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    Property profile & analytics

    506 Sunshine Blvd Lehigh Acres, FL 33971

    • Gas stations
    • 6,822 SF
    • 1.34 lot acres
    OFF-MARKET
    Last Sale
    Dec 17, 2021
    $2,420,000
    Value Estimations
    $2,430,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3265668
    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

    • Gas stations

    Property Details for 506 Sunshine Blvd

    Year built
    1998
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.34 lot acres
    Property size
    6,822 SF
    Zone code
    C-2
    Property type
    Gas stations
    APN
    26-44-26-04-00018.A010
    APU
    2644260400018A010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,370,000
      ML approach
      $2,515,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,080,000
      Market price range: $887k - $3.25M

    • Alternative Use

      Use
      Estimation
      SERVICE STATION (FULL SERVICE)
      $1,965,000
      Current use
      RESTAURANT
      $3,945,000
      Change: +101% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,330,000
      Change: +19% Conversion: Difficult
      MEDICAL BUILDING
      $1,950,000
      Change: -1% Conversion: Difficult
      OFFICE BUILDING
      $1,610,000
      Change: -18% Conversion: Difficult
      RETAIL STORES
      $1,580,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lehigh Acres
    County
    Lee
    State
    Florida
    Longitude
    -81.684
    Latitude
    26.6187
    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
    $12,028
    $644,717
    $371,142
    $1,015,859
    -
    $644,717
    $371,142
    $1,015,859

    Comparable in this City

    • Value Estimation
      $680,000
      19,758 SF

      301 Leonard N Blvd

      SERVICE STATION (FULL SERVICE) • 19,758 SF
      301 Leonard N Blvd, Lehigh Acres, FL 33971-6325
      View Details
    • Value Estimation by Request
      5,000 SF

      3204 Lee Blvd

      SERVICE STATION (FULL SERVICE) • 5,000 SF
      3204 Lee Blvd, Lehigh Acres, FL 33971
      View Details
    • Value Estimation by Request
      4,000 SF

      5507 8th W St

      SERVICE STATION (FULL SERVICE) • 4,000 SF
      5507 8th W St, Lehigh Acres, FL 33971-6306
      View Details
    • Value Estimation by Request
      8,880 SF

      5631 8th W St

      SERVICE STATION (FULL SERVICE) • 8,880 SF
      5631 8th W St, Lehigh Acres, FL 33971-6312
      View Details
    • Value Estimation
      $1,385,000
      10,012 SF

      213 Wallace Ave

      SERVICE STATION (FULL SERVICE) • 10,012 SF
      213 Wallace Ave, Lehigh Acres, FL 33971-6329
      View Details
    • Value Estimation by Request
      3,844 SF

      15170 Homestead Rd

      SERVICE STATION (FULL SERVICE) • 3,844 SF
      15170 Homestead Rd, Lehigh Acres, FL 33971
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      O'Reilly Auto Parts Investment

      Corporate net lease with 13 years remaining near Fort Myers.
      5003 Lee Blvd, Lehigh Acres, FL 33971
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    • Contact for pricing

      Retail Space in Lehigh Acres

      Retail space available in Lehigh Acres shopping center.
      4314 Lee Blvd, Lehigh Acres, FL 33971
      View Details
    • $2,300,000
      1 SF

      Lehigh Acres Retail Building ForSale

      Freestanding retail building with drive-thru on 0.76 acres.
      800 Leonard Blvd N | Lehigh Acres, Lehigh Acres, FL 33971
      View Details
    • $37,000
      0.41 Acres

      Waterfront Lot in Lehigh Acres

      Canal-front lot perfect for building a custom home.
      5902 Pat Ave N, Lehigh Acres, FL 33971
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    • Contact for pricing
      Pending

      Lehigh Acres Residential Lot

      Buildable residential lot in a growing Lehigh Acres neighborhood.
      3317 36Th St W, Lehigh Acres, FL 33971
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    • Contact for pricing
      0.25 Acres

      Residential Land in Growing Community

      Land for sale in a rapidly growing Lehigh Acres community.
      3205 W 54Th St, Lehigh Acres, FL 33971
      View Details

    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
    • $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
    • $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
      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
    • $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
      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
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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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