21
Map
14773 NW 280TH
About This Property
Situated in a residential area, this property offers convenient access to a nearby park (approximately 1.72 miles), Lio Okeechobee (1.83 miles), and highways (2.06 miles). The lot is located in Flood Zone A, a high-risk 100-year floodplain (1/100 annual flood chance), requiring elevated building foundations (often to base flood elevation), flood vents, and mandatory flood insurance. Construction costs may rise significantly due to engineering requirements, and local permits could be harder to obtain or delayed. There is also wetland impact (Freshwater Marshes/Graminoid Prairie - Marsh), which heavily restricts development under environmental regulations such as the Clean Water Act. This may necessitate U.S. Army Corps of Engineers permits, environmental impact studies, and potential mitigation (e.g., creating equivalent wetlands elsewhere), adding substantial costs, timelines, or limiting the buildable area.
Contact Okeechobee City Planning Dept for a Zoning Verification Letter. The Florida Live Local Act may allow higher density in some cases. Buyer should verify all zoning, setbacks, utility availability, and development requirements with the Okeechobee City Planning Department.
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 22, 2026 | Listed by Sunland Real Estate, LLC. | $50,000 | |
| Listed by Sunland Real Estate, LLC. | |||
| Aug 8, 2016 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017