4055 GERONA AVENUE
About This Property
Whether held for future appreciation, future construction, or as part of a long-term investment strategy, this lot offers flexibility in a region seeing continued residential expansion. Conveniently positioned near shopping, dining, schools, and recreation, the property benefits from proximity to everyday amenities while still offering a quiet residential setting.
As development continues throughout Highlands County, opportunities to secure residential land in emerging areas like this are becoming increasingly limited. Consider this a timely chance to invest in the future growth of Central Florida land!
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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 |
|---|---|---|---|
| Mar 24, 2026 | Listed by NEW BUILD SERVICES | $8,500 | |
| Listed by NEW BUILD SERVICES | |||
| Aug 30, 2005 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017