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

    4420 Flagship Dr Fort Myers, FL 33919-8209

    • Golf courses & driving ranges
    • 24,232 SF
    • 78.80 lot acres
    OFF-MARKET
    Value Estimations
    $4,905,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1432192
    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

    • Rossman Realty Landings Office / Real Estate Agency
    • Landings Tennis and Pickleball Association / Nightclub / Music Venue
    • Helm Club / Nightclub / Music Venue
    • The Landings Yacht, Golf & Tennis Club / Golf Course
    • The New LandingsProperties.com / Association Or Organization

    Property Details for 4420 Flagship Dr

    Year built
    1978
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    78.80 lot acres
    Property size
    24,232 SF
    Zone code
    RM-2 RM-2
    Property type
    Golf courses & driving ranges
    APN
    21-45-24-00-00001.00CE
    APU
    214524000000100CE

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,903,000
      Market price range: $724k - $17.1M

    • Alternative Use

      Use
      Estimation
      RECREATIONAL/ENTERTAINMENT (GENERAL)
      $4,905,000
      Current use
      COMMERCIAL (GENERAL)
      $7,105,000
      Change: +45% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $4,960,000
      Change: +1% Conversion: Difficult
      OFFICE BUILDING
      $3,990,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.9168
    Latitude
    26.5532
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5,952 SF

      1380 Myerlee Country Clb Blvd

      GOLF COURSE • 5,952 SF
      1380 Myerlee Country Clb Blvd, Fort Myers, FL 33919-6618
      View Details
    • Value Estimation
      $1,065,000
      14,589 SF

      6767 Winkler Rd

      COUNTRY CLUB • 14,589 SF
      6767 Winkler Rd, Fort Myers, FL 33919-7227
      View Details
    • Value Estimation by Request
      5,929 SF

      1449 Whiskey Crk Dr, Unit 1459

      GOLF COURSE • 5,929 SF
      1449 Whiskey Crk Dr, Fort Myers, FL 33919-2248
      View Details
    • Value Estimation by Request
      8,233 SF

      9211 College Pkwy

      THEATER (MOVIE) • 8,233 SF
      9211 College Pkwy, Fort Myers, FL 33919-4802
      View Details
    • Value Estimation by Request
      0.24 Acres

      13650 Mcgregor Blvd

      VACANT COMMERCIAL LAND • 0.24 Acres
      13650 Mcgregor Blvd, Fort Myers, FL 33919
      View Details
    • Value Estimation by Request
      1.93 Acres

      866 Deep Lagoon Ln

      WASTE DISPOSAL, SEWAGE • 1.93 Acres
      866 Deep Lagoon Ln, Fort Myers, FL 33919-6109
      View Details

    Similar Nearby for Sale

    • $149,900
      0.22 Acres

      Vacant Lot in Fort Myers

      Vacant land near McGregor Blvd, perfect for building your dream home.
      9934 Almetta Ave, Fort Myers, FL 33919
      View Details
    • $985,000
      0.30 Acres

      Waterfront Lot in Town & River

      Vacant lot with direct Gulf access in Fort Myers.
      9821 Cypress Lake Dr, Fort Myers, FL 33919
      View Details
    • $1,100,000
      6.22 Acres

      Fort Myers Commercial Land - 6.22 Acres

      Prime Commercial Land, South Fort Myers
      13400 Greengate Blvd, Fort Myers, FL 33919
      View Details
    • $955,000
      0.31 Acres

      Waterfront Lot in Deep Lagoon

      Oversized Gulf-access lot, ideal for yacht owners.
      126 Montrose Dr, Fort Myers, FL 33919
      View Details
    • $1,679,000
      0.35 Acres

      Waterfront Lot in Town and River

      Rare waterfront lot with canal frontage and river views.
      799 Cypress Lake Cir, Fort Myers, FL 33919
      View Details
    • $139,999
      1,012 SF

      Updated Condo with Golf Course View

      Resort-style living with golf course views and updated features.
      6777 Winkler Rd, Fort Myers, FL 33919
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,800 SF

      Retail Space in Fort Myers

      Retail spaces available in a renovated Fort Myers shopping center.
      8595-8609 College Pkwy, Fort Myers, FL 33919
      View Details
    • $15 SF/Yr
      5,363 SF

      Whiskey Creek Office Suites Available

      Executive Office Space, Multiple Sizes Available
      6290 Corporate Ct, Fort Myers, FL 33919
      View Details
    • Contact for pricing
      4,400 SF

      Move-in Ready Office Space

      Office space with marquee signage and covered parking available.
      8191 College Pkwy, Fort Myers, FL 33919
      View Details
    • $20 SF/Yr
      2,275 SF

      Retail Space in Publix-Anchored Center

      Retail space for lease in Fort Myers shopping center.
      4600 Summerlin Rd, Fort Myers, FL 33919
      View Details
    • Contact for pricing
      1,513 SF

      College Parkway Commercial Property

      Commercial property in College Parkway Corridor with excellent access.
      8771 College Pkwy, Fort Myers, FL 33919
      View Details
    • Contact for pricing
      2,325 SF

      Office Space Available For Rent

      Office spaces for rent in Fort Myers, Florida.
      6290-6296 Corporate Ct, Fort Myers, FL 33919
      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.
    4420 Flagship Dr
    Fort Myers, FL 33919-8209
    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!