Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1007 LEROY AVENUE Lehigh Acres, FL 33972

    View on Map
    For Sale
    $30,000

    Land - LEHIGH ACRES, FL

    Lot size:
    0.50 Acres
    Added:
    Apr 30, 2024
    Days on Market:
    702
    Last Refresh:
    Apr 1 at 11:06 pm

    Property Features for 1007 LEROY AVENUE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RS-1
    Standard status
    Active
    APN
    24-44-27-07-00026.0160
    Lot size
    0.50 Acres

    Taxes and HOA fees

    TaxYear
    2023
    TaxAnnualAmount
    378

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Darryl Love
    Darryl Love

    Listing agent Darryl Love License #3469418

    Listing office WATSON REALTY CORP., REALTORS 1390 N Hancock Rd., Clermont, FL

    Listing date Apr 30, 2024

    MLS# G5081569 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Land in Lehigh Acres

    This half-acre lot is located in a community in Lehigh Acres, Florida, and is suitable for building a home. The property is situated in a quiet neighborhood with access to public water, sewer, and electricity. It is located in close proximity to the Florida West Coast and its beaches. The Lazy Springs Recreation Park is a short distance away. Shopping, restaurants, and schools are nearby.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Auto Repair Shop Hotel & Motel Garden Center Furniture & Home Goods Bakery Travel Agency Bed & Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lehigh Acres
    County
    Lee
    State
    Florida
    Longitude
    -81.579344
    Latitude
    26.637366

    Nearby Similar for Sale

    • $534,999

      New Duplex in Lehigh Acres

      Modern duplex with den, quartz countertops, and no HOA.
      209-211 W 12th Street, Lehigh Acres, FL 33972
      View Details
    • $1,000,000

      Lehigh Acres Commercial Property

      Versatile commercial space suitable for church or community organization.
      300 Leonard Boulevard N unit: 1-2, Lehigh Acres, FL 33971
      View Details
    • $435,000
      3,511 SF

      Spacious Multi-Generational Home

      Six-bedroom, four-bath home with multi-generational design on half-acre lot.
      521 Grant Avenue, Lehigh Acres, FL 33972
      View Details
    • $419,900

      Lehigh Acres Duplex with Upgrades

      Duplex with new roof, modern AC, renovated unit, oversized garages.
      4613/4615 29th Street SW, Lehigh Acres, FL 33973
      View Details
    • $500,000

      New Lehigh Acres Duplex

      New construction duplex near Fort Myers with strong rental potential.
      1008-1010 Jaguar Boulevard, Lehigh Acres, FL 33974
      View Details
    • $489,000
      2,351 SF

      New Construction Duplex in Lehigh

      Newly constructed duplex with modern amenities in a desirable location.
      4657/4695 24th St SW, LEHIGH ACRES, FL 33973
      View Details
    • $455,000

      New Lehigh Acres Duplex

      New construction duplex near Fort Myers with modern finishes.
      4733-4735 27th Street SW, Lehigh Acres, FL 33973
      View Details
    • $489,000
      2,351 SF

      New Duplex in Lehigh Acres

      Newly constructed duplex with modern amenities in a prime location.
      313/315 IVAN Ave S, LEHIGH ACRES, FL 33973
      View Details
    • $424,000

      Lehigh Acres Duplex For Sale

      Well-maintained duplex with new roof, ideal for investment or owner-occupancy.
      4402 Douglas Lane, Lehigh Acres, FL 33973
      View Details
    • $525,000

      Canal-Front Duplex: Investment Opportunity

      Modern duplex with income potential, canal views, and buyer incentives.
      438/440 Charwood Avenue S, Lehigh Acres, FL 33974
      View Details
    • $405,000

      Lehigh Acres Duplex Investment

      Well-maintained duplex in Lehigh Acres with strong rental potential.
      5234/5234 30th Street SW, Lehigh Acres, FL 33973
      View Details
    • $495,000

      New Construction Duplex in Lehigh Acres

      New construction duplex with upgrades, close to shopping and dining.
      405-407 Chalet Avenue S, Lehigh Acres, FL 33974
      View Details

    FAQs

    What type of property is this?
    Land - Half-acre residential lot ready for building in Lehigh Acres, Florida.
    Where is this land located?
    The property is located at 1007 LEROY AVENUE Lehigh Acres, FL.
    What is the asking price?
    The asking price for this property is $30,000.
    What are key features of this property?
    This property features: Oversized 1/2 acre lot provides ample space.; Ready to build your dream home.; Access to public water, sewer, and electricity.
    (321) 332-5514
    We can help!
    Listing Contact
    Darryl Love
    Darryl Love
    Real Estate License ID: 3469418
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!