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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Medical Office Space
1120 Homestead N Rd Lehigh Acres, FL 33936-6044
Entity Owned
10-yr Hold
Free & Clear
Property ID
US18-3379074
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,126 SF
Lot
0.86 ac (37,500 SF)
Zoning code
C-2
APN
31-44-27-05-00006.30A0
UPID
US18-3379074
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
First Lee Marketing Advertising Agency Marketing & Advertising
-
MD Now Urgent Care - Lehigh Acres Medical Clinic
-
Bhisnauth Churaman Physician
-
Tel Mark Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$985k
Comparable Approach
Comparable
$702k
Blend (final)
Blend
$985k
Owner & transaction history
National Retail Properties LP · 10 yrs held
National Retail Properties LP
since 2015
5 recorded transactions
Zoning & alternative use
C-2 · Lehigh Acres, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lehigh Acres submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lehigh Acres submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,070,000
6.5%
$985,000
7%
$915,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,465,000
Current use
OFFICE BUILDING
$1,385,000
Change: -5% · Conversion: Easy
RETAIL STORES
$1,190,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$192 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$19,167
Tax year 2023
Assessed value
$1,615,725
Assessed 2023
Previous assessed
$1,398,526
+15.5% YoY
Effective rate
1.19%
On assessed value
Assessed land
$720,000
Assessed improvement
$895,725
Land market value
$720,000
Improvement market value
$895,725
Total market value
$1,615,725
Applied tax rate
48.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
5,126 SF
Lot
0.86 ac (37,500 SF)
Zoning code
C-2
APN
31-44-27-05-00006.30A0
UPID
US18-3379074
Jurisdiction
LEE
Zoning & alternative use
C-2 · Lehigh Acres, FL
Zoning C-2 · permitted uses
C-2 · Lehigh Acres, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lehigh Acres. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.2M
MEDICAL BUILDING Current
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
National Retail Properties LP
Entity
Free & Clear · 10 yrs held
Mailing address
450 S ORANGE AVE STE #900, ORLANDO, FL 32801-3339
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2015
$1,050,000
National Retail Properties LP
Crs Realty Solutions LLC
Grant Deed
—
Dec 26, 2013
$450,000
Twistee LLC
Regions Bk
Grant Deed
—
Jul 8, 2013
$100
Regions Bk
Wunderlich,susan S Coc
Trustees Deed
related
—
Mar 17, 2004
$495,000
Susan S Wunderlich
Pegas Corp
Grant Deed
$396,000 · Southern Community Bank Sw Fl
Aug 28, 1996
—
John M Morgan
—
Trustees Deed
related
$250,000 · Hendry Cty Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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