316 Sunset Rd
About This Property
Situated in a desirable residential area, this $30,000 property offers convenient access to Englewood East (approximately 2.91 miles), Miss Heidi's Preschool (1.89 miles), Grove City Walking Park (1.72 miles), Walgreens Pharmacy (1.71 miles), and other local amenities including additional schools, medical services, and shopping options within 2 miles. The lot is located in Flood Zone AE, a high-risk 100-year floodplain area requiring the structure's lowest floor to be elevated above the base flood elevation (BFE), which increases foundation and construction costs. Mandatory purchase of flood insurance is required, with rates based on elevation compliance and proximity to the BFE. The property is subject to strict local floodplain management ordinances, including potential need for engineered plans, flood vents, and permits that may limit building footprint or design. No wetlands present on the lot, allowing for full utilization without additional federal, state, or local restrictions, permitting hurdles, or mitigation requirements related to wetland protection. Buyer should contact Charlotte County Planning Department for a Zoning Verification Letter and to verify all zoning, setbacks, utility availability, and development requirements. The property is available for a self-guided tour. Subleasing is not permitted. This lot is not available for rent or lease.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 21, 2025 | Listed by Sunland Real Estate, LLC. | $30,000 | |
| Listed by Sunland Real Estate, LLC. | |||
| Jun 20, 2022 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017