18118 Strack Drive
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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%.
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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 12, 2022 | Sold | ||
| Sold | |||
| May 20, 2022 | Listed by eXp Realty, LLC | $725,000 | |
| Listed by eXp Realty, LLC | |||
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Great Spring Location just off Louetta Rd, near I-45, and near 99 Grand Parkway! Approximately 4,000 sq. ft. office conversion on approx. 0.5 of an acre with parking • Approximately 1.5 Acres of chain link fenced, stabilized, outside storage yard • Approximately 2,000 sq. ft. of newer metal warehouse, with roll up doors • 2,000 sq. ft. of older barn/warehouse conversion.
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| Nov 12, 2020 | Listed by Caldwell Companies | $800,000 | |
| Listed by Caldwell Companies | |||
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• 4,000’ office conversion on approx. 0.5 of an acre with parking
• Approx 1.5 Acres of chain link fenced, stabilized, outside storage yard
• 2,000’ of newer metal warehouse, with roll up doors
• 2,000’ of older barn/warehouse conversion
• Great Spring Location just off Louetta Rd, near I-45, and near 99 Grand Parkway
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017