610 Railroad STREET
About This Property
Situated on 3.14 acres with transient lodging zoning under a planned development within the county land development code, the property is located just off State Road 674 (19,300 AADT) and only minutes from national grocers, retail, and service providers. The site also offers quick access to the I-75 interchange to the west.
Wimauma is one of Central Florida's emerging boomtowns, with the population of this unincorporated community more than doubling since 2010. Located approximately 30 miles southeast of Tampa, the area is experiencing substantial residential growth, including Metro Lagoons Southshore Bay (3,000± homes at full buildout), Sunshine Village (2,800± homes), DG Farms/Sereno (2,700± homes), along with several additional master-planned communities. The immediate trade area includes a strong mix of active adult and family households, creating diverse demand drivers for retail, medical, service, and specialty commercial uses.
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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.
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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 |
|---|---|---|---|
| Apr 2, 2026 | Listed by CENTURY 21 J.W.MORTON R.E. | $3,750,000 | |
| Listed by CENTURY 21 J.W.MORTON R.E. | |||
| Jul 3, 2004 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017