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About This Property
420 FEET DIRECT STATE ROAD 520!!! Prime frontage on King Street in between Cocoa Hyundai and Amber Acres Feed/Infinite Audio Car Stereo. Lot is 80' deep on the west side and approximately 60 feet deep on the east side. Seller has environmental survey on hand. One billboard on the property brings in monthly revenue and lot is buildable. Preliminary site plan for a car wash available.
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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 |
|---|---|---|---|
| Jun 25, 2024 | Sold | ||
| Sold | |||
| May 20, 2024 | In contract | - | |
| In contract | |||
| Mar 26, 2024 | Listed by Epique Realty Inc. | $125,000 | |
| Listed by Epique Realty Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017