12348 Hwy 59
About This Property
Listed By
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Jul 16, 2026 | Price Decreased |
$2,539,875
↓ $110K
(4.2%) | |
| Price Decreased | |||
| Mar 13, 2026 | Price Decreased |
$2,650,000
↓ $338K
(11.3%) | |
| Price Decreased | |||
| Jul 15, 2025 | Listed by Anne Vickery & Associates Realty, LLC | $2,988,000 | |
| Listed by Anne Vickery & Associates Realty, LLC | |||
| Jan 22, 2025 | No longer available | - | |
| No longer available | |||
| Mar 5, 2024 | Listed by Anne Vickery & Associates Realty, LLC | $2,640,800 | |
| Listed by Anne Vickery & Associates Realty, LLC | |||
| | |||
|
10.73-Ac unrestricted cleared land w/ excellent Hwy 59 (I-69) frontage, property also has access from Cole Drive and is Adjacent Mustang Cat Equipment Rental Center in Splendora, Water & Sewer provided by City of Splendora, Near Fostoria Rd, Hwy 99 (Grand Pkwy) & SH 242, Houston & IAH Bush Airport – 34 Min (30 Miles)
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017