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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Warehouses
202 Wallace Ave Lehigh Acres, FL 33971-6334
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US18-3206361
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2004
Construction
STEEL FRAME
Total area
5,760 SF
Lot
1.23 ac (53,578 SF)
Zoning code
IL
APN
30-44-26-01-00003.0010
UPID
US18-3206361
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
-
Design Concepts Manufacturing, Inc. Industrial Manufacturer Production Facility
-
Hendry Aluminum High School
-
Repair Any Damage And collision, Llc Auto Repair Shop
-
RADA Collision Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$905k
Comparable Approach
Comparable
$514k
Blend (final)
Blend
$655k
Owner & transaction history
Westgate Indl Props I LLC · 19 yrs held
Westgate Indl Props I LLC
since 2007
5 recorded transactions
Zoning & alternative use
IL · 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%
$980,000
6.5%
$905,000
7%
$840,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$895,000
Current use
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$114 / 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
$8,516
Tax year 2023
Assessed value
$829,491
Assessed 2023
Previous assessed
$514,385
+61.3% YoY
Effective rate
1.03%
On assessed value
Assessed land
$242,794
Assessed improvement
$586,697
Land market value
$242,794
Improvement market value
$586,697
Total market value
$829,491
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
Similar Nearby for Lease
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2004
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Bathrooms
6
Total area
5,760 SF
Lot
1.23 ac (53,578 SF)
Zoning code
IL
APN
30-44-26-01-00003.0010
UPID
US18-3206361
Jurisdiction
LEE
Zoning & alternative use
IL · Lehigh Acres, FL
Zoning IL · permitted uses
IL · 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
WAREHOUSE, STORAGE Current
Est. value
$895,000
WAREHOUSE, STORAGE Current
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
2004
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
6
Lot
1.23 ac
Current owner
From public records · entity-resolved
Westgate Indl Props I LLC
Entity
Mailing address
PO BOX 50607, FORT MYERS, FL 33994-0607
Ownership since
2007
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
Jun 8, 2007
—
Westgate Indl Props I LLC
Romer,jeff
Warranty Deed
—
Oct 15, 2002
$85,000
Jeff Romer
Burger,ronnie A
Grant Deed
—
Mar 12, 1998
$42,800
Ronnie A Burger
Lehigh Corp
Grant Deed
—
—
—
Curb Systems Of Sw Florida & Sara
—
Deed Of Trust
related
$525,000 · Orion Bank
—
—
Curb Systems Of Sw Fl & Sarasota
—
Deed Of Trust
related
$525,000 · Orion Bank
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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