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    4800 Orange Grove Blvd North Fort Myers, FL 33903
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    4800 Orange Grove Blvd North Fort Myers, FL 33903

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    • Commercial land
    For Sale
    $350,000
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    Commercial Land Near US 41 For Sale
    $350,000

    Commercial Land Near US 41

    Commercial land with high traffic near schools and shopping.

    4800 Orange Grove Blvd, North Fort Myers, FL 33903
    View Listing
    Property ID
    US18-4888202
    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

    • Commercial land

    Property Details for 4800 Orange Grove Blvd

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Great location near schools,shopping centers and other services Easy access to US 41 and downtown Fort Myers across the bridge High Traffic Counts 22,393 AADT via Hancock Bridge Parkway (FDOT 2018)

    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
    North Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.9149257
    Latitude
    26.6543044

    Comparable in this City

    • Contact for pricing

      North Fort Myers Canal Frontage

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      7.5 Acres Corner Land Parcel

      7.5 acres corner land parcel with road access.
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      1.41 Acres

      Prime Commercial Land on US 41

      Corner commercial outparcel with high visibility and development approvals.
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      North Fort Myers Commercial Land

      7.5 acres of commercial land with road frontage.
      14710 N Cleveland Ave, North Fort Myers, FL 33903
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    • $325,000

      Prime Land on Cleveland Avenue

      One acre of commercial land with road frontage.
      14630 N Cleveland Ave, North Fort Myers, FL 33903
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    • $1,350,000
      1.31 Acres

      North Fort Myers Commercial Land

      Two adjacent parcels totaling 1.85 acres on N Cleveland Avenue.
      14500 N Cleveland Ave, North Fort Myers, FL 33903
      View Details

    Similar Nearby for Sale

    • $1,350,000
      1.31 Acres

      North Fort Myers Commercial Land

      Two adjacent parcels totaling 1.85 acres on N Cleveland Avenue.
      14500 N Cleveland Ave, North Fort Myers, FL 33903
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    • $399,900

      High-Visibility Corner Commercial Parcel

      0.85 acre commercial land with high traffic exposure.
      14421 N Cleveland Ave, North Fort Myers, FL 33903
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    • Contact for pricing

      Prime US-41 Development Opportunity

      4.46-acre commercial site with high visibility and traffic flow.
      17750 N Tamiami Trl, North Fort Myers, FL 33903
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      Prime Commercial Land on US 41

      3+ acres of C-1 zoned land with high traffic.
      Oo, North Fort Myers, FL 33903
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      North Fort Myers Commercial Site

      4.46 AC commercial site with US-41 frontage.
      17750 N Tamiami Trl, North Fort Myers, FL 33903
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    • $2,150,000

      6.7 Acres Commercial Land Available

      6.7 acres of commercial land with over 600ft frontage.
      18351 North Tamiami Trl, North Fort Myers, FL 33903
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    Similar Nearby for Lease

    • Contact for pricing
      17,500 SF

      Approved Outdoor Storage Site Available

      Commercial land approved for most uses, with billboard signage.
      2787/2751 North Tamiami Trl, North Fort Myers, FL 33903
      View Details
    • $8,333 /Mo

      Retail Space in Publix-Anchored Center

      Retail space available in a Publix-anchored shopping center.
      17910 N Tamiami Trl, North Fort Myers, FL 33903
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      Secure, Accessible Industrial Property

      Ready-to-use industrial property with advanced security and accessibility features.
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      49,833 SF

      North Fort Myers Retail Space

      Commercial unit for lease in North Fort Myers, Florida.
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      Medical Office Sublease Opportunity

      3,800 SF ground floor suite in North Fort Myers.
      17966 N Tamiami Trl, North Fort Myers, FL 33903
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    • $14 SF/Yr
      7,792 SF

      North Fort Myers Warehouse Space

      Versatile unit with office, warehouse, and loading dock.
      19751 N Tamiami Trl, North Fort Myers, FL 33903
      View Details
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    North Fort Myers, FL 33903
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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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    4800 Orange Grove Blvd, North Fort Myers, FL, 33903
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