6864 HOWALT Drive
About This Property
The rich history of this area dates back to 1958 when the Wurn-Arlington Construction Co. began developing the subdivision. With a vision for creating a vibrant community space, they constructed a recreation building, a sparkling swimming pool, tennis courts, and an inviting play area. In 1962, these amenities were sold to the neighborhood association, Fort Caroline Club, Inc., cementing their status as the heart of local community life.
A significant milestone occurred in 1984 when the Club, excluding the recreation building (clubhouse), entered into an agreement with the City. This forward-thinking arrangement allowed the general public to enjoy the recreation facilities, broadening their impact and accessibility. The relationship between the Club and the City deepened further in 2001 when all of the property was sold to the City, ensuring its continued use for public benefit.
For over three and a half decades, the Club has proudly served as the home of the Flying Fish Swim Team. This beloved local institution offers children aged 4 to 18 the opportunity to develop their swimming skills, fostering a sense of teamwork and healthy competition.
The community center itself is a jewel in the neighborhood's crown. Surrounded by lush, attractive trees, it offers visitors a breathtaking panoramic view of the St. Johns River. This scenic backdrop provides an inspiring setting for the diverse recreational activities hosted at the center. Open to the public Monday through Friday during daytime hours, the center serves as a vital gathering place for local residents and visitors alike.
With its blend of natural beauty, rich history, and community-focused amenities, the Fort Caroline Community Center stands as a testament to the neighborhood's commitment to quality of life and public recreation. Whether you're a sports enthusiast, nature lover, or simply seeking a place to connect with your community, this center offers something for everyone, making it a true asset to the Fort Caroline area.
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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.
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About Greater Arlington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017