14
Map
2467 ORMSBY Circle E
About This Property
Listed By
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| May 7, 2026 | Price Decreased |
$399,900
↓ $25K
(5.9%) | |
| Price Decreased | |||
| Nov 18, 2025 | Listed by COLDWELL BANKER VANGUARD REALTY | $425,000 | |
| Listed by COLDWELL BANKER VANGUARD REALTY | |||
| Nov 8, 2024 | Price Decreased |
$499,900
↓ $30K
(5.7%) | |
| Price Decreased | |||
| Aug 28, 2024 | Price Increased |
$529,900
↑ $30K
(6%) | |
| Price Increased | |||
| Aug 26, 2024 | Listed | $499,900 | |
| Listed | |||
| | |||
|
Spectacular nighttime views with Cedar River waterfront. With imagination & ingenuity, this would make a great property for a magnificent single estate home or two to three single family homes with a private drive. However, this also is a great investment property for a savvy developer since the property is Zoned RMD-D for up to 19 units per acre. There is a layout for 5 separate waterfront lots (see documents) that have been preliminarily approved by the City of Jacksonville who also previously approved a design for 9 spacious condo units (see drawings in documents). Designs & approvals must be verified, updated, & finalized by Buyer. There are 400' of bulkhead on the waterfront & approved for renewal of existing permit. Single dock is also approved by State of Florida but could be permitted for a community dock. By existing recorded easement, the new owner will have access to up to 10 residential sewer connections with existing lift station. See additional remarks. Possible multiple or common dock use for condo or townhouse project. Concurrency on file with City of Jacksonville. This is a wonderful & rare opportunity for a developer or someone that wants a private, gated estate or family compound with a lot of river frontage. The navigability to the St Johns River, downtown Jacksonville, the Intracoastal Waterway & Atlantic Ocean is a boat owner's dream
| |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
About Southwest Jacksonville
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$1,425 /mo
- 4 Beds
- 2 Baths
- 1,545 ft²
$1,795 /mo
- 2 Beds
- 1 Bath
- 1,260 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017