5509 Cone Drive
About This Property
The property previously housed a mobile home, which has been removed, leaving behind valuable infrastructure already in place. Utilities are available, the water tap fee has been paid, and a septic tank is on the property, saving you significant time and expense.
A standout feature is the 24x25 steel building on a concrete foundation, complete with two large roll-up doors and a standard walk-through door-ideal for a workshop, storage, or small business operation.
Mature trees provide shade and character, while the central location puts you just minutes from Publix, Bob Sikes Airport, and Downtown Crestview. Just 30 minutes to Eglin AFB.
If you're looking for flexibility, functionality, and a location that truly delivers convenience, this property checks every box. Bring your plans and make it yours.
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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 |
|---|---|---|---|
| Aug 25, 2026 | Price Decreased |
$99,500
↓ $11K
(9.6%) | |
| Price Decreased | |||
| Jun 6, 2026 | Price Decreased |
$110,000
↓ $10K
(8.3%) | |
| Price Decreased | |||
| Jan 22, 2026 | Listed by Back Stage Realty | $120,000 | |
| Listed by Back Stage Realty | |||
| Mar 11, 2022 | Sold | ||
| Sold | |||
| Aug 7, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017