7
Map
186 Melton Drive
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 |
|---|---|---|---|
| Jul 8, 2026 | Price Decreased |
$120,000
↓ $10K
(7.7%) | |
| Price Decreased | |||
| May 26, 2026 | Listed by Coldwell Banker Paradise | $130,000 | |
| Listed by Coldwell Banker Paradise | |||
| Jan 10, 2022 | Sold | ||
| Sold | |||
| Aug 3, 2021 | Listed by Coldwell Banker Paradise | $79,900 | |
| Listed by Coldwell Banker Paradise | |||
| | |||
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General Commercial corner lot .35 Acre mostly cleared. (140 x 109). City water approximately 125 feet from the site(See utility map under documents tab). Located just of US Hwy 1 close to the dealerships, great location for a body or auto repair shop in desirable White City. Or great for your personal storage building for your boat and RV! (SW corner of Melton Dr and South 3rd St.). The property was recently annexed into the City of Fort Pierce see under documents tab.
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| Jun 6, 2021 | No longer available | - | |
| No longer available | |||
Property Highlights
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Price/ft²
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About Indian River Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017