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

    3978 Sunset Rd Lehigh Acres, FL 33971

    • Small apartment buildings
    For Sale
    View listing
    $490,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2573963
    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

    • Small apartment buildings

    Property Details for 3978 Sunset Rd

    Year built
    2007
    Property type
    Small apartment buildings

    Description

    This 2-unit apartment building in Lehigh Acres, Florida, presents a compelling investment opportunity. Built in 2007, this single-story duplex offers two identical 3-bedroom, 2-bathroom units, each boasting approximately 1,200 square feet of living space. The open-concept design seamlessly blends the living and dining areas, creating a spacious and inviting atmosphere. All units are equipped with a full suite of appliances, including washer and dryer. Durable tile and carpet flooring are featured throughout, complemented by ceiling fans in every room for added comfort. Each unit also includes a screened lanai/porch and a one-car garage, along with a paved driveway. The property's prime location in Lehigh Acres provides convenient access to a wealth of amenities, including shopping centers, restaurants, hospitals, and the RSW International Airport. The proximity to I-75 ensures effortless travel throughout Southwest Florida. Currently occupied by month-to-month tenants, this turnkey investment allows for immediate rental income generation. Prospective buyers are asked to respect the privacy of current residents and refrain from disturbing them. The asking price for this exceptional property is $490,000.

    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
    -81.7149795
    Latitude
    26.6356531

    Comparable in this City

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      Lehigh Acres Multifamily Property

      Multifamily property for sale in Lehigh Acres, Florida.
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    • $519,900
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      Income-Producing Duplex Near Buckingham Airport

      Spacious 6-bedroom, 4-bath duplex, ideal for investors or owner-occupants.
      2510 Park Rd, Lehigh Acres, FL 33971
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    • $485,000
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      New Lehigh Acres Duplex

      New construction duplex with six bedrooms and four bathrooms.
      2409/2411 Churchill Ave N, Lehigh Acres, FL 33971
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    • $538,900

      New Duplex in Lehigh Acres

      New duplex with modern design, ideal for investors/homebuyers.
      1041/1043 Albany Ave, Lehigh Acres, FL 33971
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    • $539,000
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      New Duplex: Live & Rent

      New duplex in family-friendly neighborhood, ideal for live and rent.
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    • $535,000

      Updated Duplex Near RSW Airport

      Fully updated duplex with modern amenities, ideal for investors.
      2325/2327 Daniel Ave N, Lehigh Acres, FL 33971
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    Similar Nearby for Sale

    • $289,900

      Lehigh Acres Multifamily Property

      Multifamily property for sale in Lehigh Acres, Florida.
      3002 68Th St W, Lehigh Acres, FL 33971
      View Details
    • $519,900
      0.28 Acres

      Income-Producing Duplex Near Buckingham Airport

      Spacious 6-bedroom, 4-bath duplex, ideal for investors or owner-occupants.
      2510 Park Rd, Lehigh Acres, FL 33971
      View Details
    • $485,000
      0.29 Acres

      New Lehigh Acres Duplex

      New construction duplex with six bedrooms and four bathrooms.
      2409/2411 Churchill Ave N, Lehigh Acres, FL 33971
      View Details
    • $538,900

      New Duplex in Lehigh Acres

      New duplex with modern design, ideal for investors/homebuyers.
      1041/1043 Albany Ave, Lehigh Acres, FL 33971
      View Details
    • $539,000
      Pending

      New Duplex: Live & Rent

      New duplex in family-friendly neighborhood, ideal for live and rent.
      2404/2406 Dickens Ave N, Lehigh Acres, FL 33971
      View Details
    • $535,000

      Updated Duplex Near RSW Airport

      Fully updated duplex with modern amenities, ideal for investors.
      2325/2327 Daniel Ave N, Lehigh Acres, FL 33971
      View Details

    Similar Nearby for Lease

    • $2,100 /Mo

      Duplex with Modern Finishes

      Two 3BD/2BA units, modern finishes, ideal for investors.
      2516 Park Rd, Lehigh Acres, FL 33971
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    • Contact for pricing
      465,656 SF

      Lee Blvd Commercial Land Opportunity

      Lehigh Acres land, multiple parcels available.
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      Lee County Retail Pads - 4 Spaces

      Prime Lee County retail land, four build-to-suit pads.
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    • $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
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    • $20 SF/Yr
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      Industrial Space in Lehigh Acres

      Industrial property available for rent in Lehigh Acres, Florida.
      5441 Lee St, Lehigh Acres, FL 33971
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    • $2,000 /Mo
      8 SF

      Lehigh Acres Warehouse/Flex Space

      Industrial warehouse/flex space with fenced outdoor storage available for lease.
      5619 8Th St W | Lehigh Acres, Lehigh Acres, FL 33971
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    Lehigh Acres, FL 33971
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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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