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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Office buildings
228 Plz Dr Lehigh Acres, FL 33936-6054
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-1798726
Property summary
AI-generated overview
This single-story, 8,042-square-foot Class B medical office building is located at 228 Plaza Drive in Lehigh Acres, Florida, 33936. Built in 1988, the property features a total of three suites within a landscaped courtyard setting. Currently fully occupied, the building offers a minimum divisible space of 4,257 square feet, with a maximum contiguous space of 4,257 square feet. The building boasts 24 parking spaces and is zoned C-2. The property's layout includes a blended mix of wet and dry exam rooms, doctors' and administrative offices, reception areas, two separate lobbies, and seven separate bathrooms for staff and patients. Additional amenities include meeting and break rooms. The property is situated in the Lehigh Acres submarket of Lee County and has an APN of 31-44-27-16-00000.0020. The building is served by electric power and does not have elevators. This is an excellent opportunity for investors seeking a stable, fully leased medical office property in a desirable location. The current tenant is a medical family practice.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,042 SF
Lot
0.7 ac (30,290 SF)
APN
31-44-27-16-00000.0020
UPID
US18-1798726
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
-
Randolph S Geslani Md Physician Medical Clinic
-
Madhava T. Pally, MD F.A.C.C. Physician
-
Max Belot Physician
-
Carla Leslie Counselor
-
Heritage Seventh-Day Adventist Mission Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$645k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$906k
Blend (final)
Blend
$680k
Owner & transaction history
Commonwealth Multi Properties INC · 4 yrs held
Commonwealth Multi Properties INC
since 2022
Last sale
$685,000
1 recorded transaction
Zoning & alternative use
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
$705,000
ML approach
$645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$680k
Range $612k – $748k · ±10% · vs last sale $685k (Feb 4 2022)
Last sale anchor
$685k
Feb 4 2022
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
$85 / 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
$10,914
Tax year 2023
Assessed value
$811,945
Assessed 2023
Previous assessed
$704,180
+15.3% YoY
Effective rate
1.34%
On assessed value
Assessed improvement
$811,945
Improvement market value
$811,945
Total market value
$811,945
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
9
Total area
8,042 SF
Lot
0.7 ac (30,290 SF)
APN
31-44-27-16-00000.0020
UPID
US18-1798726
Jurisdiction
LEE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
9
Lot
0.7 ac
Current owner
From public records · entity-resolved
Commonwealth Multi Properties INC
Entity
Free & Clear · 4 yrs held
Mailing address
16370 NW 8TH DR, PEMBROKE PINES, FL 33028-1108
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2022
$685,000
Commonwealth Multi Properties INC
Len Park Plaza
Warranty 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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