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20139 BOWMAN ROAD
About This Property
Many positives about this property for a developer:
NO FLOOD (X ZONE).
NO WETLANDS.
ALREADY CLEARED.
PROPERTY IS LEVEL.
Located in a DESIGNATED OPPORTUNITY ZONE (The Tax Cuts and Jobs Act of 2017 established Opportunity Zones as a mechanism to provide tax incentives for investment in designated census tracts. Investments made by individuals through special funds in these zones would be allowed to defer or eliminate federal taxes on capital gains).
Property is in PASCO'S FUTURE LAND USE for EC - High density residential. The EC land use designation is a mixed use land use category that permits Corporate Business Parks, "Targeted Primary Businesses", higher density residential, and industrial uses.
There are not many sites with this much acreage available next to the Suncoast parkway for future development. Call now.
Sale includes 7 parcels for a total of 119 acres off the Suncoast parkway (589) near County Line Road. Parcel numbers are:
Parcel ID: 02-24-18-0000-01000-0000 36.8 acres
Parcel ID: 02-24-18-0000-00900-0000 21.5 acres
Parcel ID: 02-24-18-0000-01200-0020 7.5 acres
Parcel ID: 02-24-18-0000-01300-0010 20 acres
Parcel ID: 02-24-18-0000-01300-0030 10 acres
Parcel ID: 02-24-18-0000-01200-0021 15 acres
Parcel ID: 02-24-18-0000-01200-0000 8.5 acres
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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 |
|---|---|---|---|
| Mar 8, 2026 | Relisted | $15,000,000 | |
| Relisted | |||
| Mar 6, 2026 | No longer available | - | |
| No longer available | |||
| May 25, 2025 | Listed by HOME LAND REAL ESTATE INC | $15,000,000 | |
| Listed by HOME LAND REAL ESTATE INC | |||
| Jun 6, 2022 | Sold | ||
| Sold | |||
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About Shady Hills
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$750 /mo
- Studio
- 1 Bath
- 600 ft²
$2,198 /mo
- 3 Beds
- 2 Baths
- 1,462 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017