Duplex Property with Screened
New
For Sale
$239,900
19989 PETRUCKA Circle N, Lehigh Acres, FL 33936
Residential, LEHIGH ACRES, FL
Property Size1,697 SF
Lot Size0.16 Acres
Price / SF$141.37
Days on Market3
Property Features for 19989 PETRUCKA Circle N
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM-2
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Laundry Room, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2
Parking features
Driveway
Window features
Blinds
Pets allowed
Yes
Interior features
Ceiling Fans(s), Primary Bedroom Main Floor, Window Treatments
Appliances
Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Washer
Subdivision
CYPRESS PINES
Directions
From Lee Blvd (CR 884), head south on Homestead Rd approx. 3 miles. Turn right (west) onto Will Flint Blvd, then take the first left onto Petrucka Cir N. Follow approx. 1/4 mile to the home.
Standard status
Active
APN
08-45-27-01-0000A.0260
Size
1,697 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CYPRESS PINES BLK A PB 35 PG 39 LOT 26 E 1/2
Tax Annual Amount
1648
Legal Description
CYPRESS PINES BLK A PB 35 PG 39 LOT 26 E 1/2
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public, Well
Building Details
Year built
1983
Floors in Building
1
Flooring type
Tile
Building materials
Stucco
Roof type
Shingle
Listing Agency:
BERKSHIRE HATHAWAY HOMESERVICES FLORIDA REALTY
(941) 207-5055
Listed By:
Mary DuVall
(941) 236-0523
Added: Sep 10
Changed: Sep 12
Last Checked: Sep 12 at 7:06PM
MLS# N6145713
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.
Investment Insights
Based on property information with market context.
This RM-2 duplex property includes a 1,697-square-foot, single-level residence on a 0.16-acre lot. The interior has two bedrooms, two full bathrooms, tile flooring, ceiling fans, window treatments, and a separate laundry room. The primary bedroom is located on the main floor, while the kitchen includes a range, refrigerator, dishwasher, microwave, and other listed appliances. A screened lanai extends the living area, and the property also offers a two-car garage and driveway parking.
Located at 19989 Petrucka Circle N in Lehigh Acres, the property has public water, public sewer, and a private well serving irrigation. The roof was permitted in 2018, construction dates to 1983, and the property is identified as Flood Zone X. I-75 and RSW are approximately twenty minutes west, with the Fort Myers riverfront about thirty minutes away.
Located at 19989 Petrucka Circle N in Lehigh Acres, the property has public water, public sewer, and a private well serving irrigation. The roof was permitted in 2018, construction dates to 1983, and the property is identified as Flood Zone X. I-75 and RSW are approximately twenty minutes west, with the Fort Myers riverfront about thirty minutes away.
Key Highlights
- 1,697‑square‑foot single‑level residence on a 0.16‑acre lot
- Two bedrooms, two full bathrooms, and a two‑car garage
- Screened lanai, tile flooring, and dedicated laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,816
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$416,320
$416.3K
Cap Rate 7%
$297,371
$297.4K
Cap Rate 9%
$231,289
$231.3K
Market Conditions
NOI Build-Up for 1,697 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$39.5K $23.28/SF
− Vacancy
−$1.7K −$0.98/SF
EGI
$37.8K $22.30/SF
− OpEx
−$17.0K −$10.04/SF
NOI
$20.8K $12.27/SF
Area
Lee County, FL
Vacancy
4.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$416,320
Cap Rate 7%
$297,371
Cap Rate 9%
$231,289
Alternative Uses
Best Use
Multifamily LT 5
$320.9K
$280.8K – $374.4K
NOI $22,462 @ 7.0% cap · market cap 9.36%
Second Best
Apartment 5plus
$297.4K
$260.2K – $346.9K
NOI $20,816 @ 7.0% cap · market cap 8.68%
Theoretical Best
Office A
$534.1K
$467.4K – $623.1K
NOI $37,388 @ 7.0% cap · market cap 15.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Explore this area
Business Placement
Demographics for 33936, FL
24,051
Population
10,820
Households
2.2
Avg Household Size
45
Median Age
14%
College-Educated
78%
High-School Grad
36.1 sq mi
ZIP Area
666
Density / Sq Mi
$48,260
Median Household Income
$27,363
Median Earnings
$1,260
Median Rent
$205,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - RM-2 property with a two-car garage, screened outdoor space, and public water and sewer service.
Where is this duplex located?
The property is located at 19989 PETRUCKA Circle N Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: 1,697‑square‑foot single‑level residence on a 0.16‑acre lot; Two bedrooms, two full bathrooms, and a two‑car garage; Screened lanai, tile flooring, and dedicated laundry room
