4800 US-1
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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 |
|---|---|---|---|
| Jan 20, 2023 | Sold | ||
| Sold | |||
| Feb 14, 2022 | Listed by PALM WAVE REALTY | $6,800,000 | |
| Listed by PALM WAVE REALTY | |||
| Dec 30, 2021 | Listed by PALM WAVE REALTY | $6,800,000 | |
| Listed by PALM WAVE REALTY | |||
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|
Beautiful lakefront site for a profitable multi-family development in Flagler County, one of the fastest growing counties in America. Two brand new hospitals planned in the immediate area. The parcel is site approved for 256 apartments & includes a 7.08 acre com outparcel or can also add 80 more units. Master Development approval has been completed. The city is excited to embrace and break ground. Palm Coast area is accelerating with newcomers. There is an increased demand for housing, especially apartments. This property is in close proximity to historic St. Augustine and is a quick 15 minute drive to the Ocean. World famous Daytona Beach is a short drive South. This beautiful parcel is also in very close proximity to great shopping and popular restaurants in Palm Coast. Golden opportunity in a fast growing area. Land development projects like this will not last long. Water and sewer currently in process. Engineers have started design plans for approval water expected to site mid 2022
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| Sep 8, 2021 | Sold | ||
| Sold | |||
| Nov 12, 2020 | Listed by PALM WAVE REALTY | $4,490,000 | |
| Listed by PALM WAVE REALTY | |||
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Great site for a beautiful and profitable multi-family development. Perfect for the investor who is ready to break ground- this parcel is site approved for 256 apartments. Master Development approval to develop has been completed. The city is excited to embrace the project and break ground. The Palm Coast area is accelerating with newcomers with multiple opportunities being presented in our area. There is an increased demand for apartments. This property is in close proximity to historic St. Augustine and is a quick 15 minute drive to the Ocean. World famous Daytona Beach is a short drive south. Parcel is also in very close proximity to great shopping and popular restaurants in Palm Coast. This is a golden opportunity in a fast growing area.
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About Palm Coast
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Last Updated: 2 years ago
Data Source: Real MLS, MLS# 1153720
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