5400 CO RD 218
About This Property
Don't miss this excellent opportunity to own a corner lot at the intersection of CR 218 & David's Place. Located in a rapidly growing area of Clay County, this parcel offers high visibility and easy access, making it ideal for future development. See Document Tab for
Zoning Description: BB-2 (Per Clay County Zoning Department) Suitable for a wide range of commercial uses.
Whether you're looking to invest or build, this lot is perfectly positioned for success in one of the county's most dynamic corridors. Survey is on file. *SELLER WILL HOLD MORTGAGE IF NEEDED*
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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 |
|---|---|---|---|
| Sep 5, 2026 | Listed by WATSON REALTY CORP | $300,000 | |
| Listed by WATSON REALTY CORP | |||
| Sep 8, 2025 | Listed by WATSON REALTY CORP | $285,000 | |
| Listed by WATSON REALTY CORP | |||
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PRIME CORNER LOT IN BOOMING CLAY COUNTY! Cleared & Ready for Development.
Don't miss this excellent opportunity to own a corner lot at the intersection of CR 218 & David's Place. Located in a rapidly growing area of Clay County, this parcel offers high visibility and easy access, making it ideal for future development. See Document Tab for
Zoning Description: BB-2 (Per Clay County Zoning Department) Suitable for a wide range of commercial uses. Refer to the ''Documents'' tab for full zoning details.
Whether you're looking to invest or build, this lot is perfectly positioned for success in one of the county's most dynamic corridors. Survey is on file. *SELLER WILL HOLD MORTGAGE IF NEEDED*
| |||
| Jan 3, 2006 | Sold | ||
| Sold | |||
| Aug 1, 2005 | Listed by WATSON REALTY CORP | $150,000 | |
| Listed by WATSON REALTY CORP | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017