Church Facility with Assembly
For Sale
$1,000,000
Pending
300 Leonard Blvd N Unit 1-2, Lehigh Acres, FL 33971
Flexible interior includes an assembly area, private restroom, and office within a secured industrial center.
Property Size3,850 SF
Days on Market238
Property Features for 300 Leonard Blvd N Unit 1-2
General Information
Standard status
Pending
Size
3,850 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Amenities
electronic security gate
on-site security system
pylon signage
Building Details
Year Built
2007
Listing Agency:
RE/MAX Trend
(239) 470-8632
Listed By:
Maria Rose · License #258030267
Source:
Naplesareapropertysearch
Added: Jan 3
Changed: Aug 28
Last Checked: Aug 29 at 10:38AM
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 RE/MAX Trend
Investment Insights
Based on property information with market context.
This 3,850-square-foot church facility occupies two combined units in the Leonard Industrial Center. The interior is arranged around a large open area for worship or assembly, with a small office and private restroom. Built in 2007, the property provides a functional setting for continued religious use, community programming, or ownership by an investor.
The site at 300 Leonard Blvd N Unit 1-2 in Lehigh Acres includes a fenced lot, electronic security gate, on-site security system, and pylon signage visible from the street. Access to I-75 and nearby Lee Blvd, Westgate Blvd, and Leonard Blvd N connects the property with North Fort Myers, South Fort Myers, and surrounding areas.
The site at 300 Leonard Blvd N Unit 1-2 in Lehigh Acres includes a fenced lot, electronic security gate, on-site security system, and pylon signage visible from the street. Access to I-75 and nearby Lee Blvd, Westgate Blvd, and Leonard Blvd N connects the property with North Fort Myers, South Fort Myers, and surrounding areas.
Key Highlights
- 3,850 Sqft facility formed by combining two units
- Open main area configured for worship services or assemblies
- Includes a small office and private restroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,117
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$842,340
$842.3K
Cap Rate 7%
$601,671
$601.7K
Cap Rate 9%
$467,967
$468.0K
Market Conditions
NOI Build-Up for 3,850 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$69.3K $18.00/SF
− Vacancy
−$4.5K −$1.17/SF
EGI
$64.8K $16.83/SF
− OpEx
−$22.7K −$5.89/SF
NOI
$42.1K $10.94/SF
Area
Lee County, FL
Vacancy
6.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$842,340
Cap Rate 7%
$601,671
Cap Rate 9%
$467,967
Alternative Uses
Best Use
Flex RnD
$601.7K
$526.5K – $702.0K
NOI $42,117 @ 7.0% cap · market cap 4.21%
Second Best
Industrial
$502.1K
$439.3K – $585.8K
NOI $35,145 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,823 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
Explore this area
Business Placement
Demographics for 33971, FL
26,333
Population
8,802
Households
3
Avg Household Size
33
Median Age
15%
College-Educated
85%
High-School Grad
17.0 sq mi
ZIP Area
1,549
Density / Sq Mi
$72,784
Median Household Income
$38,898
Median Earnings
$1,678
Median Rent
$271,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Church & religious facility - Flexible interior includes an assembly area, private restroom, and office within a secured industrial center.
Where is this church & religious facility located?
The property is located at 300 Leonard Blvd N Unit 1-2 Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 3,850 Sqft facility formed by combining two units; Open main area configured for worship services or assemblies; Includes a small office and private restroom
