5285 BIG OAK Road S
About This Property
Live & Work from home on this beautiful piece of property conveniently located just north of the historic district. With just under 1.5 Acres of land, this property boasts a renovated 3 Bed 2 Bath Manufactured Home that has been well maintained by its owner, a small cottage in the back for some additional living space & last but certainly not least a nearly 3,500 Square Foot Concrete Block workshop, with approx. 1,500 sq/ft being ''Showroom'' quality space. This is an ideal situation for someone in need of some breathing room between neighbors & storage space for recreational toys, vintage cars or sizable construction equipment. With warehouse space being so hard to come by in this area, this property gives you the opportunity to acquire substantial square footage, potential rental income from the Home on property & easy access to both St. Augustine and Jacksonville via US1. OR Zoning & AD (Airport Development) Land use which has many allowable uses. Buyer to confirm all information & capability to utilize property as they wish.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017