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Lehigh Acres 33972 Richmond
1116 Prospect Avenue
$25,000
● Land - Off Market

1116 Prospect Avenue

Lehigh Acres, FL 33972
bedrooms
Studio
bathrooms
0 Bath
$172
Est. Monthly

About This Property

Amazing value! Cleared 0.50 acre lot on Prospect Ave, ready to build. Recent survey completed. Engineering and architectural plans available upon request. Quiet residential street in a prime location, close to shopping, schools, and entertainment. Great opportunity to build your dream home in one of Lehigh's fastest-growing areas.
Unit Size
-
Days on Market
42 days
Land Size
0.50 acres
Price per sqft
-
Property Type
Land
Property Taxes
$49
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 6 months ago ( #2026015732)

Price History

Date / Event Date Event Price
May 15, 2026 Sold
Premium
Sold
Apr 15, 2026 In contract -
In contract
Apr 3, 2026 Listed by VIP Realty Group Inc $24,900
Listed by VIP Realty Group Inc
Feb 28, 2026 No longer available -
No longer available
Aug 29, 2025 Listed by VIP Realty Group Inc $34,900
Listed by VIP Realty Group Inc
Cleared 0.50 acre lot on Prospect Ave, ready to build. Recent survey completed. Engineering and architectural plans available upon request. Quiet residential street in a prime location, close to shopping, schools, and entertainment. Great opportunity to build your dream home in one of Lehigh’s fastest-growing areas.
Show More

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,824
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: LEHIGH ACRES
  • Land Acres: 0000000501
  • Standard Land Use Code: 8001
  • County Land Use Code: 00
  • State Land Use Code: 00
  • Legal Description 1: LEHIGH ACRES UNIT 11 BLK 43 DB 252 PG 461 LOT 5

Neighborhood

  • School District Name: Lee County School District
  • Census Tract: 040212

Zoning

  • Zoning: RS-1

Geography

  • Assessors Map Reference: 32B
  • Account Number: 10378557
  • Subdivision Tract Number: 11
  • Parcel: 20-44-27-11-00043.0050
  • Block: 43
  • Lot: 5
  • Meridian: SEC 20 TWN 44S RNG 27E
  • Municipality: LEHIGH ACRES FIRE & LIGHT
  • Latitude: 26.6416
  • Longitude: -81.6376

    Address

  • Full Address: 1116 Prospect Ave
  • Legal Unit: 11
  • Address - House Number: 1116
  • Address - Street Name: Prospect
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Lehigh Acres
  • Carrier Code: R002
  • 4-Digit Zip Code: 8441
  • Zip Code: 33972

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $41,880
  • Initial Tax Delinquent Year: 2019
  • Tax Rate Code Area: 048

    Market Valuation

  • Market Total Value: $14,852
  • Market Land Value: $17,245

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $11,068

    Sales

  • Current Sale Contract Date: Sep 03, 2021
  • Current Sale Recording Date: Sep 09, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 55
  • Current Sale Input Document Number: 2021000297598
  • Previous Sale Recording Date: Jan 07, 2020
  • Previous Sale Contract Date: May 25, 2019
  • Previous Sale Amount: $6,639
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Richmond

Stats & Trends

Median Asking:

$339,890

Sale Price/ft²

$205

Below Asking

0.02%

Average Days on Market

82

Average Home Size

1633 ft²

Average Home Age

9.5 years

Currently For Sale

278 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 2916 23rd Street W, Lehigh Acres, FL, 33971

$2,400 /mo

  • 4 Beds
  • 2 Baths
  • 1,815 ft²
2916 23rd Street W, Lehigh Acres, FL, 33971 Listing by Annia Zambrano
Unit for rent at 2504 23rd Street W, Lehigh Acres, FL, 33971

$2,400 /mo

  • 4 Beds
  • 2 Baths
  • 1,815 ft²
2504 23rd Street W, Lehigh Acres, FL, 33971 Listing by Annia Zambrano
Unit for rent at 2611 Carol Place, Lehigh Acres, FL, 33971

$1,745 /mo

  • 3 Beds
  • 2 Baths
  • 1,406 ft²
2611 Carol Place, Lehigh Acres, FL, 33971 Listing by George Patton

Rentals Near You

Click here to view more rentals in the neighborhood.

Frequently Asked Questions

When was property at 1116 Prospect Avenue built and last sold?
The property at 1116 Prospect Avenue was built in and last sold on Sep 3, 2021 for $9,000.
How much is this home worth?
The estimated value of the home located at 1116 Prospect Avenue is $0.
What are some comparable homes to 1116 Prospect Avenue?
There are currently no comparable homes to 1116 Prospect Avenue.
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