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

    4702 Rita Ave N, Unit 2 Lehigh Acres, FL 33971

    View on Map
    Sponsored
    For Sale
    Contact for pricing

    LAND - LEHIGH ACRES, FL

    Lot size:
    0.25 Acres
    Days on Market:
    22
    Last Refresh:
    Mar 10 at 10:06 am

    Property Features for 4702 Rita Ave N

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RS-1
    APN
    11-44-26-L4-08074.0020
    Lot size
    0.25 Acres

    We can help!

    Listing Contact
    Patrick Anson
    Patrick Anson

    William Raveis Real Estate (239) 293-6225

    Listing agent Patrick Anson (239) 231-3380

    Listing date Feb 16, 2026

    MLS# 226003680 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.

    Learn more

    Property Insight Report

    Overview

    Lehigh Acres Buildable Vacant Lot

    This vacant lot is located in Lehigh Acres, Florida. The buildable property is situated in a peaceful, fast-growing area surrounded by new homes. The lot is not in a flood zone and has no HOA restrictions. It is approximately 0.25 acres. The property is close to schools, shopping, dining, and major roadways. It is located in one of Southwest Florida's fastest-growing markets. The zoning is RS-1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Food Market Accounting Firm HVAC Service Bakery

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

    Location Insight

    • Map
    • Local Demand
    City
    Lehigh Acres
    County
    Lee
    State
    Florida
    Longitude
    -81.687093
    Latitude
    26.659099

    Nearby Similar for Sale

    • $1,000,000
      3,850 SF

      Lehigh Acres Commercial Property

      Versatile commercial space suitable for church or community organization.
      300 Leonard Blvd N, Lehigh Acres, FL 33971
      View Details
    • New
      $1,500,000
      4,300 SF

      Auto Repair Business For Sale

      Auto repair business with property on high-traffic Gunnery Road.
      336 Gunnery Rd S, Lehigh Acres, FL 33973
      View Details
    • $1,600,000
      7,800 SF

      Lehigh Acres Industrial Warehouse

      Industrial warehouse with office space in Westgate Industrial Park.
      5605 2Nd St W, Lehigh Acres, FL 33971
      View Details
    • $429,900
      0.29 Acres

      Lehigh Acres Duplex with Upgrades

      Upgraded duplex in Lehigh Acres with immediate occupancy potential.
      4613/4615 29Th St SW, Lehigh Acres, FL 33973
      View Details
    • New
      $369,000
      Pending

      Lehigh Acres Duplex with Upgrades

      Duplex in Lehigh Acres with new roof and appliances.
      5321-5323 28Th St SW, Lehigh Acres, FL 33973
      View Details
    • $550,000
      3,568 SF

      New Duplex in Lehigh Acres

      New construction duplex with strong rental potential, ready for occupancy.
      109/111 Harry Ave S, Lehigh Acres, FL 33973
      View Details
    • $460,000
      0.29 Acres

      New Duplex in Lehigh Acres

      Modern duplex in a growing community, ideal for investors.
      4675/4677 Golfview Blvd, Lehigh Acres, FL 33973
      View Details
    • $360,000
      0.29 Acres

      Lehigh Acres Duplex Opportunity

      Well-maintained duplex in Lehigh Acres with income potential.
      124 Ivan Ave S, Lehigh Acres, FL 33973
      View Details
    • $534,999
      0.24 Acres

      New Duplex in Lehigh Acres

      Modern duplex with den, quartz countertops, and no HOA.
      209-211 W 12Th St, Lehigh Acres, FL 33972
      View Details
    • $390,000
      2,204 SF

      Updated Duplex in Lehigh Acres

      Well-maintained duplex with recent updates and strong rental income.
      2238 Fairway Dr, Lehigh Acres, FL 33973
      View Details
    • $484,900
      2,694 SF

      New Duplex in Lehigh Acres

      Brand-new duplex, ideal for investors or owner-occupants seeking rental income.
      912-914 Ainsworth St W, Lehigh Acres, FL 33974
      View Details
    • New
      $509,900
      Pending

      New Lehigh Acres Duplex

      Move-in ready duplex in a rapidly growing Lehigh Acres area.
      322-324 Poplar St, Lehigh Acres, FL 33974
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Vacant lot in a fast-growing area, ideal for building.
    Where is this residential land & home lot located?
    The property is located at 4702 Rita Ave N, Unit 2 Lehigh Acres, FL.
    What is the asking price?
    The asking price for this property is $17,500.
    What are key features of this property?
    This property features: - Buildable lot in a fast-growing area of Lehigh Acres surrounded by new homes.; - Not in a flood zone, providing peace of mind.; - No HOA restrictions, offering flexibility.
    (315) 857-3498
    Request Owner's contact information
    4702 Rita Ave N, Unit 2 Lehigh Acres, FL 33971
    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.
    4702 Rita Ave N, Unit 2
    Lehigh Acres, FL 33971
    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
    4702 Rita Ave N, Unit 2 Lehigh Acres, FL 33971
    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

    We can help!
    Listing Contact
    Patrick Anson
    Patrick Anson
    Real Estate License ID: NAPLES-249530854
    (315) 857-3498 (239) 231-3380
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!