$3,250,000
●
Land -
For Sale
0 W State Road 80
Other City - In The State Of Florida, FL 33440
Studio
0 Bath
$15,966
Est. Monthly
About This Property
EXPLOSIVE GROWTH LABELLE W SR 80 CORRIDOR FRONTAGE LOCATED IN
BETWEEN WALMART AND O'REILLY AUTO PARTS STORE. 12+/- acres with
approximately 1,100+/- feet of frontage. Seller may split this
property into retail/professional space/medical sites on W SR 80.
Property currently zoned Agricultural for low taxes (2024 taxes
were $95.55) with that use continuing even after annexation until
development takes place (if pasture use continues). Seller will
work with new Buyer on obtaining a Planned Unit Development. This
property can be annexed into the City of LaBelle for access to
utilities for your project. This property is only 30 minutes from
downtown Fort Myers and 18 miles from I-75; 2+/- hours from Miami;
3+/- hours from Orlando.
Unit Size
-
Days on Market
603 days
Land Size
12.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$8
HOA Dues
-
Year Built
-
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 20 days ago (Miami MLS #A11739226)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 4, 2025 | Listed | $3,250,000 | |
| Listed | |||
| | |||
|
EXPLOSIVE GROWTH LABELLE W SR 80 CORRIDOR FRONTAGE LOCATED IN BETWEEN WALMART AND O’REILLY AUTO PARTS STORE. 12+/- acres with approximately 1,100+/- feet of frontage. Seller may split this property into retail/professional space/medical sites on W SR 80. Property currently zoned Agricultural for low taxes (2024 taxes were $95.55) with that use continuing even after annexation until development takes place (if pasture use continues). Seller will work with new Buyer on obtaining a Planned Unit Development. This property can be annexed into the City of LaBelle for access to utilities for your project. This property is only 30 minutes from downtown Fort Myers and 18 miles from I-75; 2+/- hours from Miami; 3+/- hours from Orlando.
| |||
| Feb 1, 2025 | No longer available | - | |
| No longer available | |||
| Jan 21, 2024 | Listed | $3,250,000 | |
| Listed | |||
| | |||
|
EXPLOSIVE GROWTH LABELLE W SR 80 CORRIDOR FRONTAGE LOCATED IN BETWEEN WALMART AND NEW O’REILLY AUTO PARTS STORE. Close proximity to new Helms Road Extension, Tractor Supply, and stop light at SR 80 W and Cowboy Way/Fort Denaud Rd. 30+/- acres with approximately 1200+/- feet of frontage. Seller may split this property into retail/professional space/medical sites on W SR 80. Property currently zoned Agricultural for low taxes with that use continuing even after annexation until development takes place (if pasture use continues). This property is in the process of annexing into the City of LaBelle for access to utilities. City of LaBelle has no impact fees but does have fees for utility hook-ups. This property is only 18 miles from I-75; 2+/- hours from Miami; 3+/- hours from Orlando.
| |||
| Jan 2, 2024 | No longer available | - | |
| No longer available | |||
| Jan 14, 2023 | Listed by Southern Heritage R.E & Invest | $3,250,000 | |
| Listed by Southern Heritage R.E & Invest | |||
| | |||
|
EXPLOSIVE GROWTH LABELLE W SR 80 CORRIDOR FRONTAGE LOCATED IN BETWEEN WALMART AND NEW O’REILLY AUTO PARTS STORE. Close proximity to new Helms Road Extension, Tractor Supply, and stop light at SR 80 W and Cowboy Way/Fort Denaud Rd. 30+/- acres with approximately 1200+/- feet of frontage. Seller may split this property into retail/professional space/medical sites on W SR 80. Property currently zoned Agricultural for low taxes with that use continuing even after annexation until development takes place (if pasture use continues). This property is in the process of annexing into the City of LaBelle for access to utilities. City of LaBelle has no impact fees but does have fees for utility hook-ups. This property is only 18 miles from I-75; 2+/- hours from Miami; 3+/- hours from Orlando.
| |||
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Property Highlights
Exterior Details
Building Area Units: Square Feet
Lot Features: Irregular Lot, Pasture, County Location, 10 Or More Acres, No Bldg Included
Lot Size Area: 522720
Lot Size Units: Square Feet
Lot Size Acres: 12
Lot Size Square Feet: 522720
Lot Size Dimensions: 1100x0
Water Source: Other
Financial Details
Tax Annual Amount: $93
Utilities Details
Sewer : None
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Hendry
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Listed by: Sherri Denning
Southern Heritage Real Estate
Last Updated: 20 days ago
Data Source: Miami MLS, MLS# A11739226
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Southern Heritage Real Estate
Last Updated: 20 days ago
Data Source: Miami MLS, MLS# A11739226
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017