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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Warehouses
226 Homestead S Rd Lehigh Acres, FL 33936-7607
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-3018877
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,600 SF
Lot
0.38 ac (16,344 SF)
Zoning code
C-2
APN
09-45-27-00-00001.0010
UPID
US18-3018877
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
-
Appliance Medic LLC Home Appliance Store
-
Marc Anthony Enterprises Warehouse & Storage
-
Southwest Florida Tech Services Tech Support Center IT Consulting Firm
-
Val Air Hardware & Home Improvement HVAC Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$695k
CAP Approach
CAP
$910k
Comparable Approach
Comparable
$649k
Blend (final)
Blend
$695k
Owner & transaction history
Emmanuel Muscadin · 1 yrs held
Emmanuel Muscadin
since 2024
Last sale
$695,000
3 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
$695,000
ML approach
$695,000
CAP Approach
CAP Return
Estimation
6%
$985,000
6.5%
$910,000
7%
$845,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$870,000
Current use
Blend value · Realmo final
$695k
Range $626k – $765k · ±10% · vs last sale $695k (Oct 31 2024)
Last sale anchor
$695k
Oct 31 2024
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
$124 / 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
$5,522
Tax year 2023
Assessed value
$509,380
Assessed 2023
Previous assessed
$348,522
+46.2% YoY
Effective rate
1.08%
On assessed value
Assessed land
$122,763
Assessed improvement
$386,617
Land market value
$122,763
Improvement market value
$386,617
Total market value
$509,380
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
NONE
Stories
1
Bathrooms
4
Total area
5,600 SF
Lot
0.38 ac (16,344 SF)
Zoning code
C-2
APN
09-45-27-00-00001.0010
UPID
US18-3018877
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
WAREHOUSE, STORAGE Current
Est. value
$870,000
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.38 ac
Current owner
From public records · entity-resolved
Emmanuel Muscadin
Individual
Mailing address
226 HOMESTEAD RD S, LEHIGH ACRES, FL 33936-7607
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2024
$695,000
Emmanuel Muscadin
Oscarball LLC
Warranty Deed
$520,000 · Oscarball LLC
May 23, 2006
—
Oscarball LLC
John Marcantonio
Warranty Deed
$272,000 · Colonial Bank NA
Mar 3, 1997
$170,000
John Marcantonio
Bagans,carl A & Rosetta
Grant Deed
$153,000 · Seller
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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