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196 Argonne Avenue S
About This Property
Conveniently located with easy access to State Road 82, this lot provides a quick commute to Fort Myers, Southwest Florida International Airport (RSW), and the many shopping, dining, and entertainment destinations throughout the region. Nearby parks, golf courses, schools, and recreational amenities add to the appeal, while the continued residential growth in the area makes this an attractive opportunity for both builders and long-term investors. Whether you're ready to build today or hold for future appreciation, this property offers outstanding potential in one of Southwest Florida's expanding communities.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 12, 2026 | Listed by KW Elevate Luxury | $25,000 | |
| Listed by KW Elevate Luxury | |||
| Jul 7, 2005 | Sold | ||
| Sold | |||
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About Eisenhower
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017