2591 Mcneil Road
About This Property
Located behind the South State Bank(SW corner of Okeechobee Rd. and McNeil Rd). 1 mile East of I-95 Okeechobee Rd. interchange.
Rapidly Growing area. Ideal for a strip Center or many other commercial uses.
Mostly cleared with city water and sewer available. Common drainage retention serves this property and 3 other adjacent properties.
See copy of attached surveys in documents tab. These surveys show the common retention pond and drainage easements as well as an access easement on South side.
Attached survey also shows calculation of buildable area...estimated to be 2 acres.
Also attached is: utilities map, drainage easements, and legal description
Consists of 2 parcels and 2 tax
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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.
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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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About Fort Pierce South
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017