0 Highway 1
About This Property
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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 |
|---|---|---|---|
| Apr 3, 2023 | No longer available | - | |
| No longer available | |||
| Oct 20, 2022 | Listed by Compass Florida LLC | $1,800,000 | |
| Listed by Compass Florida LLC | |||
| | |||
|
6.77 acres with 738' of frontage on US-1. Zoning is General Commercial that also allows for multiple uses. Including Multifamily housing developments which satisfy the standards for multifamily housing developments in an R-5 zone. So many options of usage with this parcel. See attachment for City of Fort Pierce Zoning uses: Daily traffic count equals 36,700 vehicles. The 3-square mile population equals 35,000: the median household income for this population equals $41,558. 5-year forecasts predict that this area will experience population growth of 13.84%.
| |||
| Mar 31, 2021 | Sold | ||
| Sold | |||
| Dec 9, 2020 | Listed by Elliot Paul & Company | $1 | |
| Listed by Elliot Paul & Company | |||
Property Highlights
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Status
Price/ft²
Listed On
Sold On
About St. Lucie
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017