Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1320 Business Way Lehigh Acres, FL 33936-6063
    Back to Search
    Property profile & analytics

    1320 Business Way, Lehigh Acres, FL 33936-6063

    View on Map
    • Hotels
    • 11,029 SF
    • 2.76 lot acres
    Off-Market
    Property ID
    US18-4173982
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $5,220,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lehigh Cavaliers Domino and Community Club / Association / Organization
    • El Tarasco Mexican Restaurant / Restaurant
    • Quality Inn & Suites Lehigh Acres Fort Myers / Hotel & Motel
    • vsvse llc / Gym & Fitness Center
    • Wiggins Corp / (Bike/Boat/Book/etc) Store

    Property Details for 1320 Business Way

    Year built
    2008
    Construction
    FRAME
    Lot size
    2.76 lot acres
    Zone code
    C-2
    Property type
    Hotels
    Property subtype
    Motels
    APN
    31-44-27-05-00009.006A
    APU
    3144270500009006A

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 17, 2022 — Ganesh Parvati II LLC — Deed · related $3.2M · One Florida Bank
    Aug 1, 2018 $3,150,000 Ganesh Parvati II LLC Justus Holdings LLC Warranty Deed —
    Apr 23, 2018 — Justus Holdings LLC Asperilla,marianito O Coc Trustees Deed · related —
    Jan 23, 2017 — Maple Two Dev Of Sw Florida LLC — Deed · related $2.7M · Montgomery Bk
    Oct 11, 2016 — Maple Two Dev Of Sw Florida LLC — Deed · related $950k · Montgomery Bk
    Oct 10, 2016 — Maple Two Dev Of Sw Florida LLC — Deed · related $2.8M · Montgomery Bk
    Jun 6, 2016 — Maple Two Dev Of Sw Florida LLC — Deed · related $2.8M · Montgomery Bk
    Nov 20, 2008 — Maple Two Dev Of Sw Florida LLC — Trustees Deed · related $400k · Montgomery Bank NA
    Jan 26, 2007 $1,675,000 Maple Two Development Of Sw Florida Maple Development Of Sw Florida LLC Warranty Deed —
    — — Maple Two Dev Of Sw Florida LLC — Loan Modification · related $2.9M · Montgomery Bk
    — — Maple Two Dev Of Sw Florida LLC — Deed Of Trust · related $400k · Montgomery Bank NA
    — — Maple Two Dev Of Sw Florida LLC — Deed Of Trust · related $4.9M · Montgomery Bank NA
    — — Maple Two Dev Of Sw Florida LLC — Loan Modification · related $100k · Montgomery Bk
    — — Maple Two Dev Of Sw Florida LLC — Loan Modification · related $2.8M · Montgomery Bk
    — — Maple Two Dev Of Sw Florida LLC — Loan Modification · related $950k · Montgomery Bk
    — — Maple Two Dev Of Sw Florida LLC — Loan Modification · related $2.7M · Montgomery Bk
    — — Maple Two Dev Of Sw Florida LLC — Loan Modification · related $950k · Montgomery Bk
    — — Maple Two Dev Of Sw Florida LLC — Loan Modification · related $2.9M · Montgomery Bank NA
    — — Maple Two Dev Of Sw Florida LLC — Deed Of Trust · related $4.9M · Montgomery Bank NA
    — — Maple Two Dev Of Sw Florida LLC — Loan Modification · related $950k · Montgomery Bk
    — — Maple Two Dev Of Sw Florida LLC — Loan Modification · related $100k · Montgomery Bk
    — — Maple Two Dev Of Sw Florida LLC — Loan Modification · related $2.8M · Montgomery Bk
    — — Maple Two Dev Of Sw Florida LLC — Deed Of Trust · related $4.9M · Montgomery Bank NA
    — — Maple Two Dev Of Sw Florida LLC — Loan Modification · related $2.8M · Montgomery Bk
    — — Maple Two Dev Of Sw Florida LLC — Loan Modification · related $30k · Montgomery Bk
    — — Maple Two Dev Of Sw Florida LLC — Loan Modification · related $2.8M · Montgomery Bk
    — — Maple Two Dev Of Sw Florida LLC — Deed Of Trust · related $4.9M · Montgomery Bank NA
    — — Maple Two Dev Of Sw Florida LLC — Deed Of Trust · related $4.9M · Montgomery Bank NA
    — — Maple Two Dev Of Sw Florida LLC — Loan Modification · related $2.9M · Montgomery Bk
    — — Maple Two Dev/ Sw Florida LLC — Deed Of Trust · related $5.4M · Montgomery Bank NA
    — — Maple Two Dev Of Sw Florida LLC — Deed Of Trust · related $5.4M · Montgomery Bank NA
    — — Maple Two Dev Of Sw Florida LLC — Loan Modification · related $25k · Montgomery Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $5,940,000
      Current use
      AUTO REPAIR, GARAGE
      $7,775,000
      Change: +31% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $6,850,000
      Change: +15% Conversion: Difficult
      RESTAURANT
      $6,380,000
      Change: +7% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lehigh Acres
    County
    Lee
    State
    Florida
    Longitude
    -81.6535
    Latitude
    26.6077
    CBSA code
    15980
    CBSA name
    CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $69,459
    $3,302,380
    $3,653,845
    $6,956,225
    -
    $3,302,380
    $3,653,845
    $6,956,225

    Comparable in this City

    • Value Estimation by Request
      1.33 Acres

      231 Joel Blvd

      HOTEL/MOTEL
      231 Joel Blvd, Lehigh Acres, FL 33936-5229
      View Details
    • Value Estimation by Request
      1.59 Acres

      Lehigh Acres, FL 33936

      VACANT COMMERCIAL LAND
      Lehigh Acres, FL 33936
      View Details
    • Value Estimation by Request
      0.23 Acres

      900 Adams Ave

      VACANT COMMERCIAL LAND
      900 Adams Ave, Lehigh Acres, FL 33936-6802
      View Details
    • Value Estimation by Request
      1.47 Acres

      164 Homestead S Rd

      VACANT COMMERCIAL LAND
      164 Homestead S Rd, Lehigh Acres, FL 33936-7608
      View Details
    • Value Estimation by Request
      0.56 Acres

      102 Lee Blvd

      VACANT COMMERCIAL LAND
      102 Lee Blvd, Lehigh Acres, FL 33936-6120
      View Details
    • Value Estimation
      $1,515,000
      6,693 SF

      581 County Ln

      OFFICE BUILDING (MULTI-STORY)
      581 County Ln, Lehigh Acres, FL 33936
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Pinewood Condo in 55+ Community

      Well-maintained 2 bed, 2 bath condo in 55+ community.
      24 Pinewood Blvd, Lehigh Acres, FL 33936
      View Details
    • Contact for pricing
      Pending

      Lehigh Acres Land Parcel

      0.50-acre lot, ideal for building or investment in Lehigh Acres.
      115 Louis Ave, Lehigh Acres, FL 33936
      View Details
    • Contact for pricing
      10,900 SF

      Retail Space in Lehigh Acres

      Retail space available for lease in Lehigh Acres, Florida.
      4314 Lee Blvd, Lehigh Acres, FL 33936
      View Details
    • $1,495,000
      11,000 SF

      Large Commercial Property on Homestead

      Spacious commercial property in Lehigh Acres' central business district.
      15 Homestead Rd S, Lehigh Acres, FL 33936
      View Details
    • $35,000

      Cleared Land Ready to Build

      Cleared land in Lehigh Acres, ready for construction.
      2704 Leeland Heights Blvd, Lehigh Acres, FL 33936
      View Details
    • $55,000
      0.50 Acres

      Lehigh Acres Half-Acre Lot

      Affordable half-acre lot in Lehigh Acres, Florida.
      1003 Jefferson Ave, Lehigh Acres, FL 33936
      View Details
    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.
    1320 Business Way
    Lehigh Acres, FL 33936-6063
    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
    1320 Business Way, Lehigh Acres, FL, 33936
    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!