1200 Highway 6
About This Property
Great location for retail or restaurant on Hwy 6, just off of the Hwy 90 intersection and next to the Best Western Hotel and Shell station. The City of Navasota fosters a business-friendly environment. They are always open to inquiring new businesses. 167.63 feet of frontage on Hwy 6 with Access Easement to N. Hwy 90. No flood plain. Drainage culvert under highway. All utilities available. Detention Required.
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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 |
|---|---|---|---|
| Feb 12, 2024 | Listed by Coldwell Banker Properties Unlimited | $300,000 | |
| Listed by Coldwell Banker Properties Unlimited | |||
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Last Updated: 2 years ago
Data Source: HAR , MLS# 51738782
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