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HOULE LOT 7 AVENUE
About This Property
Situated in a desirable location, this single platted residential lot offers a world of opportunity for homeowners or investors. Whether you envision building a custom dream home or holding the property for future use, this site delivers flexibility in a high-demand area.
With Sarasota's thriving real estate market and the property's strategic proximity to downtown Sarasota, shopping, dining, schools, medical facilities, and major roadways, this offering combines convenience with long-term potential. With no HOA and residential zoning, it presents an excellent opportunity for buyers seeking value and versatility.
All potential development or rezoning considerations are subject to local zoning regulations and buyer due diligence. Two lots are available and may be sold separately, providing an option for buyers seeking additional land, subject to availability MLS ID A4675837
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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 |
|---|---|---|---|
| Oct 14, 2026 | In contract | - | |
| In contract | |||
| Jun 7, 2026 | Price Decreased |
$129,000
↓ $10K
(7.2%) | |
| Price Decreased | |||
| Feb 3, 2026 | Listed by CALL IT CLOSED INTL REALTY | $139,000 | |
| Listed by CALL IT CLOSED INTL REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017