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Property profile & analytics
OFF-MARKET
Estimated value
$1,610,000
Warehouses
5649 2nd W St Lehigh Acres, FL 33971-6321
Entity Owned
20-yr Hold
Free & Clear
Property ID
US18-4211261
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,822 SF
Lot
2.31 ac (100,754 SF)
Zoning code
IL
APN
30-44-26-01-00002.0130
UPID
US18-4211261
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
-
GreenEarthNanoPlant Big Box & Wholesale Store Agricultural Supply
-
All About Cars Auto Repair Shop
-
One Stop Auto Body Supply Auto Repair Shop
-
Guardian Hurricane Protection - MANUFACTURING FACILITY Hardware & Home Improvement Interior Design
-
Guardian Storm and Security Shutters Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.54M
Comparable Approach
Comparable
$2.03M
Blend (final)
Blend
$1.61M
Owner & transaction history
Westgate Industrial Props LLC · 20 yrs held
Westgate Industrial Props LLC
since 2006
4 recorded transactions
Zoning & alternative use
IL · Lehigh Acres, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.3M
+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%
$1,670,000
6.5%
$1,540,000
7%
$1,430,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,525,000
Current use
OFFICE BUILDING
$2,320,000
Change: +52% · Conversion: Difficult
RETAIL STORES
$2,275,000
Change: +49% · Conversion: Moderate
Blend value · Realmo final
$1.61M
Range $1.45M – $1.77M · ±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
$164 / 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
$19,485
Tax year 2023
Assessed value
$2,130,649
Assessed 2023
Previous assessed
$1,402,568
+51.9% YoY
Effective rate
0.91%
On assessed value
Assessed land
$443,318
Assessed improvement
$1,687,331
Land market value
$443,318
Improvement market value
$1,687,331
Total market value
$2,130,649
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
12
Total area
9,822 SF
Lot
2.31 ac (100,754 SF)
Zoning code
IL
APN
30-44-26-01-00002.0130
UPID
US18-4211261
Jurisdiction
LEE
Zoning & alternative use
IL · Lehigh Acres, FL
Zoning IL · permitted uses
IL · 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
$1.5M
OFFICE BUILDING
Est. value
$2.3M
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
12
Lot
2.31 ac
Current owner
From public records · entity-resolved
Westgate Industrial Props LLC
Entity
Free & Clear · 20 yrs held
Mailing address
PO BOX 50607, FORT MYERS, FL 33994-0607
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2006
—
Westgate Industrial Props LLC
Romer,jeff E
Warranty Deed
—
May 31, 2005
$453,500
Jeff E Romer
Rodgers,jimmy
Warranty Deed
—
Mar 12, 2004
—
Jimmy Rodgers
Rodgers,jimmy
Quit Claim Deed
related
—
—
—
Lewis Gray
—
Deed Of Trust
related
$155,000 · Southtrust Bank NA
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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