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    8340 Bayshore Rd North Fort Myers, FL 33917
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    Property profile & analytics

    8340 Bayshore Rd North Fort Myers, FL 33917

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    • Commercial real estate
    • 27.02 lot acres
    Off-Market
    Property ID
    US18-2281796
    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 real estate

    Property Details for 8340 Bayshore Rd

    Lot size
    27.02 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 27.02-acre land assemblage in North Fort Myers, Florida, presents a unique investment opportunity. Zoned C-1/AG-2 (Lee County), this property offers flexibility for various commercial and industrial uses, as well as agricultural applications. Strategically located near the Bayshore Road I-75 interchange, it benefits from significant traffic flow and proximity to major transportation arteries, ensuring efficient logistics. The area is experiencing rapid growth, with over 1,900 residential units and substantial commercial development within a one-mile radius, including prominent businesses like Loves and RaceTrac. The property boasts approximately 900 feet of frontage on Bayshore Road and over 900 feet of frontage on the Seaboard Railroad, providing excellent access and visibility. Its location offers easy access to key economic centers like Fort Myers and Naples. Furthermore, its proximity to Babcock Ranch, a rapidly expanding community projected to include over 20,000 homes and 6 million square feet of commercial space, adds significant long-term value. The asking price is $11,529,892, and the property is available for sale as a whole or in individual parcels. This presents a compelling investment opportunity in one of Southwest Florida's fastest-growing regions, poised for substantial appreciation. The property is located at 8340 Bayshore Rd, North Fort Myers, FL 33917, and is approximately 1,000 square feet from Interstate 75.

    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
    -81.820908
    Latitude
    26.71383

    Comparable in this City

    • $975,000
      32.81 Acres

      Old Florida Land with Potential

      32.81 acres of land with highway frontage in Fort Myers.
      21081 Granville Rd, Fort Myers, FL 33917
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    • $3,250,000

      Fort Myers Agricultural Land

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    • $949,000

      Equestrian Estate on Nearly 5 Acres

      Well-equipped equestrian property with modern updates and income potential.
      11291 Deal Rd, North Fort Myers, FL 33917
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    • $185,000
      Pending

      North Fort Myers Land Opportunity

      5+ acre land parcel in North Fort Myers, Florida.
      Ace Rd, North Fort Myers, FL 33917
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    Similar Nearby for Sale

    • $975,000
      32.81 Acres

      Old Florida Land with Potential

      32.81 acres of land with highway frontage in Fort Myers.
      21081 Granville Rd, Fort Myers, FL 33917
      View Details
    • $3,250,000

      Fort Myers Agricultural Land

      Agricultural land for sale in Fort Myers, Florida.
      17131 Slater Rd, Fort Myers, FL 33917
      View Details
    • Contact for pricing

      Established Farm with Rental Income

      Working farm with event space and mobile home rental.
      3590 Rd S, Fort Myers, FL 33917
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    • $949,000

      Equestrian Estate on Nearly 5 Acres

      Well-equipped equestrian property with modern updates and income potential.
      11291 Deal Rd, North Fort Myers, FL 33917
      View Details
    • $185,000
      Pending

      North Fort Myers Land Opportunity

      5+ acre land parcel in North Fort Myers, Florida.
      Ace Rd, North Fort Myers, FL 33917
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr

      North Fort Myers Flex Space

      Versatile 2,400 SF flex space with fenced yard.
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    • New
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      1,440 SF

      Retail Space in Growing Area

      Retail space in a rapidly growing North Fort Myers submarket.
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    • $3,500 /Mo

      Retail Space For Rent

      Retail space available for lease in North Fort Myers.
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      Retail and Office Center

      Neighborhood retail and office center with high visibility.
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      Retail Units at Shoreline Shoppes

      Retail units for lease in North Fort Myers.
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    North Fort Myers, FL 33917
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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.

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    8340 Bayshore Rd, North Fort Myers, FL, 33917
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