18
Map
0 NE 2nd Terrace
About This Property
Situated near major highways, this combined double lot (PID's 1-15-36-35-0040-00030-0090 & 1-15-36-35-0040-00030-00L0) offers convenient access to Florida Food Forestry LLC (approximately 0.66 miles), West HVAC/DUCT Clean Inc (0.54 miles), and highways (0.65 miles). The 30,492 sq ft double lot is located in Flood Zone X, a low-risk area outside the 100-year and 500-year floodplains, resulting in standard building codes with no mandatory elevation requirements. However, wetland presence (Freshwater Marshes / Graminoid Prairie - Marsh) is identified on the property. Buyer should contact the Okeechobee County Planning Department for verification of all zoning, permitted uses, setbacks, utility availability, and development requirements.
The property is available for a self-guided tour. Subleasing is not permitted. This lot is not available for rent or lease.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 14, 2026 | Listed by Sunland Real Estate, LLC. | $140,000 | |
| Listed by Sunland Real Estate, LLC. | |||
| Dec 15, 2022 | Sold | ||
| Sold | |||
| Jul 26, 2022 | Listed by Partnership Realty Inc. | $70,000 | |
| Listed by Partnership Realty Inc. | |||
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Perfect Plot of Land Located in an Agricultural Area, Build Your Dream Home or Buy and Hold as An Investment. Highway Access Nearby. Zoned for Commercial but can easily be rezone for residential through the county appraiser.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017