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4615 Evans Lane
About This Property
Unlock the potential of this exceptional vacant lot located near Palm Beach International Airport (PBI). Offering an enviable position for constructing your dream home, this property is ready for connection to public water and a septic system. Its proximity to Southern Blvd ensures you're just moments away from major roads, making travel and daily errands incredibly convenient. Take advantage of this strategic location to build a beautiful residence in a highly desirable area. Act now to claim this prime piece of land and turn your vision into reality!
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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 |
|---|---|---|---|
| Jul 18, 2025 | Sold | ||
| Sold | |||
| Aug 7, 2024 | Listed by Purple Cow Realty LLC | $299,000 | |
| Listed by Purple Cow Realty LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017