Are there any Sunshine Corridor station-area parcels that can produce current income while being held?

Yes, and this is the preferred acquisition structure when available. The cash-flowing land banking thesis targets triple-net leased commercial buildings at station-area locations: car washes, fast food restaurants, auto service facilities, and small retail buildings on commercial-zoned land. These properties can be acquired for their NNN income stream and simultaneously held for transit upside. The NNN income offsets holding costs during the land banking period, materially reducing or eliminating the annual carry cost that pure land banking requires. Example: a car wash on a 0.75-acre parcel at $65/SF generating $180,000/year NNN produces a 6.3% going-in cap rate today and embeds a land banking option with potential 40 to 65% uplift at transit opening. The acquisition basis must reflect both the NNN going-in cap rate (6 to 8% for I-Drive commercial) and the land banking option embedded in the station proximity. The challenge: NNN-leased properties in station influence zones are increasingly recognized by the market, and cap rates have compressed by 50 to 75 basis points in the OCCC and I-Drive corridors since the PDE announcement. The best opportunities are NNN properties with 3 to 5 years remaining on the lease, where the seller is pricing the property on the income stream and the buyer is underwriting the residual land value at lease expiration, which coincides with the transit premium window. This structure, cash-flowing land banking, is the ideal Sunshine Corridor acquisition thesis for investors who cannot afford pure carry.