2040 EDMONDSON ROAD
About This Property
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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%.
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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 |
|---|---|---|---|
| Sep 1, 2025 | Sold | ||
| Sold | |||
| Jul 11, 2025 | In contract | - | |
| In contract | |||
| Jun 26, 2025 | Price Decreased |
$699,000
↓ $26K
(3.6%) | |
| Price Decreased | |||
| Jun 16, 2025 | Price Decreased |
$725,000
↓ $25K
(3.3%) | |
| Price Decreased | |||
| May 29, 2025 | Listed by THE SHORELINE FL REALTY LLC | $750,000 | |
| Listed by THE SHORELINE FL REALTY LLC | |||
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The property at 2040 Edmondson Rd in Nokomis, FL spans 4.73 acres of flat, cleared land with beautiful matured trees currently has a home in place that is an open canvas. As per the county you can have a main house and a guest house. It is zoned Open Use Estate (OUE), allowing for flexible residential development. With asphalt-paved road frontage on Edmondson Rd and a location in FLOOD ZONE X—indicating minimal flood risk—the land offers both convenience and peace of mind. Situated just minutes from the Gulf Coast beaches and easily accessible from I-75, this parcel is a rare opportunity to build in a serene yet central location home.This property presents a rare opportunity to own a sizable piece of land in a desirable location, ideal for building a custom home, or remodel and refurbish the existing structure or other residential projects. With its proximity to the beach and essential amenities, it offers a blend of tranquility and convenience. ?Did we mention that its only Approximately 5 miles from Nokomis Beach and Casey Key!
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About Nokomis
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$2,500 /mo
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$2,600 /mo
- 3 Beds
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- 1,387 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017