Sign Up Successful!
You now have access to more from Realmo!
    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

    5040/5042 Locke Ln Lehigh Acres, FL 33973

    Sponsored
    Picture of Residential land & home lots at Locke Ln 5040/5042, Lehigh Acres, FL
    For Sale
    $89,900

    LAND - Lehigh Acres, FL

    Lot size:
    0.30 Acres
    Days on Market:
    237
    Last Refresh:
    Feb 2 at 12:06 pm

    Property Features for 5040/5042 Locke Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Vegetation
    Brush
    APN
    32-44-26-09-00001.0300
    Lot size
    0.30 Acres

    Utilities

    Sewer type
    Septic Tank
    Water source
    Well

    We can help!

    Listing Contact
    Bertrand Choute

    Optimum Investments Group LLC (239) 265-0653

    Listing agent Bertrand Choute (239) 265-0653 License #258016112

    Listing date Jun 11, 2025

    MLS# 224042464

    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.

    Learn more

    Property Insight Report

    Overview

    Lehigh Acres Duplex Lot

    This duplex lot is situated in a quiet area with ongoing new construction. It is conveniently located near shopping centers, restaurants, churches, Gateway Elementary School, Gateway High School, Gateway Charter School, Lehigh Regional Medical Center, Southwest Florida International Airport, Gulf Coast Medical Center, and Florida Gulf Coast University. The property is approximately 25 minutes from Fort Myers Beach, Florida. The lot size is 0.3 acres and is located in Lehigh Acres, Florida.
    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 Gym & Fitness Center Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lehigh Acres
    County
    Lee
    State
    Florida
    Longitude
    -81.738792
    Latitude
    26.6132

    Nearby Similar for Sale

    • $509,999
      0.28 Acres

      New Lehigh Acres Duplex Investment

      New duplex in Lehigh Acres projected to generate $50,000 annually.
      4956/4958 Leonard Blvd S, Lehigh Acres, FL 33973
      View Details
    • $529,900
      0.29 Acres

      New Duplex in Lehigh Acres

      Modern duplex with high-end finishes and hurricane impact windows.
      4648/4650 Leonard Blvd S, Lehigh Acres, FL 33973
      View Details
    • $447,000
      1,974 SF

      Lehigh Acres Duplex Investment Property

      Renovated duplex in Lehigh Acres with tenant in place.
      2436-2438 Joe Ave S, Lehigh Acres, FL 33973
      View Details
    • $525,000
      0.29 Acres

      Lehigh Acres Multi-Family Home

      Charming multi-family home with investment potential in Lehigh Acres, FL.
      4630 27Th St SW, Lehigh Acres, FL 33973
      View Details
    • New
      $565,000
      0.32 Acres

      Lehigh Acres Modern Duplex

      Modern duplex in Lehigh Acres with high rental income potential.
      918 Eisenhower Blvd, Lehigh Acres, FL 33974
      View Details
    • New
      $494,000
      0.29 Acres

      New Lehigh Acres Duplex

      Brand-new duplex in Lehigh Acres, perfect for investors or homeowners.
      912-914 Ainsworth St W, Lehigh Acres, FL 33974
      View Details
    • New
      $394,900
      0.25 Acres

      Lehigh Acres Duplex: Income Potential

      Income-producing duplex with recent roof, spacious units, great location.
      461/463 Loretta Ave S, Lehigh Acres, FL 33974
      View Details
    • New
      $499,900
      2,398 SF

      New Duplex on Corner Lot

      Move-in ready duplex in Lehigh Acres, ideal for investors.
      1110-1112 Eisenhower Blvd, Lehigh Acres, FL 33974
      View Details
    • $1,495,000
      1.88 Acres

      Large Commercial Property on Homestead

      Spacious commercial property in Lehigh Acres' central business district.
      15 Homestead Rd S, Lehigh Acres, FL 33936
      View Details
    • $575,000
      0.30 Acres

      Lehigh Acres Duplex For Sale

      Duplex in Lehigh Acres featuring upgrades and investment potential.
      4417-4419 22Nd St SW, Lehigh Acres, FL 33973
      View Details
    • $465,000
      0.29 Acres

      Lehigh Acres Duplex For Sale

      Duplex with 3 bedrooms/2 baths, garage, and screened lanai.
      1512-1514 Haviland Ave S, Lehigh Acres, FL 33973
      View Details
    • $539,999
      0.29 Acres

      New Lehigh Acres Duplex

      New 6-bedroom, 4-bathroom duplex in Lehigh Acres, Florida.
      4709/4711 21St St SW, Lehigh Acres, FL 33973
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Duplex lot in quiet area, close to amenities and schools.
    Where is this residential land & home lot located?
    The property is located at 5040/5042 Locke Ln Lehigh Acres, FL.
    What is the asking price?
    The asking price for this property is $89,900.
    What are key features of this property?
    This property features: - Convenient Location: Close to shopping, restaurants, churches, and essential services.; - New Construction Area: Situated in a developing area with many new homes.; - Educational Access: Near Gateway Elementary School, Gateway High School, and Gateway Charter School.
    (239) 265-0653
    Request Owner's contact information
    5040/5042 Locke Ln Lehigh Acres, FL 33973
    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.
    5040/5042 Locke Ln
    Lehigh Acres, FL 33973
    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
    5040/5042 Locke Ln Lehigh Acres, FL 33973
    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
    Bertrand Choute
    Real Estate License ID: 258016112
    (239) 265-0653
    Learn more
    Google sign-in failed. Please try again or use another login method.