006.0010. Its ideal characteristics make it suitable for a variety of uses, including a master-planned community incorporating commercial/industrial spaces, medical and office campuses, and residential apartments. This is a rare opportunity to acquire a large, well-situated parcel in a rapidly growing area of Lee County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.844605
    Latitude
    26.595918

    Comparable in this City

    • $1,295,000

      Horse Farm Near Downtown

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      Residential Land with Lake View

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      Residential Land in Fort Myers

      Vacant residential land available, future Costco nearby.
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    Similar Nearby for Sale

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      Horse Farm Near Downtown

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      Fort Myers Commercial Land Parcel

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      Fort Myers Commercial Acreage Opportunity

      Commercial acreage available in Fort Myers for multiple uses.
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    • $1,950,000
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      Metro Parkway Commercial Land

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      Residential Land with Lake View

      Residential vacant land for sale with a lake view.
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      Residential Land in Fort Myers

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    Similar Nearby for Lease

    • $16 SF/Yr
      10,000 SF

      Secured Industrial Site For Rent

      Industrial property with outdoor storage and secured, fenced perimeter.
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      Commercial Land For Rent

      Commercial land available for rent in Fort Myers, Florida.
      4011 Colonial Blvd, Fort Myers, FL 33966
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      3,750 SF

      Second Floor Office Suite

      Office suite with waiting room, kitchen, and eight offices.
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      32,038 SF

      Fort Myers Flex/Industrial Space

      32,038 SF flex/industrial space available for lease.
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      1,775 SF

      Colonial Boulevard Office Space Available

      Office space for rent with monument signage and covered parking.
      3800 Colonial Blvd, Fort Myers, FL 33966
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    • $5,300 /Mo
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      Medical Office Space Available

      2,250 SF medical office space for lease.
      4977 Royal Gulf Cir, Fort Myers, FL 33966
      View Details
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    3280 Colonial Blvd
    Fort Myers, FL 33966
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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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