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    Residential Lot in Lehigh Acres Title is generated by Realmo AI

    2603 E 18th St lot 12B, Lehigh Acres, FL 33972

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    LAND - LEHIGH ACRES, FL

    Lot size:
    0.25 Acres
    Added:
    May 26, 2026
    Days on Market:
    4
    Last Refresh:
    May 29 at 7:06 pm

    Property Features for 2603 E 18th St lot 12B

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RS-1
    Standard status
    Active
    APN
    11-44-27-L1-07028.012B
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LEHIGH ACRES UNIT 7 BLK 28 PB 15 PG 13 LOT PT 12 E 1/2
    Tax Annual Amount
    373

    We can help!

    Listing Contact
    Steven Koleno
    Steven Koleno

    Listing agent Steven Koleno License #3469487

    Listing office Beycome of Florida LLC 5701 Sunset Drive 241, Miami, FL

    Listing date May 26, 2026

    MLS# 226020898 Listing URL

    Copyright © 2026 Naples Area Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Located in an actively developing area of Lehigh Acres off Joel Boulevard
    • Cleared title and unencumbered parcel with a clear deed
    • Zoned RS‑1 for single‑family residential construction
    • Located in FEMA Flood Zone X
    • .25 Acre residential building lot
    • Fronts a maintained paved road

    Overview

    This residential building lot is located in Lehigh Acres, Lee County, Florida. The property is a titled, unencumbered parcel with a clear deed. The lot is 0.25 acres and fronts a maintained paved road. It is situated within FEMA Flood Zone X. The property has an RS-1 zoning designation, which is consistent with single-family residential construction under the Lee County Land Development Code. Located off Joel Boulevard, this lot is situated in one of the more actively developing corridors of Lehigh Acres. Additional lots available for purchase include: 3110 62ND ST W, LEHIGH ACRES FL 33971; 3406 67TH ST W, LEHIGH ACRES FL 33971; 2804 70TH ST W, LEHIGH ACRES FL 33971; 2600 72ND ST W, LEHIGH ACRES FL 33971; 3212 73RD ST W, LEHIGH ACRES FL 33971; 3504 E 21ST ST, ALVA FL 33920; 4207 E 30TH ST, ALVA FL 33920; 2802 E 13TH ST, LEHIGH ACRES FL 33972; 3605 E 17TH ST, LEHIGH ACRES FL 33972; 3805 E 19TH ST, LEHIGH ACRES FL 33972; 2803 E 15TH ST, LEHIGH ACRES FL 33972; 317 SELKIRK AVE, LEHIGH ACRES FL 33974; 1111 GARIBALDI ST E, LEHIGH ACRES FL 33974; 914 BUTLER ST E, LEHIGH ACRES FL 33974; 1237 RACOON ST, LEHIGH ACRES FL 33974; 1920 MIRIAM ST, LEHIGH ACRES FL 33972; 126 SANBORN DR, LEHIGH ACRES FL 33972; 1859 MONTANA ST, LEHIGH ACRES FL 33972; 2121 OCEANO ST, LEHIGH ACRES FL 33972.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store Accounting Firm Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Lehigh Acres
    County
    Lee
    State
    Florida
    Longitude
    -81.594412
    Latitude
    26.665803

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    FAQs

    What type of property is this?
    Residential land & home lot - Residential building lot in actively developing Lehigh Acres corridor.
    Where is this residential land & home lot located?
    The property is located at 2603 E 18th St lot 12B Lehigh Acres, FL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Located in an actively developing area of Lehigh Acres off Joel Boulevard; Cleared title and unencumbered parcel with a clear deed; Zoned RS‑1 for single‑family residential construction
    (804) 656-5007
    We can help!
    Listing Contact
    Steven Koleno
    Steven Koleno
    Real Estate License ID: 3469487
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    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.

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