12280 Almeda Road
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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%.
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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 |
|---|---|---|---|
| May 20, 2024 | Sold | ||
| Sold | |||
| Apr 16, 2024 | In contract | - | |
| In contract | |||
| Mar 19, 2024 | Listed by Better Homes and Gardens Real Estate Gary Greene - | $475,000 | |
| Listed by Better Homes and Gardens Real Estate Gary Greene - | |||
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Great location and easy access to downtown and medical center and 610 loop and Hwy 288 This property is like a ball of clay - you can shape it into whatever you want. It is being sold for lot value only, and there is new construction behind it. This strip center could be used for commercial purposes. The building is 3200 sq. ft., with 20% of it unfinished. It is located on a corner with 26,632 sq. ft. of land.
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Property Highlights
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About Southwest Houston
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Currently no similar homes aroundNearby Rentals
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017