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    New Lehigh Acres Ranch Home Title is generated by Realmo AI

    2924 5th Street SW, Lehigh Acres, FL 33976

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    Pending
    $369,900

    MULTI_FAMILY - Ranch - Lehigh Acres, FL

    Type:Single Family Residence
    Property size:
    1,728 SF
    Lot size:
    0.25 Acres
    Added:
    Apr 8, 2026
    Days on Market:
    57
    Last Refresh:
    Jun 3 at 9:06 pm

    Property Features for 2924 5th Street SW

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Property condition
    Under Construction
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 3, Dining Room
    Parking features
    Open, Garage
    Security features
    Security
    Patio and Porch features
    Patio, Porch
    Pets allowed
    Yes
    Interior features
    BuiltInFeatures, BedroomOnMainLevel, DualSinks, KitchenIsland, LivingDiningRoom, CustomMirrors, Pantry, ShowerOnly, SeparateShower, CableTv, SplitBedrooms
    Exterior features
    SecurityHighImpactDoors, SprinklerIrrigation, OutdoorKitchen, Patio, RoomForPool
    Appliances
    Freezer, Microwave, Range, Refrigerator, WaterSoftener
    Standard status
    Pending
    APN
    36-44-26-L1-03018.0140
    Size
    1,728 SF
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LEHIGH ACRES UNIT 3 BLK.18 PB 15 PG 92 LOT 14
    Tax Annual Amount
    520

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air, Ceiling Fan(s)
    Water source
    Well

    Building Details

    Year built
    2026
    Floors in Building
    1
    Flooring type
    Tile
    Building materials
    Block, Concrete, Stucco
    Roof type
    Shingle
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Bryan Rojas

    Listing agent Bryan Rojas License #258032286

    Listing office Starlink Realty, Inc 5288 Summerlin Commons Way, Fort Myers, FL

    Listing date Apr 8, 2026

    MLS# 2026014839 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.

    HighLights

    • Potential In‑Law Suite/Rental Income: Garage easily converts to a private living space for family or rental income.
    • Prime Location: VIP location in a fast‑growing area of Lehigh Acres, offering both convenience and privacy.
    • Brand New Construction: Built in 2026 with modern finishes and a contemporary feel.
    • Outdoor Kitchen: Features a built‑in outdoor kitchen, perfect for entertaining.
    • Flexible Layout: Open layout suitable for first‑time buyers, investors, or multigenerational living.
    • Desirable Features: Includes automatic sprinkler system, high ceilings, kitchen island, and security impact doors.

    Overview

    This new construction property offers 1,728 square feet of living space under air conditioning. The flexible design allows the garage space to function as a private in-law suite, gym, game room, or rental opportunity. The property features a bright, open layout with modern finishes, high ceilings, and a contemporary feel throughout. An outdoor kitchen and automatic sprinkler system are included. Situated in a prime location within one of the fastest-growing areas of Lehigh Acres, the property offers both convenience and privacy. The 0.25-acre lot provides ample outdoor space. This property is suitable for first-time buyers, investors, or multigenerational living.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $40.2k $23.28
    − Vacancy −$1.7k −$0.98
    EGI $38.5k $22.30
    − OpEx −$17.3k −$10.04
    NOI $21.2k $12.27
    1,728 SF · lease $23.28/SF/yr · vacancy 4.20% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $302.8K
    $265.0K – $353.3K (±1% cap)
    NOI $21,196 @ 7.0% cap · market cap 5.73%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $543.9K
    $475.9K – $634.5K (±1% cap)
    NOI $38,071 @ 7.0% cap · market cap 10.29%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lehigh Acres
    County
    Lee
    State
    Florida
    Longitude
    -81.675727
    Latitude
    26.6088

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    FAQs

    What type of property is this?
    Single family property - New construction with in-law suite potential in Lehigh Acres.
    Where is this single family property located?
    The property is located at 2924 5th Street SW Lehigh Acres, FL.
    What is the asking price?
    The asking price for this property is $369,900.
    What are key features of this property?
    This property features: Potential In‑Law Suite/Rental Income: Garage easily converts to a private living space for family or rental income.; Prime Location: VIP location in a fast‑growing area of Lehigh Acres, offering both convenience and privacy.; Brand New Construction: Built in 2026 with modern finishes and a contemporary feel.
    (786) 878-4108
    We can help!
    Listing Contact
    Bryan Rojas
    Real Estate License ID: 258032286
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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.

    More about this property
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