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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Retail space
400 Lee Blvd Lehigh Acres, FL 33936-4923
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-5265893
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,764 SF
Lot
0.43 ac (18,565 SF)
Zoning code
C-2
APN
32-44-27-12-00003.0060
UPID
US18-5265893
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
-
Kelly Graham Alternative Medicine Practice Spa & Massage Center
-
Abbygale Dillon, Licensed massage therapist and nail technician. Alternative Medicine Practice Spa & Massage Center
-
Reflections Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
$355k
Comparable Approach
Comparable
$524k
Blend (final)
Blend
$535k
Owner & transaction history
A&s Commercial Properties LLC · 1 yrs held
A&s Commercial Properties LLC
since 2025
Last sale
$550,000
2 recorded transactions
Zoning & alternative use
C-2 · Lehigh Acres, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$605,000
+47.4%
Medical building
$505,000
+23.4%
Office building
$475,000
+16.8%
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
$510,000
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
$385,000
6.5%
$355,000
7%
$330,000
Alternative Use
Use
Estimation
RETAIL STORES
$410,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$605,000
Change: +47% · Conversion: Moderate
MEDICAL BUILDING
$505,000
Change: +23% · Conversion: Difficult
OFFICE BUILDING
$475,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $550k (Apr 15 2025)
Last sale anchor
$550k
Apr 15 2025
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
$303 / 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
$4,110
Tax year 2023
Assessed value
$361,680
Assessed 2023
Previous assessed
$268,924
+34.5% YoY
Effective rate
1.14%
On assessed value
Assessed land
$106,192
Assessed improvement
$255,488
Land market value
$106,192
Improvement market value
$255,488
Total market value
$361,680
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
1,764 SF
Lot
0.43 ac (18,565 SF)
Zoning code
C-2
APN
32-44-27-12-00003.0060
UPID
US18-5265893
Jurisdiction
LEE
Zoning & alternative use
C-2 · Lehigh Acres, FL
Zoning C-2 · permitted uses
C-2 · Lehigh Acres, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lehigh Acres. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$410,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$605,000
MEDICAL BUILDING
Est. value
$505,000
OFFICE BUILDING
Est. value
$475,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
A&s Commercial Properties LLC
Entity
Mailing address
400 LEE BLVD, LEHIGH ACRES, FL 33936-4923
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2025
$550,000
A&s Commercial Properties LLC
Anthony Rosa
Warranty Deed
$385,000 · D & W Holdings And Investments LLC
Oct 26, 2015
$250,000
Cindy M Rosa
Wallace Robert V & B B Trust
Grant Deed
$250,000 · Wallace Robert V & B B Tr (pt)
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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