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

    166/168 Milwaukee Boulevard Lehigh Acres, FL 33974

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at 166/168 Milwaukee Boulevard, Lehigh Acres, FL
    For Sale
    $58,900

    LAND - Lehigh Acres, FL

    Lot size:
    0.28 Acres
    Added:
    Jul 29, 2025
    Days on Market:
    281
    Last Refresh:
    May 5 at 5:06 am

    Property Features for 166/168 Milwaukee Boulevard

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    07-45-27-L3-10048.0190
    Lot size
    0.28 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    SOUTHWOOD UNIT 10 BLK 48 PB 26 PG 70 LOT 19
    Tax Annual Amount
    414

    Utilities

    Sewer type
    Septic Tank
    Water source
    Well

    We can help!

    Listing Contact
    Yuliya Parker

    Listing agent Yuliya Parker License #258031620

    Listing office Florida Signature Realty Inc 1267 Cleburne Dr, Fort Myers, FL

    Listing date Jul 29, 2025

    MLS# 2025002067 Listing URL

    Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lehigh Acres Multifamily Development Land

    This 0.2839-acre property in Lehigh Acres, Florida, is zoned for multi-family use, presenting an opportunity to construct a duplex. Utilities are accessible on-site. The location offers convenient proximity to schools, shopping venues, and major roadways. Multiple lots are available for purchase, either individually or as a package.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lehigh Acres
    County
    Lee
    State
    Florida
    Longitude
    -81.647199
    Latitude
    26.576124

    Nearby Similar for Sale

    • $489,900

      New Multi-Family Home in Lehigh

      2023-built 6-bedroom multi-family home, ideal for investors or owner-occupants.
      849/851 Bedford Drive, Lehigh Acres, FL 33974
      View Details
    • $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
    • $399,999

      Lehigh Acres Duplex Investment

      Turnkey duplex in Lehigh Acres with long-term tenants.
      537/539 Alabama Road S, Lehigh Acres, FL 33974
      View Details
    • $1,000,000

      Lehigh Acres Commercial Property

      Versatile commercial space suitable for church or community organization.
      300 Leonard Boulevard N, Lehigh Acres, FL 33971
      View Details
    • $490,000

      New Duplex in Lehigh Acres

      New construction duplex near Fort Myers with strong rental potential.
      1128-1130 Graystone Avenue, Lehigh Acres, FL 33974
      View Details
    • $350,000

      Lehigh Acres Commercial Corner Lot

      Commercial corner lot in growing area with development potential.
      910 Meadow Road, Lehigh Acres, FL 33973
      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
    • $380,000

      Lehigh Acres Duplex Investment Opportunity

      Well-maintained duplex in high-demand Lehigh Acres rental market.
      228/230 Homer Avenue S, Lehigh Acres, FL 33973
      View Details
    • $125,000

      Commercial Land in Lehigh Acres

      C2-zoned lot ideal for commercial development in Lehigh Acres.
      2876 Meadow Rd lot: 22, LEHIGH ACRES, FL 33974
      View Details
    • $475,000

      New Duplex Investment Opportunity

      Brand-new duplex with high-end finishes, ideal for investors.
      1400/1402 W 12th Street, Lehigh Acres, FL 33972
      View Details
    • $409,000

      Renovated Duplex in Lehigh Acres

      Stunning, renovated duplex with modern features and updated kitchens.
      4541/4543 27th Street SW, Lehigh Acres, FL 33973
      View Details
    • $365,000

      Lehigh Acres Income-Producing Duplex

      Income-producing duplex in Lehigh Acres near main roads and amenities.
      1132/1134 Ichabod Avenue, Lehigh Acres, FL 33973
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Multifamily zoned land in Lehigh Acres, utilities available.
    Where is this residential land & home lot located?
    The property is located at 166/168 Milwaukee Boulevard Lehigh Acres, FL.
    What is the asking price?
    The asking price for this property is $58,900.
    What are key features of this property?
    This property features: Zoned for Multi‑Family Use: Ideal for building a duplex and generating rental income.; Utilities Access Available: Simplifies the building process and reduces initial development costs.; Growing Area of Lehigh Acres: Indicates potential for property value appreciation and investment growth.
    (239) 770-5306
    We can help!
    Listing Contact
    Yuliya Parker
    Real Estate License ID: 258031620
    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

    Thank You for Inquiry
    166/168 Milwaukee Boulevard, Lehigh Acres, FL 33974
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!