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Property profile & analytics
OFF-MARKET
Estimated value
$3,580,000
Strip malls
120 Homestead S Rd Lehigh Acres, FL 33936-7651
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-7737177
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,380 SF
Lot
2.55 ac (111,078 SF)
Zoning code
MPD
APN
05-45-27-00-00005.0050
UPID
US18-7737177
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
-
Pj’s Barber Shop
-
King Homes Construction Company General Contractor
-
King's Preferred Realty Real Estate Agency
-
Dollar Tree Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.73M
CAP Approach
CAP
$2.78M
Comparable Approach
Comparable
$3.95M
Blend (final)
Blend
$3.58M
Owner & transaction history
Lee Equity Group 1 LLC · 4 yrs held
Lee Equity Group 1 LLC
since 2021
Last sale
$3.6M
4 recorded transactions
Zoning & alternative use
MPD · 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
$3,480,000
ML approach
$3,730,000
CAP Approach
CAP Return
Estimation
6%
$3,010,000
6.5%
$2,780,000
7%
$2,580,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,890,000
Current use
MEDICAL BUILDING
$3,255,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$3.58M
Range $3.22M – $3.94M · ±10% · vs last sale $3.55M (Nov 22 2021)
Last sale anchor
$3.55M
Nov 22 2021
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
$315 / 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
$38,746
Tax year 2023
Assessed value
$3,569,611
Assessed 2023
Previous assessed
$2,285,808
+56.2% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,666,170
Assessed improvement
$1,903,441
Land market value
$1,666,170
Improvement market value
$1,903,441
Total market value
$3,569,611
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
11,380 SF
Lot
2.55 ac (111,078 SF)
Zoning code
MPD
APN
05-45-27-00-00005.0050
UPID
US18-7737177
Jurisdiction
LEE
Zoning & alternative use
MPD · Lehigh Acres, FL
Zoning MPD · permitted uses
MPD · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
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
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.55 ac
Current owner
From public records · entity-resolved
Lee Equity Group 1 LLC
Entity
Mailing address
15611 OLD WEDGEWOOD CT, FORT MYERS, FL 33908-7210
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2021
$3,550,000
Lee Equity Group 1 LLC
Homestead Retail Properties LLC
Special Warranty Deed
$2,662,500 · Finemark National Bank & Trust
Oct 14, 2019
—
Lee Cnty
Homestead Retail Prop LLC
Warranty Deed
—
May 16, 2019
—
Homestead Retail Prop LLC
—
Grant Deed
related
$2,350,000 · Capital Bk
Jan 30, 2018
$132,800
Homestead Retail Props LLC
Peach Reo LLC
Grant Deed
—
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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