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    302 Lee Blvd Lehigh Acres, FL 33936-4916
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    Property profile & analytics

    302 Lee Blvd Lehigh Acres, FL 33936-4916

    View on Map
    • Office buildings
    • 3,695 SF
    • 1.90 lot acres
    Off-Market
    Last Sale May 23, 2024
    $1,700,000
    Property ID
    US18-9640738
    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
    $1,405,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lehigh Mini Storage / Storage Facility
    • Lapon Nydia / Real Estate Agency
    • Lapon Realty and management / Real Estate Agency
    • Creative Pet Parlor / Pet Grooming Service
    • L A Hair Palace / Hair Salon / Nail Salon

    Property Details for 302 Lee Blvd

    Year built
    1985
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.90 lot acres
    Property size
    3,695 SF
    Zone code
    C-2
    Property type
    Office buildings
    APN
    32-44-27-12-00003.0130
    APU
    32442712000030130

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,130,000
      6.5%
      $1,040,000
      7%
      $970,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,657,000
      Market price range: $377k - $1.66M
      AI Estimate
      $919,000
      Market price range: $367k - $920k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,000,000
      Current use
      COMMERCIAL (GENERAL)
      $2,295,000
      Change: +129% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,260,000
      Change: +26% Conversion: Difficult
      MEDICAL BUILDING
      $1,055,000
      Change: +6% Conversion: Easy
      RETAIL STORES
      $855,000
      Change: -14% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Lehigh Acres
    County
    Lee
    State
    Florida
    Longitude
    -81.6407
    Latitude
    26.6108
    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
    $19,365
    $389,555
    $1,090,490
    $1,480,045
    -
    $389,555
    $1,090,490
    $1,480,045

    Comparable in this City

    • Value Estimation
      $1,515,000
      6,693 SF

      581 County Ln

      OFFICE BUILDING (MULTI-STORY) • 6,693 SF
      581 County Ln, Lehigh Acres, FL 33936
      View Details
    • Value Estimation by Request
      1,860 SF

      1412 Homestead N Rd

      OFFICE BUILDING (MULTI-STORY) • 1,860 SF
      1412 Homestead N Rd, Lehigh Acres, FL 33936-4855
      View Details
    • Value Estimation by Request
      1,284 SF

      1154 Lee Blvd Ste, Unit 4

      PROFESSIONAL BUILDING • 1,284 SF
      1154 Lee Blvd Ste, Lehigh Acres, FL 33936-4852
      View Details
    • Value Estimation
      $930,000
      2,832 SF

      1400 Homestead N Rd

      OFFICE BUILDING (MULTI-STORY) • 2,832 SF
      1400 Homestead N Rd, Lehigh Acres, FL 33936-4855
      View Details
    • Value Estimation by Request
      538 SF

      904 Lee Blvd Ste, Unit 103

      OFFICE BUILDING • 538 SF
      904 Lee Blvd Ste, Lehigh Acres, FL 33936-4953
      View Details
    • Value Estimation by Request
      1,459 SF

      25 Homestead Rd N Ste, Unit 5

      OFFICE BUILDING • 1,459 SF
      25 Homestead Rd N Ste, Lehigh Acres, FL 33936-6600
      View Details

    Similar Nearby for Sale

    • $540,000
      1,861 SF

      Lehigh Acres Commercial Investment Opportunity

      Commercial property in Lehigh Acres, Florida, suitable for office or medical.
      260 Beth Stacey Blvd, Lehigh Acres, FL 33936
      View Details
    • $390,000
      0.20 Acres

      Lee Blvd Commercial Property For Sale

      Updated corner commercial property on high-traffic Lee Blvd in Lehigh Acres.
      904 Lee Blvd, Lehigh Acres, FL 33936
      View Details
    • Contact for pricing
      0.25 Acres

      Residential Land in Lehigh Acres

      Land available in Lehigh Acres, Florida, for residential construction.
      2904 E 3Rd St, Lehigh Acres, FL 33936
      View Details
    • Contact for pricing
      Pending

      Lehigh Acres Double Lot Opportunity

      Two side-by-side lots in Lehigh Acres, Florida.
      414 Mcarthur Ave, Lehigh Acres, FL 33936
      View Details
    • Contact for pricing
      0.25 Acres

      Residential Land in Lehigh Acres

      Quarter-acre residential lot available in Lehigh Acres, Florida.
      2105 E 7Th St, 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
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    Lehigh Acres, FL 33936-4916
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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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