175 Barton Boulevard
About This Property
40 x 60 metal building on .46 acres zoned for automotive, warehouse, distribution and trucking. Property has been an automotive repair business for over 30 years and the owner is retiring. Property is grand-fathered with the current use, if you want to change the use it would change to C-2 General Commercial. Great opportunity to operate a business on the main commercial district in Rockledge with major traffic flow daily. Property like this rarely comes up for sale due to high demand in this area. Many possibilities here to open your business in Beautiful Rockledge.
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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 |
|---|---|---|---|
| Feb 20, 2018 | Sold | ||
| Sold | |||
| Nov 19, 2017 | Listed by RE/MAX Aerospace Realty | $199,900 | |
| Listed by RE/MAX Aerospace Realty | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/19/2017
| |
Loft
|
-
|
-
|
$199,900
Loft
-
|
$180,000
-9.95%
02/20/2018
|
Don Wood
RE/MAX Aerospace Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017