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2426 FORT HAMER ROAD
About This Property
Public water is available, and a septic system will be required. According to available FEMA mapping, the property is located primarily in Flood Zone X (Area of Minimal Flood Hazard). This spacious homesite offers plenty of room to design a custom residence with a pool, detached garage, workshop, RV or boat storage, and other permitted improvements, subject to Manatee County regulations and approvals.
Conveniently located just minutes from Interstate 75, this property provides easy access to Lakewood Ranch, Bradenton, Sarasota, St. Petersburg, Tampa, and the Gulf Coast beaches. Enjoy being close to Fort Hamer Park and Boat Ramp, the Manatee River, Florida Railroad Museum, championship golf courses, shopping, dining, healthcare facilities including HCA Florida North River Ranch Emergency, Lakewood Ranch Medical Center, and Manatee Memorial Hospital, along with Annie Lucy Williams Elementary School, Buffalo Creek Middle School, and Parrish Community High School.
Whether you're ready to build your forever home or invest in one of Southwest Florida's fastest-growing communities, this oversized corner homesite offers an outstanding opportunity. Qualified buyers may finance this property with as little as 20% down payment.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017