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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2932 18Th St Lehigh Acres, FL 33976

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5405724
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2932 18Th St

    Property type
    Commercial real estate

    Description

    This exceptional .26-acre corner lot presents a fantastic opportunity to build your dream home in the desirable Lehigh Acres area of Florida. Priced affordably at $31,999, this property offers a prime location with convenient access to major attractions and amenities. Situated in Lee County, with the address 2932 18, Lehigh Acres, FL 33976 (latitude 26.5887412, longitude -81.6802054), this residential land parcel is ideally positioned for those seeking a blend of suburban tranquility and urban convenience. The lot's corner location provides added potential for design and landscaping. Enjoy proximity to the vibrant cities of Fort Myers, Fort Myers Beach, and Cape Coral, offering a wealth of shopping, dining, and entertainment options. Furthermore, the property benefits from its relatively short distance—approximately 13 miles west—to Southwest Florida International Airport, providing easy access to major domestic and international flight connections to cities such as Atlanta, Chicago, and New York. This is a rare chance to acquire a well-located building lot in a thriving Florida community at an attractive price point. Don't miss this chance to build your future in sunny Southwest Florida.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lehigh Acres
    County
    Lee
    State
    Florida
    Longitude
    -81.6802054
    Latitude
    26.5887412

    Comparable in this City

    • $3,088,948
      9.15 Acres

      Lehigh Acres Commercial Land

      9.15 Acres, High-Traffic Location
      1278 Meadow Rd, Lehigh Acres, FL 33976
      View Details
    • $465,000
      Pending

      Lehigh Acres Duplex For Sale

      Spacious duplex, 6 bedrooms, 4 bathrooms, investment opportunity.
      4524-4526 28Th St SW, Lehigh Acres, FL 33976
      View Details
    • New
      $33,500
      Pending

      Residential Lot in Lehigh Acres

      Vacant lot ready for building a dream home.
      3808 14Th St SW, Lehigh Acres, FL 33976
      View Details
    • $50,000
      Pending

      Lehigh Acres Corner Lot

      Oversized corner lot in desirable Lehigh Acres location.
      1505 Unice Ave S, Lehigh Acres, FL 33976
      View Details
    • $30,000
      0.25 Acres

      Residential Building Lot in Lehigh

      Residential building lot in a quiet, low-traffic Lehigh Acres neighborhood.
      3704 9Th St SW, Lehigh Acres, FL 33976
      View Details
    • $39,000
      0.25 Acres

      Residential Lot in Lehigh Acres

      Vacant residential lot in a desirable Lehigh Acres location.
      3804 3Rd St SW, Lehigh Acres, FL 33976
      View Details

    Similar Nearby for Sale

    • $3,088,948
      9.15 Acres

      Lehigh Acres Commercial Land

      9.15 Acres, High-Traffic Location
      1278 Meadow Rd, Lehigh Acres, FL 33976
      View Details
    • $465,000
      Pending

      Lehigh Acres Duplex For Sale

      Spacious duplex, 6 bedrooms, 4 bathrooms, investment opportunity.
      4524-4526 28Th St SW, Lehigh Acres, FL 33976
      View Details
    • New
      $33,500
      Pending

      Residential Lot in Lehigh Acres

      Vacant lot ready for building a dream home.
      3808 14Th St SW, Lehigh Acres, FL 33976
      View Details
    • $50,000
      Pending

      Lehigh Acres Corner Lot

      Oversized corner lot in desirable Lehigh Acres location.
      1505 Unice Ave S, Lehigh Acres, FL 33976
      View Details
    • $30,000
      0.25 Acres

      Residential Building Lot in Lehigh

      Residential building lot in a quiet, low-traffic Lehigh Acres neighborhood.
      3704 9Th St SW, Lehigh Acres, FL 33976
      View Details
    • $39,000
      0.25 Acres

      Residential Lot in Lehigh Acres

      Vacant residential lot in a desirable Lehigh Acres location.
      3804 3Rd St SW, Lehigh Acres, FL 33976
      View Details
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    Lehigh Acres, FL 33976
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    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
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