2370 Cornerstone Drive
About This Property
Currently hosting a cell phone tower, the property generates passive monthly income-a bonus for any investor looking for a revenue-producing asset while planning future use.
With access to Immokalee Rd, you're just minutes from new and upcoming developments, shopping, dining, and major thoroughfares. Whether you're envisioning a private estate, agricultural use, business venture, or a future rezone and build-out, this land is a blank canvas ready for vision and value. Zoning Verification Letter is available upon request.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jan 23, 2026 | Sold | ||
| Sold | |||
| Nov 6, 2025 | In contract | - | |
| In contract | |||
| Jul 24, 2025 | Price Decreased |
$645,000
↓ $50K
(7.2%) | |
| Price Decreased | |||
| Apr 7, 2025 | Listed by ENGEL & VOELKERS NAPLES | $695,000 | |
| Listed by ENGEL & VOELKERS NAPLES | |||
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About Rural Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017