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About This Property
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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 17, 2026 | In contract | - | |
| In contract | |||
| Aug 4, 2026 | Listed by Keller Williams Pinnacle Central | $900,000 | |
| Listed by Keller Williams Pinnacle Central | |||
| Aug 1, 2026 | No longer available | - | |
| No longer available | |||
| Jan 14, 2026 | Listed by Keller Williams Pinnacle Central | $900,000 | |
| Listed by Keller Williams Pinnacle Central | |||
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Tremendous potential with this 13.41-acre parcel ideally positioned on the southbound side of Route 146, offering excellent visibility and access. According to the seller, the property was previously engineered and approved for building, with documentation available through the Millbury Planning Board. Per the owner, the property is zoned I-2, allowing for commercial amusements and recreation, marijuana dispensaries, and retail sales and services, with potential for industrial, commercial, and/or residential use. The land is predominantly wooded, and additional land may be available. The site is complemented by modern northbound and southbound turnaround access points located within approximately 1.5 miles. Property is located in an MBTA community.
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| Dec 9, 2015 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017