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54283 MARLEE Road
About This Property
Discover the possibilities on this beautiful homesite with frontage on Lem Turner Road in Callahan. Tract 4 offers an opportunity to own a spacious piece of North Florida land with room to create the property you've been envisioning. Enjoy the peaceful, country setting while still being conveniently located to Callahan and the surrounding areas. Whether you're looking to build your dream home, establish a private retreat, or invest in land for the future, this tract offers plenty of potential. Bring your plans and your vision. Opportunities like this are becoming harder to find! Buyer to verify zoning, building requirements, utilities, access, dimensions, and all other property-specific information with Nassau County and applicable authorities.
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Cap Rate Calculator
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 17, 2026 | Price Decreased |
$69,900
↓ $27K
(27.6%) | |
| Price Decreased | |||
| Aug 27, 2026 | Listed by COLDWELL BANKER VANGUARD REALTY | $96,500 | |
| Listed by COLDWELL BANKER VANGUARD REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017