New Construction
For Sale
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1010-1012 Gerald Ave, Lehigh Acres, FL 33936
Matching residential units offer private garages, dens, contemporary finishes, and impact-rated windows and doors.
Property Size2,398 SF
Lot Size0.25 Acres
Price / SF$208.09
Days on Market71
Property Features for 1010-1012 Gerald Ave
General Information
Standard status
Active
Size
2,398 SF
Total Parking Spaces
2
Lot size
0.25 Acres
Property subtype
Multifamily
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$28,492
Financials
Asking Price
$499,000
Gross Income
$39,600
Amenities
tile floors
quartz countertops
stainless steel appliances
impact windows and doors
Building Details
Year Built
2025
Buildings
1
Units
2
Tenancy
Multi
Listing Agency:
Verawood Properties
Listed By:
Jorge Mata · License #FL 3386452
Source:
Crexi
Added: Jul 30
Changed: Sep 24
Last Checked: Oct 7 at 11:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Verawood Properties
Investment Insights
Based on property information with market context.
Built in 2025, this duplex contains two matching residential units with 1,199 SF of living area apiece. Each layout includes 2 bedrooms, 2 full bathrooms, a den, and a private one-car garage. Tile flooring, quartz countertops, stainless steel appliances, and impact windows and doors provide a consistent finish package throughout the property.
The duplex occupies a 0.25-acre lot at 1010-1012 Gerald Ave in Lehigh Acres, Florida. Well water and septic serve the property, and there is no HOA. Both units are currently leased under twelve-month terms beginning August 1, 2026. The units have not previously been occupied.
The duplex occupies a 0.25-acre lot at 1010-1012 Gerald Ave in Lehigh Acres, Florida. Well water and septic serve the property, and there is no HOA. Both units are currently leased under twelve-month terms beginning August 1, 2026. The units have not previously been occupied.
Key Highlights
- Two‑unit duplex completed in 2025
- Each unit provides 1,199 SF with 2 bedrooms, 2 full bathrooms, and a den
- Private one‑car garage assigned to each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,741
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,820
$634.8K
Cap Rate 7%
$453,443
$453.4K
Cap Rate 9%
$352,678
$352.7K
Market Conditions
NOI Build-Up for 2,398 SF
Gross rent
$47.5K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$45.3K $18.91/SF
− OpEx
−$13.6K −$5.67/SF
NOI
$31.7K $13.24/SF
Area
Lee County, FL
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,820
Cap Rate 7%
$453,443
Cap Rate 9%
$352,678
Alternative Uses
Best Use
Multifamily LT 5
$453.4K
$396.8K – $529.0K
NOI $31,741 @ 7.0% cap · market cap 6.36%
Second Best
Apartment 5plus
$420.2K
$367.7K – $490.2K
NOI $29,414 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$754.8K
$660.4K – $880.6K
NOI $52,833 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
Explore this area
Business Placement
Demographics for 33936, FL
24,051
Population
10,820
Households
2.2
Avg Household Size
45
Median Age
14%
College-Educated
78%
High-School Grad
36.1 sq mi
ZIP Area
666
Density / Sq Mi
$48,260
Median Household Income
$27,363
Median Earnings
$1,260
Median Rent
$205,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Matching residential units offer private garages, dens, contemporary finishes, and impact-rated windows and doors.
Where is this duplex located?
The property is located at 1010-1012 Gerald Ave Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two‑unit duplex completed in 2025; Each unit provides 1,199 SF with 2 bedrooms, 2 full bathrooms, and a den; Private one‑car garage assigned to each unit
