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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Strip malls
516 Joel Blvd Lehigh Acres, FL 33936-4404
Trust Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-4328130
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,650 SF
Lot
0.81 ac (35,501 SF)
Zoning code
C-2
APN
26-44-27-13-00050.0030
UPID
US18-4328130
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
-
Cake Pop Place Indulgence In A Bite Bakery Specialty Food Shop
-
ROSYVELYFURNITURE Furniture & Home Goods Home Decor Store
-
A TU GUSTO Big Box & Wholesale Store Food Market
-
Leslie’s lovely loot Custom T-Shirt Store
-
Bella's dress Boutique Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$785k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$720k
Owner & transaction history
Blvd 516 J Land Trust · 6 yrs held
Blvd 516 J Land Trust
since 2020
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
C-2 · Lehigh Acres, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$790,000
ML approach
$785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$720k
Range $648k – $792k · ±10% · vs last sale $650k (Jun 26 2020)
Last sale anchor
$650k
Jun 26 2020
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
$155 / 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
$11,751
Tax year 2023
Assessed value
$954,350
Assessed 2023
Previous assessed
$825,580
+15.6% YoY
Effective rate
1.23%
On assessed value
Assessed land
$152,938
Assessed improvement
$801,412
Land market value
$152,938
Improvement market value
$801,412
Total market value
$954,350
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
4,650 SF
Lot
0.81 ac (35,501 SF)
Zoning code
C-2
APN
26-44-27-13-00050.0030
UPID
US18-4328130
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.
Building & site characteristics
From public records
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
0.81 ac
Current owner
From public records · entity-resolved
Blvd 516 J Land Trust
Trust
Mailing address
PO BOX 371, FORT MYERS, FL 33902-0371
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2022
—
Abdalrahim Ahmadi
—
Deed
related
$500,000 · First Bank
Jun 26, 2020
$650,000
Blvd 516 J Land Trust
B & J Lehigh LLC
Warranty Deed
$500,000 · B & J Lehigh LLC
Feb 23, 2005
—
B & J Lehigh LLC
Kogok,william A & Jean L
Warranty Deed
—
Feb 17, 2004
$845,000
William A Kogok
Summit Realty Corp
Grant Deed
—
Jul 17, 2001
—
Summit Realty Corp
—
Trustees Deed
related
$75,000 · Old Florida Bank
May 11, 2000
—
Summit Realty Corp
Lake Camille Plaza Ltd
Grant Deed
$210,000 · Old Florida Bank
Apr 21, 2000
$310,000
Summit Realty Corp
Janikula,duane
Grant Deed
—
—
—
Summit Realty Corp
—
Deed Of Trust
related
$105,000 · First Florida 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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