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Property profile & analytics
OFF-MARKET
Estimated value
$1,600,000
Warehouses
508 Owen N Ave Lehigh Acres, FL 33971-6316
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-2106681
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2007
Construction
STEEL FRAME
Total area
10,000 SF
Lot
2.8 ac (122,055 SF)
Zoning code
CPD
APN
30-44-26-00-00001.018D
UPID
US18-2106681
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
-
Mc Shea Contracting Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.57M
Comparable Approach
Comparable
$2.07M
Blend (final)
Blend
$1.60M
Owner & transaction history
Mcshea Contracting LLC · 14 yrs held
Mcshea Contracting LLC
since 2012
7 recorded transactions
Zoning & alternative use
CPD · Lehigh Acres, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.4M
+52.1%
Retail stores
$2.3M
+49.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,700,000
6.5%
$1,570,000
7%
$1,455,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,555,000
Current use
OFFICE BUILDING
$2,360,000
Change: +52% · Conversion: Difficult
RETAIL STORES
$2,315,000
Change: +49% · Conversion: Moderate
Blend value · Realmo final
$1.60M
Range $1.44M – $1.76M · ±10%
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
$160 / 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
$22,283
Tax year 2023
Assessed value
$1,878,709
Assessed 2023
Previous assessed
$1,870,301
+0.4% YoY
Effective rate
1.19%
On assessed value
Assessed land
$484,950
Assessed improvement
$1,393,759
Land market value
$484,950
Improvement market value
$1,393,759
Total market value
$1,878,709
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
Similar Nearby for Lease
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Bathrooms
2
Total area
10,000 SF
Lot
2.8 ac (122,055 SF)
Zoning code
CPD
APN
30-44-26-00-00001.018D
UPID
US18-2106681
Jurisdiction
LEE
Zoning & alternative use
CPD · Lehigh Acres, FL
Zoning CPD · permitted uses
CPD · 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
WAREHOUSE, STORAGE Current
Est. value
$1.6M
OFFICE BUILDING
Est. value
$2.4M
RETAIL STORES
Est. value
$2.3M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
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
2007
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
2
Lot
2.8 ac
Current owner
From public records · entity-resolved
Mcshea Contracting LLC
Entity
Free & Clear · 14 yrs held
Mailing address
1965 BARRETT DR, TROY, MI 48084-5372
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2018
—
Mcshea Contracting LLC
—
Deed
related
$3,000,000 · Bank Of America
Jan 5, 2012
$625,000
Mcshea Contracting LLC
Fifth Third Bk
Grant Deed
—
May 2, 2011
$18,100
Fifth Third Bk
Owen Avenue LLC Coc
Trustees Deed
related
—
Apr 14, 2008
—
Owen Ave LLC
Bowman,john
Quit Claim Deed
related
—
Mar 20, 2008
$1,700,000
Owen Avenue LLC
Reynaert Management Group INC
Warranty Deed
—
Mar 20, 2008
$500,000
Owen Avenue LLC
Repco Dev INC
Warranty Deed
$1,870,000 · Fifth Third Bank
Jul 12, 2005
$392,300
Repco Dev INC
Carr,paul J
Warranty Deed
$295,000 · Orion Bank
Feb 7, 2005
$220,000
Reynaert Management Group INC
Cooper,charles
Warranty Deed
$165,000 · Orion Bank
Jul 13, 2004
$141,600
Charles Cooper
Sasser,david L
Warranty Deed
—
—
—
Mcshea Contracting LLC
—
Deed Of Trust
related
$3,000,000 · Bank Of America
—
—
Reynaert Management Group INC
—
Deed Of Trust
related
$945,750 · Orion Bank
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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