4000 LOMONICO ROAD
About This Property
Surrounded by natural Florida landscape, the property provides space, privacy, and flexibility for those looking to build away from the congestion of more densely populated areas. The setting offers a quiet, country feel while still allowing access to the greater Sebring and Lake Placid areas for shopping, dining, and daily necessities.
With no existing structures on site, it's a true blank canvas ready for your vision. Whether you're planning to build now or secure land for the future, this 1.25-acre tract presents a solid opportunity in Highlands County.
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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 |
|---|---|---|---|
| Jun 2, 2026 | Price Decreased |
$29,500
↓ $5K
(14.5%) | |
| Price Decreased | |||
| May 18, 2026 | Price Decreased |
$34,500
↓ $5K
(11.5%) | |
| Price Decreased | |||
| Mar 6, 2026 | Price Decreased |
$39,000
↓ $8K
(17%) | |
| Price Decreased | |||
| Feb 20, 2026 | Listed by EXP REALTY LLC | $47,000 | |
| Listed by EXP REALTY LLC | |||
| Oct 31, 2025 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017