0 N Wickham Road
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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 |
|---|---|---|---|
| Oct 3, 2023 | No longer available | - | |
| No longer available | |||
| Mar 17, 2023 | No longer available | - | |
| No longer available | |||
| Nov 3, 2022 | Listed by Spectrum, Inc. | $279,900 | |
| Listed by Spectrum, Inc. | |||
| | |||
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Rare opportunity to build medical, professional office or multifamily on Wickham Road with High Traffic Count (Almost 40,000 CPD) & Visibility in the Heart of Melbourne, East side of Wickham Rd just North of Lake Washington Rd! This lot will fit approximately a 3,000 to 4,000 sqft building of single or multi unit use depending on layout. Owner will consider financing with substantial down payment! Price was just reduced 25k!
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| Jun 1, 2022 | Relisted | $249,000 | |
| Relisted | |||
| May 24, 2022 | No longer available | - | |
| No longer available | |||
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About Melbourne
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017