3228 & 3164 W Laurel STREET
About This Property
Surrounded by major national retailers such as Target, Walmart, ALDI, McDonald's, Panera, Texas Roadhouse, Starbucks, and Panda Express, this corridor is the epicenter of Lecanto's commercial expansion. Directly across the street, DR Horton is developing 957 new homes and more than 30 acres of planned commercial space. Additional large-scale residential developments-including Metro Development's 4,933-unit master-planned community and Citrus Hills' Davos Reserve-are driving strong demand for retail, services, and medical facilities.
Located just one mile from the Suncoast Parkway (589) and 55 miles from Tampa International Airport, the property is positioned for long-term growth within the Tampa–St. Petersburg MSA. Excellent demographics with more than 66,000 residents within 15 minutes. Ideal for developers seeking a high-visibility, high-growth location suitable for a variety of commercial or mixed-use concepts.
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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 |
|---|---|---|---|
| Jan 3, 2026 | Price Decreased |
$870,000
↓ $25K
(2.8%) | |
| Price Decreased | |||
| Nov 20, 2025 | Listed by CENTURY 21 J.W.MORTON R.E. | $895,000 | |
| Listed by CENTURY 21 J.W.MORTON R.E. | |||
| May 1, 2011 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017