1124 Route31
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Cap Rate Calculator
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, 2024 | Price Decreased |
$499,000
↓ $51K
(9.3%) | |
| Price Decreased | |||
| Jan 3, 2024 | Listed | $550,000 | |
| Listed | |||
| | |||
|
Recent appraisal is done. Survey is completed. Phase one is finished and the property is clean. Space for 5000+ sq ft commercial building. Zoned OB-1. Uses include office buildings, medical offices, banks, municipal buildings, nursery schools, funeral home, nursing home, vocational school, computer and data processing center, central telephone exchange, child care center, ambulatory care facility, assisted living residences, and residential health care facilities. The Owner is in the process of getting approvals for medical office space. 4 miles from Hunterdon Medical Center. In Clinton Twp.
| |||
| Dec 18, 2023 | Sold | ||
| Sold | |||
| Oct 11, 2023 | In contract | - | |
| In contract | |||
| Jun 11, 2019 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017