15870 Highway 59 Highway
About This Property
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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 18, 2025 | Sold | ||
| Sold | |||
| Nov 22, 2024 | In contract | - | |
| In contract | |||
| Feb 21, 2024 | Listed by Keller Williams Signature | $349,900 | |
| Listed by Keller Williams Signature | |||
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3.87 UNRESTRICTED ACRES LOCATED ON HIGHWAY 59 IN SPLENDORA! LOCATED JUST SOUTH OF BUCK ROAD. THIS PROPERTY CAN BE RESIDENTIAL OR COMMERCIAL. PERFECT FOR COMMERCIAL WITH FRONTAGE ON HWY 59! LOCATED JUST MINUTES FROM WATERPARKS AND OTHER NEW ATTRACTIONS IN THIS MAJOR GROWTH AREA. EXCELLENT VISIBILITY FROM HWY 59 WITH HIGH TRAFFIC COUNT PERFECT FOR ALL BUSINESS TYPES.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017