7
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309 & 311 Raber Ave
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 11, 2026 | Price Increased |
$60,000
↑ $30K
(100%) | |
| Price Increased | |||
| Sep 11, 2026 | Price Decreased |
$30,000
↓ $40K
(57.1%) | |
| Price Decreased | |||
| Sep 16, 2025 | Listed | $70,000 | |
| Listed | |||
| | |||
|
Exclusively presented by Sunland Real Estate: Two lots together. This prime .59-acre oversized residential lot in prime South Lehigh Acres is ready for development. The property sits high and dry—outside any flood zone—ensuring peace of mind for future construction. Lehigh Acres is one of Southwest Florida’s fastest-growing areas, celebrated for its affordable land, welcoming neighborhoods, and close proximity to Fort Myers. From shopping and dining to the beautiful Gulf Coast beaches, everything is within easy reach. This is an ideal opportunity to secure your next project in a thriving community.
| |||
| Dec 30, 2024 | Listed by Sunland Real Estate, LLC. | $70,000 | |
| Listed by Sunland Real Estate, LLC. | |||
Property Highlights
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About Alabama
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017