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809 N FORT HARRISON AVENUE
About This Property
Located just minutes from Downtown Clearwater, the property sits in an area experiencing significant growth, revitalization, and investment. Surrounded by new development, local businesses, dining, entertainment, and the waterfront, this site is ideal for investors, developers, or owner-users looking to be part of Clearwater's vibrant and evolving future.
Whether you are looking to build a commercial presence, develop residential units, or secure land in one of Tampa Bay's emerging urban districts, this property offers outstanding upside potential in a prime location.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017