1093 Lemons Gap Road
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 |
|---|---|---|---|
| Oct 3, 2026 | Price Decreased |
$549,000
↓ $50K
(8.4%) | |
| Price Decreased | |||
| Aug 6, 2026 | Listed by Sendero Properties, LLC | $599,000 | |
| Listed by Sendero Properties, LLC | |||
| Jul 7, 2020 | No longer available | - | |
| No longer available | |||
| Jan 8, 2020 | Listed | $409,500 | |
| Listed | |||
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Approximately 63 acre building site located on a hilltop with a 165 feet elevation change in Lemons Gap area of Jim Ned with great views. Steamboat mountain water has been purchased but not installed. This tract is currently part of larger tract.
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| Dec 26, 2019 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017