190 7th Street
About This Property
These lots are becoming increasingly hard to find. This high and dry vacant lot is located in Apalachicola's historic North side commercial district and is zoned C-2, making it friendly for short-term rentals. You have the option to build residential units, light retail spaces, restaurants, and more.
This is a platted city lot with dimensions of 60' x 100'. It is covered with mature sycamores, magnolias, oaks, and palmettos, allowing you to nestle a home among the trees for added privacy. The property is just three blocks from the Chapman Botanical Gardens and Orman House State Park, four blocks from the farmer's market at Mill Pond Marina, and only eight blocks from the heart of downtown Apalachicola.
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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 |
|---|---|---|---|
| Jun 9, 2025 | Sold | ||
| Sold | |||
| May 13, 2025 | In contract | - | |
| In contract | |||
| Apr 18, 2025 | Listed by 30A Local Real Estate | $79,000 | |
| Listed by 30A Local Real Estate | |||
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About Apalachicola
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Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 974336
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