40263 Townsend ROAD
About This Property
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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%.
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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.
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 25, 2021 | Sold | ||
| Sold | |||
| Feb 19, 2021 | Listed by COLDWELL BANKER AQUATERRA REALTY | $395,000 | |
| Listed by COLDWELL BANKER AQUATERRA REALTY | |||
| Jan 25, 2019 | No longer available | - | |
| No longer available | |||
| Oct 6, 2018 | Listed | $400,000 | |
| Listed | |||
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Located in the Future Growth Corridor of Industrial Business, cleared and fully fenced 5-acre corner lot with access to both Old Lakeland Hwy, CR 35, which is the direct connection to Hwy 98 leading to Orlando/I-4 and newly developed Hwy 56 leading into the Wesley Chapel/New Tampa area/I-75/275. Also Townsend Road which leads directly to Hwy 98. This site has a FLU of L-I allowing buildings up to 60' in height; 2 entrances, one on direct CR 35 frontage of 555 ft, accompanying 598 frontage on Townsend Rd. Townsend Rd is to become fully paved in the future. Well and septic in place. Property can accommodate multiple septic systems if need be. Water lines close by for future use. Teco Natural Gas Line located in front of property that goes to the Port of Tampa. Just outside of town, near railroads. Over 1700 home community to be built in town not far from this parcel. Neighboring parcels of over 20 acres also available if needed. Fantastic location for the future development coming into this area!
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| Apr 17, 2017 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017