43
Map
0 PILGRIM RD
About This Property
The property is located in Flood Zone X, an area determined to have minimal flood risk according to current FEMA flood maps. Buyers should verify flood insurance requirements and any applicable building or development regulations with the appropriate local authorities prior to construction.
Zoned R1 (Residential Low), the property is intended primarily for low-density residential development, including single-family homes, subject to Sarasota County and City of North Port regulations. Buyers should verify permitted uses, setbacks, utility availability, environmental conditions, and all development requirements with the appropriate local authorities before purchasing.
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 |
|---|---|---|---|
| Aug 13, 2026 | Listed by Sunland Real Estate, LLC. | $16,000 | |
| Listed by Sunland Real Estate, LLC. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017