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    838 Worth Avenue S Lehigh Acres, FL 33974

    View on Map
    Picture of Residential land & home lots at 838 Worth Avenue S, Lehigh Acres, FL
    For Sale
    $35,000

    COMMERCIAL - Lehigh Acres, FL

    Lot size:
    0.24 Acres
    Added:
    Nov 5, 2025
    Days on Market:
    148
    Last Refresh:
    Apr 2 at 5:06 am

    Property Features for 838 Worth Avenue S

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    21-45-27-L3-15098.0070
    Lot size
    0.24 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxDescription
    LEHIGH ACRES UNIT 15 BLK.98 PB 18 PG 68 LOT 7
    TaxAnnualAmount
    378

    We can help!

    Listing Contact
    Eric Conley
    Eric Conley

    Listing agent Eric Conley License #659568315

    Listing office LPT Realty, LLC 1400 S International Parkw, Lake Mary, FL

    Listing date Nov 5, 2025

    MLS# 2025018930

    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.

    Overview

    Lehigh Acres Duplex Lot Package

    This offering presents an investment and development opportunity in Southwest Florida's rental market. The listing includes ten duplex lots being sold together as a package, though each lot can be sold individually. Zoned RM-2 & C-2 (Residential/ Commercial Multi-Family), the lots are suited for constructing income-producing duplex homes. This setup is ideal for builders, investors, or developers aiming to establish a scalable rental or resale portfolio. The parcels are located in a residential neighborhood surrounded by new multi-family builds, with access to State Road 82, Gunnery Rd S, and Homestead Rd, facilitating commutes to Fort Myers, Cape Coral, and employers throughout Lee County. Paved roads, nearby utilities (LCEC power / well & septic area), and consistent development activity characterize this area of Lehigh Acres for new duplex construction. There are no HOA or deed restrictions. The location is near schools, shopping, and parks, and minutes from the SR 82 corridor with access to I-75 and Southwest Florida International Airport. This package suits builders planning multiple units, 1031-exchange investors, or rental portfolio expansion.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Auto Repair Shop Food Market Accounting Firm (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lehigh Acres
    County
    Lee
    State
    Florida
    Longitude
    -81.619038
    Latitude
    26.543409

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    FAQs

    What type of property is this?
    Residential land & home lot - Ten duplex-zoned lots for sale in Lehigh Acres, Florida.
    Where is this residential land & home lot located?
    The property is located at 838 Worth Avenue S Lehigh Acres, FL.
    What is the asking price?
    The asking price for this property is $35,000.
    What are key features of this property?
    This property features: Ten duplex‑zoned lots being sold together as a package, offering a scalable investment opportunity.; Located in a high‑growth area of Lehigh Acres with strong rental demand.; Zoned RM‑2 & C‑2 (Residential/ Commercial Multi‑Family), allowing for flexible development options.
    (239) 203-4233
    We can help!
    Listing Contact
    Eric Conley
    Eric Conley
    Real Estate License ID: 659568315
    Learn More
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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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