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1300 JACKSONVILLE SMITHVILLE ROAD
About This Property
While previously zoned light industrial, the property is now intended for agricultural use only, presenting a unique opportunity for farmers, nursery operators, or long-term land investors seeking to expand their footprint in a highly active farming region.
The acreage offers scale and flexibility for a variety of agricultural applications, including crop production, nursery or landscape operations, and related farm structures. Its location within close proximity to established farming operations makes it especially well-suited for local operators looking to add to existing holdings.
This is not a development opportunity, but rather a strategic land acquisition for those focused on agricultural use, long-term investment, or potential participation in farmland preservation programs.
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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 |
|---|---|---|---|
| Nov 23, 2020 | Listed by ERA Central Realty Group - Bordentown | $1,200,000 | |
| Listed by ERA Central Realty Group - Bordentown | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017