7720 COUNTY ROAD 214
About This Property
platted lots ranging from 1 to 18 acres in size. The current use of the property is an active potato farm. However, the future highest and best use of this property is residential subdivision development. The central location with excellent access and frontage on the St. Johns River, County Road 13 North, and County 214 allows for multiple development scenarios. Enjoy seasonal farm lease income from agricultural production while plans and financing arrangements are made in order to obtain entitlements and approvals for future residential intensive development.
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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 29, 2023 | Sold | ||
| Sold | |||
| Sep 28, 2023 | Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | $18,000,000 | |
| Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | |||
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About St. Johns
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Last Updated: 3 years ago
Data Source: Real MLS, MLS# 2000521
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