Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    646/648 Grant Blvd, Lehigh Acres, FL 33974

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Duplexes

    Type:Multifamily
    Property size:
    2,480 SF
    Price / SF:
    $201/SF
    Added:
    Jan 27, 2026
    Days on Market:
    126
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 646/648 Grant Blvd

    General Information

    Standard status
    Active
    Size
    2,480 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    2025

    We can help!

    Listing Contact
    Igor DAVIDOVICH

    Listing agent Igor DAVIDOVICH License #FL

    Listing office Top Realty Group ofFlorida LLC

    Listing date Jan 27, 2026

    Source Crexi

    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 Top Realty Group ofFlorida LLC

    HighLights

    • Brand new duplex (built in 2025) with 2‑10 year warranty.
    • Income potential: Each side can be rented for $1700-$1900 per month.
    • Hurricane windows: No need for shutters.
    • Each side features three bedrooms, two bathrooms, and a one‑car garage.
    • Modern features: Quartz countertops, updated LED lighting, and tile flooring throughout.
    • Convenient location: Central Lehigh location close to schools, shopping, and travel.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $40.2k $16.20
    − Vacancy −$2.5k −$1.00
    EGI $37.7k $15.20
    − OpEx −$11.3k −$4.56
    NOI $26.4k $10.64
    2,480 SF · lease $16.20/SF/yr · vacancy 6.17% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $377.0K
    $329.9K – $439.8K (±1% cap)
    NOI $26,388 @ 7.0% cap · market cap 5.28%
    Second Best
    Apartment 5plus
    $327.9K
    $287.0K – $382.6K (±1% cap)
    NOI $22,956 @ 7.0% cap · market cap 4.59%
    Theoretical Best
    Specialty Retail
    $954.7K
    $835.4K – $1.11M (±1% cap)
    NOI $66,831 @ 7.0% cap · market cap 13.37%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lehigh Acres
    County
    Lee
    State
    Florida
    Longitude
    -81.61694
    Latitude
    26.57471

    Nearby Similar for Sale

    • $1,500,000
      4,300 SF

      Auto Repair Business For Sale

      Auto repair business with property on high-traffic Gunnery Road.
      336 Gunnery Road S, Lehigh Acres, FL 33973
      View Details
    • $519,000
      3,226 SF

      Lehigh Acres Upgraded Duplex

      Spacious duplex with upgraded finishes, ideal for investment or living.
      4711 27th St SW, LEHIGH ACRES, FL 33973
      View Details
    • $375,000
      2,218 SF

      Lehigh Acres Duplex Investment Opportunity

      Duplex in Lehigh Acres with strong income potential.
      1522 E 12th Street, Lehigh Acres, FL 33972
      View Details
    • $1,000,000

      Lehigh Acres Commercial Property

      Versatile commercial space suitable for church or community organization.
      300 Leonard Boulevard N, Lehigh Acres, FL 33971
      View Details
    • $435,000
      3,511 SF

      Spacious Multi-Generational Home

      Six-bedroom, four-bath home with multi-generational design on half-acre lot.
      521 Grant Avenue, Lehigh Acres, FL 33972
      View Details
    • $509,999
      2,400 SF

      New Lehigh Acres Income Property

      New duplex in Lehigh Acres with high-end finishes.
      5119 24th St SW, LEHIGH ACRES, FL 33973
      View Details
    • $515,000
      3,568 SF

      New Duplex with Income Potential

      Modern duplex in Lehigh Acres with strong income potential.
      4561 Golfview Boulevard W, Lehigh Acres, FL 33973
      View Details
    • $1,600,000
      7,800 SF

      Lehigh Acres Industrial Warehouse

      Industrial warehouse with office space in Westgate Industrial Park.
      5605 2nd Street W, Lehigh Acres, FL 33971
      View Details
    • $550,000
      3,360 SF

      New Lehigh Acres Duplex

      New construction duplex with high income potential in Lehigh Acres.
      4429-4431 28th St SW, LEHIGH ACRES, FL 33973
      View Details
    • $542,999
      1,600 SF

      New Construction Duplex in Lehigh

      New construction duplex with modern design, ideal for investors.
      609 E 12th Street, Lehigh Acres, FL 33972
      View Details
    • $475,000
      1,199 SF

      New Duplex Investment Opportunity

      Brand-new duplex with high-end finishes, ideal for investors.
      1400/1402 W 12th Street, Lehigh Acres, FL 33972
      View Details
    • $529,900
      2,396 SF

      New Duplex in Lehigh Acres

      New construction duplex with attractive financing and income potential.
      2208-2210 WAYNE Avenue S, Lehigh Acres, FL 33973
      View Details

    FAQs

    Where is this duplex located?
    The property is located at 646/648 Grant Blvd Lehigh Acres, FL.
    What is the asking price?
    The asking price for this property is $499,800.
    What are key features of this property?
    This property features: Brand new duplex (built in 2025) with 2‑10 year warranty.; Income potential: Each side can be rented for $1700-$1900 per month.; Hurricane windows: No need for shutters.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Igor DAVIDOVICH
    Real Estate License ID: FL
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    646/648 Grant Blvd, Lehigh Acres, FL 33974
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!