16618 County Road 831
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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 |
|---|---|---|---|
| Aug 6, 2026 | Price Decreased |
$349,000
↓ $11K
(3.1%) | |
| Price Decreased | |||
| May 12, 2026 | Listed by NB Elite Realty | $360,000 | |
| Listed by NB Elite Realty | |||
| Mar 12, 2025 | Sold | ||
| Sold | |||
| Feb 7, 2025 | In contract | - | |
| In contract | |||
| Nov 6, 2024 | Listed by RE/MAX American Dream | $390,000 | |
| Listed by RE/MAX American Dream | |||
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This 2-acre lot is situated at the intersection of Bailey Rd/CR 101 and Holland Rd/CR 831. Bailey Rd has recently been expanded, connecting Highway 35 to Highway 288. The property boasts 293 feet of frontage on Bailey/CR 101 and comes with a 575-foot well and a septic system, though its current operational status is unknown. Its excellent location near Hwy 288 and Hwy 35, along with two existing driveways off Holland Rd/CR 831 and an almost square shape, makes it an ideal plot for construction. Prospective buyers should confirm zoning and any upcoming development plans.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017