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

    3400 Lee Blvd Lehigh Acres, FL 33971-1309

    • Medical offices
    • 32,328 SF
    • 2.82 lot acres
    OFF-MARKET
    Last Sale
    Apr 01, 2022
    $7,200,000
    Value Estimations
    $7,045,000
    Show details
    Cap Rate Potential
    5.5%
    Medical offices
    Location Intelligence
    Property ID
    US18-2316814
    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

    • U.S. Renal Care / Dialysis Center
    • Quest Diagnostics / Diagnostic Center / Blood Testing Service
    • Happy Learning LLC / Speech Pathologist / Occupational Therapist
    • PARA PPEC CORP / Child Care Agency
    • HEALTH CARE TRAINING CORP. / Home Health Care Service

    Property Details for 3400 Lee Blvd

    Year built
    2009
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.82 lot acres
    Property size
    32,328 SF
    Zone code
    CPD
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    26-44-26-05-00025.0060
    APU
    26442605000250060

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,415,000
      ML approach
      $7,475,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,745,000
      6.5%
      $6,225,000
      7%
      $5,780,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,903,000
      Market price range: $5.76M - $13.5M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $9,240,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $11,045,000
      Change: +20% Conversion: Difficult
      OFFICE BUILDING
      $7,635,000
      Change: -17% Conversion: Easy
      RETAIL STORES
      $7,490,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lehigh Acres
    County
    Lee
    State
    Florida
    Longitude
    -81.6873
    Latitude
    26.6177
    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
    $82,493
    $2,071,293
    $4,356,947
    $6,428,240
    -
    $2,071,293
    $4,356,947
    $6,428,240

    Comparable in this City

    • Value Estimation
      $3,140,000
      3,825 SF

      2726 4th W St

      MEDICAL BUILDING • 3,825 SF
      2726 4th W St, Lehigh Acres, FL 33971-1938
      View Details
    • Value Estimation
      $460,000
      3,024 SF

      2625 Lee Blvd

      MEDICAL BUILDING • 3,024 SF
      2625 Lee Blvd, Lehigh Acres, FL 33971-1569
      View Details
    • Value Estimation
      $590,000
      2,772 SF

      3003 Lee Blvd

      MEDICAL BUILDING • 2,772 SF
      3003 Lee Blvd, Lehigh Acres, FL 33971-1463
      View Details
    • Value Estimation
      $565,000
      10,574 SF

      5700 Lee Blvd

      MEDICAL BUILDING • 10,574 SF
      5700 Lee Blvd, Lehigh Acres, FL 33971-6355
      View Details
    • Value Estimation
      $325,000
      25,675 SF

      3415 Lee Blvd

      MEDICAL BUILDING • 25,675 SF
      3415 Lee Blvd, Lehigh Acres, FL 33971-1576
      View Details
    • Value Estimation
      $545,000
      10,340 SF

      2724 5th W St

      MEDICAL BUILDING • 10,340 SF
      2724 5th W St, Lehigh Acres, FL 33971-1581
      View Details

    Similar Nearby for Sale

    • $2,200,000
      2.20 Acres

      Lehigh Acres Commercial Opportunity

      2.2-acre commercial site with high visibility and flexible zoning.
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    • $449,000
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      Lehigh Acres Industrial Flex Space

      Well-maintained 1,916 SF industrial/flex space in Lehigh Acres.
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    • $30,000

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      Build Your Dream Home in Florida
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      0.25 Acres

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      Land in Lehigh Acres, ready for new construction.
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    • Contact for pricing
      0.25 Acres

      Lehigh Acres Vacant Land

      Vacant lot in growing Lehigh Acres community, ideal for building.
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    • $35,000
      0.25 Acres

      Lehigh Acres Land Opportunity

      Land available in rapidly growing Lehigh Acres, Florida.
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    Similar Nearby for Lease

    • Contact for pricing

      Lee County Retail Pads - 4 Spaces

      Prime Lee County retail land, four build-to-suit pads.
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      View Details
    • $2,100 /Mo

      Duplex with Modern Finishes

      Two 3BD/2BA units, modern finishes, ideal for investors.
      2516 Park Rd, Lehigh Acres, FL 33971
      View Details
    • Contact for pricing
      6,592 SF

      New Automotive Building For Lease

      New construction automotive building with eight service bays available 3Q25.
      5571 Lee Blvd, Lehigh Acres, FL 33971
      View Details
    • $15 SF/Yr
      1,800 SF

      Industrial Flex Space For Rent

      Light industrial flex space with convenient access to major routes.
      5565 Lee St, Lehigh Acres, FL 33971
      View Details
    • Contact for pricing
      465,656 SF

      Lee Blvd Commercial Land Opportunity

      Lehigh Acres land, multiple parcels available.
      3614 5Th St, Lehigh Acres, FL 33971
      View Details
    • $20 SF/Yr
      2,310 SF

      Industrial Space in Lehigh Acres

      Industrial property available for rent in Lehigh Acres, Florida.
      5441 Lee St, Lehigh Acres, FL 33971
      View Details
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    Lehigh Acres, FL 33971-1309
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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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