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    Lehigh Acres Duplex Investment Property Title is generated by Realmo AI

    385/387 Carrillon Avenue S, Lehigh Acres, FL 33974

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    Pending
    $399,999

    MULTI_FAMILY - Other - Lehigh Acres, FL

    Lot size:
    0.29 Acres
    Added:
    Apr 3, 2026
    Days on Market:
    43
    Last Refresh:
    May 15 at 7:06 am

    Property Features for 385/387 Carrillon Avenue S

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Bathroom 4, Bedroom 6, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 3, Bedroom 5
    Patio and Porch features
    Patio
    Pets allowed
    Yes
    Exterior features
    Fence, SprinklerIrrigation, Patio
    Fencing
    Fenced
    Appliances
    WaterSoftener, WaterPurifier
    Standard status
    Pending
    APN
    09-45-27-L3-02007.0040
    Lot size
    0.29 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LEHIGH ACRES UNIT 2 BLK 7 PB 27 PG 181 LOT 4
    Tax Annual Amount
    5391

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air, Ceiling Fan(s)
    Water source
    Well

    Building Details

    Year built
    2015
    Number of units
    2
    Flooring type
    Wood, Tile
    Building materials
    Block, Concrete, Stucco
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Moe Mossa
    Moe Mossa

    Listing agent Moe Mossa License #496503916

    Listing office Savvy Avenue, LLC 5004 E FOWLER AVE C-505, Maple Grove, FL

    Listing date Apr 3, 2026

    MLS# 2026015374 Listing URL

    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.

    HighLights

    • Turnkey duplex with long‑term tenants providing immediate and consistent cash flow.
    • Standing Seam Metal Roof (Installed 2023) and accordion shutters provide hurricane protection.
    • No HOA and not in a flood zone, eliminating HOA fees and flood insurance costs.
    • Spacious layout with 3 bedrooms and 2 bathrooms per unit, plus a versatile den used as a 3rd bedroom.
    • Features stainless‑steel appliances, crown molding, custom cabinetry, tile and wood flooring.
    • Fully fenced backyard with expansive patio, offering outdoor space with potential for enclosure.

    Overview

    This turnkey duplex in Lehigh Acres presents a prime investment opportunity. Each side of the duplex features an open floor plan with three bedrooms and two bathrooms. A versatile den is currently utilized as a third bedroom. The property has been meticulously maintained, ensuring peace of mind for the next owner. Both units are occupied by long-term tenants, providing immediate and consistent cash flow. The units feature stainless-steel appliances, crown molding, custom cabinetry, and tile and wood flooring throughout. Convenient inside laundry room hookups are included. Hurricane protection is provided by a standing seam metal roof installed in 2023, plus accordion shutters for quick and easy storm preparation. The property includes a fully fenced backyard and an expansive patio that offers a great space for outdoor relaxation and is designed with the flexibility to be enclosed in the future. The property is conveniently located with easy access to SR 82 and Fort Myers. Situated on a 0.29-acre lot, the property is not located in a flood zone, offering additional cost savings as flood insurance is not required and has no HOA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Hair Salon Building Supply Auto Repair Shop Hotel & Motel Auto Parts Store Department Store Daycare Center HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Lehigh Acres
    County
    Lee
    State
    Florida
    Longitude
    -81.618257
    Latitude
    26.576169

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    FAQs

    What type of property is this?
    Duplex - Turnkey duplex in Lehigh Acres with long-term tenants.
    Where is this duplex located?
    The property is located at 385/387 Carrillon Avenue S Lehigh Acres, FL.
    What is the asking price?
    The asking price for this property is $399,999.
    What are key features of this property?
    This property features: Turnkey duplex with long‑term tenants providing immediate and consistent cash flow.; Standing Seam Metal Roof (Installed 2023) and accordion shutters provide hurricane protection.; No HOA and not in a flood zone, eliminating HOA fees and flood insurance costs.
    (888) 490-1268
    We can help!
    Listing Contact
    Moe Mossa
    Moe Mossa
    Real Estate License ID: 496503916
    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.

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