New Construction
For Sale
$539,900
Pending
1111/1113 CIRCLE DR, Lehigh Acres, FL 33973
Two attached residences offer upgraded finishes, private living spaces, and convenient access toward Fort Myers.
Property Size2,392 SF
Lot Size0.41 Acres
Days on Market558
Property Features for 1111/1113 CIRCLE DR
General Information
Standard status
Pending
Size
2,392 SF
Lot size
0.41 Acres
Property subtype
Duplex
Site & Location
Neighborhood
37feb17f-86df-4ec0-97d6-70e4e55782ee
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$766
Building Details
Building Size
2,392 SF
Year Built
2025
Buildings
1
Listing Agency:
MGR Realty Services, Inc.
Listed By:
Katia Pazo · License #258023860
(239) 289-4312
Source:
Kwelevate
Added: Apr 23, 2025
Changed: Oct 31
Last Checked: Oct 30 at 11:51PM
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 MGR Realty Services, Inc.
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Investment Insights
Based on property information with market context.
Completed in 2025, this duplex contains two residences with matching layouts. Each side provides 1,196 square feet of living area and 1,640 square feet of total area, with three bedrooms and two bathrooms. The combined property size is 2,392 square feet on 0.41 acres. A certificate of occupancy was issued 06/11/2025.
Interior features include porcelain tile flooring, stainless steel appliances, quartz countertops, wood cabinetry, dual sinks in each primary bathroom, and walk-in primary closets. Tray ceilings add detail to the living rooms, dining rooms, and primary bedrooms, while the floor plan provides a spacious residential configuration.
The property is located at 1111/1113 Circle Dr, Lehigh Acres, FL 33973, with access toward Fort Myers. The site is identified as not being in a flood zone.
Interior features include porcelain tile flooring, stainless steel appliances, quartz countertops, wood cabinetry, dual sinks in each primary bathroom, and walk-in primary closets. Tray ceilings add detail to the living rooms, dining rooms, and primary bedrooms, while the floor plan provides a spacious residential configuration.
The property is located at 1111/1113 Circle Dr, Lehigh Acres, FL 33973, with access toward Fort Myers. The site is identified as not being in a flood zone.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- Each side includes 1,196 SF of living area and 1,640 SF of total area
- Combined property size is 2,392 square feet on 0.41 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,415
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$868,300
$868.3K
Cap Rate 7%
$620,214
$620.2K
Cap Rate 9%
$482,389
$482.4K
Market Conditions
NOI Build-Up for 3,280 SF
Gross rent
$64.9K $19.80/SF
− Vacancy
−$2.9K −$0.89/SF
EGI
$62.0K $18.91/SF
− OpEx
−$18.6K −$5.67/SF
NOI
$43.4K $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%
$868,300
Cap Rate 7%
$620,214
Cap Rate 9%
$482,389
Alternative Uses
Best Use
Multifamily LT 5
$620.2K
$542.7K – $723.6K
NOI $43,415 @ 7.0% cap · market cap 8.04%
Second Best
Apartment 5plus
$574.8K
$502.9K – $670.6K
NOI $40,233 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$1.03M
$903.3K – $1.20M
NOI $72,265 @ 7.0% cap · market cap 13.38%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
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Business Placement
Demographics for 33973, FL
12,728
Population
4,286
Households
3
Avg Household Size
28
Median Age
11%
College-Educated
81%
High-School Grad
3.8 sq mi
ZIP Area
3,349
Density / Sq Mi
$57,216
Median Household Income
$34,676
Median Earnings
$1,432
Median Rent
$334,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two attached residences offer upgraded finishes, private living spaces, and convenient access toward Fort Myers.
Where is this duplex located?
The property is located at 1111/1113 CIRCLE DR Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; Each side includes 1,196 SF of living area and 1,640 SF of total area; Combined property size is 2,392 square feet on 0.41 acres
