23
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595 Norris Rd
About This Property
Originally started as a pole barn, the existing structure is constructed on an 8-inch slab, providing a strong foundation for future completion. The unfinished building already features a durable metal Galvalume roof and hurricane-impact windows. With county permitting, it can be finished to suit your needs as a custom home, BARNDOMINIUM, barn, or workshop.
The land is fully fenced and currently supports cattle, with an agricultural exemption already in place to help keep property taxes low. A 3-inch well is installed and set up for solar power, with only a submersible pump needed to provide water to a future residence or barn. There is also a holding tank for an RV, allowing you to stay on-site while completing construction or managing agricultural use.
Ideally located in LaBelle and close to Alva, the property offers peaceful country living with convenient access to rural LaBelle and downtown Fort Myers. Located only about 5± miles from the Lee/Hendry County line, it provides easy access to schools, shopping, and commuting routes.
Visible scattered oak trees and improved pasture create a picturesque Old Florida setting that is both usable and inviting. If you have been searching for acreage with existing improvements, agricultural use, and endless potential, this is an exceptional opportunity. Including parcel ID: 1 28 43 09 030 0000-004.0 (515 Norris Rd.)
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 19, 2026 | In contract | - | |
| In contract | |||
| Jul 21, 2026 | Price Decreased |
$600,000
↓ $100K
(14.3%) | |
| Price Decreased | |||
| Jul 3, 2026 | Price Increased |
$700,000
↑ $250K
(55.6%) | |
| Price Increased | |||
| Jun 4, 2026 | Price Decreased |
$450,000
↓ $350K
(43.7%) | |
| Price Decreased | |||
| Jun 3, 2026 | Price Increased |
$799,900
↑ $275K
(52.4%) | |
| Price Increased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017