48
Map
21867 NW 276TH
About This Property
Situated near several points of interest, it offers convenient access to Triple T Ranch park (approximately 1.54 miles), as well as highways and related services like Hey Solutions Corp (2.05 miles), Prairie Lawn Guy LLC (1.9 miles), and additional highway access (1.91 miles).
Please note the important environmental considerations: This parcel is in Flood Zone A, a high-risk flood zone with a 1/100 annual chance of flooding. This typically requires elevated foundations, flood-resistant construction materials, and mandatory flood insurance, which can significantly increase building costs and limit usable land. Additionally, the presence of wetlands classified as Freshwater Marsh (protected grassland prairie) means development is heavily restricted under environmental regulations such as the Clean Water Act. This may necessitate costly permits, mitigation banking, avoidance measures, or could potentially prevent construction altogether.
Buyer should verify all zoning, setbacks, flood zone impacts, wetland delineations, utility availability, and development requirements directly with the Okeechobee County Planning Department via their GIS/zoning portal. This information is not official advice, and buyers should conduct their own due diligence.
The property is available for a self-guided tour. This lot is not available for rent, lease, or subleasing.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017