Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5485 Lee St Ste, Unit 2 Lehigh Acres, FL 33971-1547
    Back to Search
    Property profile & analytics

    5485 Lee St Ste, Unit 2, Lehigh Acres, FL 33971-1547

    View on Map
    • Distribution centers
    • 1,916 SF
    • 0.28 lot acres
    Off-Market
    Last Sale Aug 30, 2022
    $240,000
    Property ID
    US19-0798709
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Distribution centers

    Property Details for 5485 Lee St Ste

    Year built
    2004
    Lot size
    0.28 lot acres
    Zone code
    CPD
    Property type
    Distribution centers
    APN
    30-44-26-06-00000.0002
    APU
    30442606000000002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 30, 2022 $240,000 Arm Withholdings LLC Lkk112 LLC Warranty Deed —
    May 8, 2017 $100,000 Lkk112 LLC Iberiabank Grant Deed —
    Dec 28, 2016 — Iberiabank Telecommunication Cone Coc Trustees Deed · related —
    Jul 17, 2007 — Telecommunication Conexxions Of F Palm Royale Properties LLC Grant Deed —
    Jun 20, 2007 $300,000 Telecommunication Conexxions Of F Palm Royale Properties LLC Warranty Deed $280k · Florida Gulf Bank
    — — Telecommunication Conexxions Of F — Deed Of Trust · related $223k · Florida Gulf Bank
    — — Telecommunication Conexxions Of F — Deed Of Trust · related $97k · Florida Gulf Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lehigh Acres
    County
    Lee
    State
    Florida
    Longitude
    -81.7471
    Latitude
    26.6176
    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
    $3,770
    $0.00
    $276,681
    $276,681
    -
    $0.00
    $276,681
    $276,681

    Comparable in this City

    • Value Estimation by Request
      18,000 SF

      5565 Lee St

      Distribution properties
      5565 Lee St, Lehigh Acres, FL 33971
      View Details
    • Value Estimation by Request
      1,916 SF

      5483 Lee St Ste, Unit 8

      DISTRIBUTION WAREHOUSE
      5483 Lee St Ste, Lehigh Acres, FL 33971-1516
      View Details
    • Value Estimation by Request
      2,390 SF

      300 Leonard N Blvd, Unit 13

      DISTRIBUTION WAREHOUSE
      300 Leonard N Blvd, Lehigh Acres, FL 33971-6324
      View Details
    • Value Estimation by Request
      1,897 SF

      5483 Lee St Ste, Unit 12

      DISTRIBUTION WAREHOUSE
      5483 Lee St Ste, Lehigh Acres, FL 33971-1516
      View Details
    • Value Estimation by Request
      2,100 SF

      300 Leonard N Blvd, Unit 3

      DISTRIBUTION WAREHOUSE
      300 Leonard N Blvd, Lehigh Acres, FL 33971-6324
      View Details
    • Value Estimation by Request
      2,100 SF

      300 Leonard N Blvd, Unit 6

      DISTRIBUTION WAREHOUSE
      300 Leonard N Blvd, Lehigh Acres, FL 33971-6324
      View Details

    Similar Nearby for Sale

    • New
      $1,600,000
      Pending

      Lehigh Acres Industrial Warehouse

      Industrial warehouse with office space in Westgate Industrial Park.
      5605 2Nd St W, Lehigh Acres, FL 33971
      View Details
    • $449,000

      Lehigh Acres Industrial Flex Space

      Well-maintained 1,916 SF industrial/flex space in Lehigh Acres.
      5483 Lee St, Lehigh Acres, FL 33971
      View Details
    • $41,000
      0.25 Acres

      Residential Land in Lehigh Acres

      Land available in a growing Lehigh Acres location.
      3512 69Th St W, Lehigh Acres, FL 33971
      View Details
    • Contact for pricing
      0.25 Acres

      Residential Lot in Lehigh Acres

      0.25-acre residential lot in a growing Southwest Florida community.
      3506 63Rd St W, Lehigh Acres, FL 33971
      View Details
    • Contact for pricing
      0.25 Acres

      Quarter Acre Land in Lehigh

      Land in a growing area, close to beaches and airports.
      3127 72Nd St W, Lehigh Acres, FL 33971
      View Details
    • $32,500
      0.29 Acres

      Residential Land in Lehigh Acres

      Ideal land to build your dream home in Lehigh Acres.
      2040 Venice Ave N, Lehigh Acres, FL 33971
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      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
    • $12 SF/Yr

      Industrial Warehouse in Southwest Florida

      18,797 SF warehouse for lease in growing commercial corridor.
      5607 8Th St W, Lehigh Acres, FL 33971
      View Details
    • Contact for pricing

      Industrial Flex Space Sublease

      Versatile industrial flex space in Lehigh Acres available for sublease.
      5441 Lee St, Lehigh Acres, FL 33971
      View Details
    • $2,000 /Mo
      1,050 SF

      Lehigh Acres Warehouse/Flex Space

      Industrial warehouse/flex space with fenced outdoor storage available for lease.
      5619 8Th St W, Lehigh Acres, FL 33971
      View Details
    • Contact for pricing

      Lee County Retail Pads - 4 Spaces

      Prime Lee County retail land, four build-to-suit pads.
      0 Cor Of Alvin Ave And Lee Blvd, Lehigh Acres, FL 33971
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5485 Lee St Ste, Unit 2
    Lehigh Acres, FL 33971-1547
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5485 Lee St Ste, Lehigh Acres, FL, 33971
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!