Church Facility with Flex
For Sale
$1,000,000
Pending
300 Leonard Boulevard N, Lehigh Acres, FL 33971
CommercialSale, Lehigh Acres, FL
Property Size3,850 SF
Lot Size0.65 Acres
Days on Market355
Property Features for 300 Leonard Boulevard N
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
IL
Fencing
Fenced
Directions
GPS
Subdivision
LA05 - West Lehigh Acres
Standard status
Pending
APN
30-44-26-09-00000.0001
Lot size
0.65 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LEONARD INDUSTRIAL CENTER DESC IN INST#2007-19913 UNIT 1
Tax Annual Amount
168
Legal Description
LEONARD INDUSTRIAL CENTER DESC IN INST#2007-19913 UNIT 1
Amenities
electronic security gate
on-site security system
pylon signage
Building Details
Year built
2007
Floors in Building
1
Listing Agency:
RE/MAX Trend
(239) 541-1661
Listed By:
Maria Rose · License #258030267
(239) 470-8632
Added: Sep 9, 2025
Changed: Aug 19
Last Checked: Aug 29 at 7:06PM
MLS# 2025017876
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.
Investment Insights
Based on property information with market context.
This church facility occupies approximately 3,850 square feet formed by joining two units within a multi-unit industrial complex built in 2007. The interior is arranged around a large open area suited to worship services or assemblies, with a small office and private restroom providing supporting functional space. The configuration can accommodate continued religious use or other community-oriented operations supported by the existing layout.
The property includes a fenced lot, electronic security gate, on-site security system, and pylon signage positioned for street visibility. Located at 300 Leonard Boulevard N in Lehigh Acres, the site is near I-75, Lee Blvd, Westgate Blvd, and Leonard Blvd N, with access to North and South Fort Myers and surrounding areas.
The property includes a fenced lot, electronic security gate, on-site security system, and pylon signage positioned for street visibility. Located at 300 Leonard Boulevard N in Lehigh Acres, the site is near I-75, Lee Blvd, Westgate Blvd, and Leonard Blvd N, with access to North and South Fort Myers and surrounding areas.
Key Highlights
- Approximately 3,850 Sqft configured by combining two units
- Open main area for worship services or assemblies
- Small office and private restroom included
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
1
Office units
Multi-tenant
Tenancy
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 - Adaptable worship and assembly space includes a private office, restroom, controlled access, and visible pylon signage.
Where is this church & religious facility located?
The property is located at 300 Leonard Boulevard N 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: Approximately 3,850 Sqft configured by combining two units; Open main area for worship services or assemblies; Small office and private restroom included
