Lot 187 Gardner Rd
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 |
|---|---|---|---|
| Sep 14, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Aug 17, 2026 | Listed by Four Columns Realty, LLC | $499,000 | |
| Listed by Four Columns Realty, LLC | |||
| Dec 17, 2025 | Listed by K&G Realty Services, LLC | $525,000 | |
| Listed by K&G Realty Services, LLC | |||
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Located on the 140Corridor used by 10,965 cars daily, according to MassDOT, with 3-phase power and approximately 315’ to the Route 12 & 140 junction and municipal water access. Are you looking for a site for a retail or convenience store? Maybe a service shop like a barber, tailoring, print shop or dry cleaner? It seems the zoning allows for these as well as a restaurant, movie theater, bowling alley, bank or other financial institution, professional offices and a carwash. There is also a note in the Town Zoning Districts Use Table regarding Residential Development. Notably this site has timber to harvest and the owner retains all timber rights.
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| Sep 26, 2025 | No longer available | - | |
| No longer available | |||
| Aug 15, 2025 | Price Decreased |
$534,000
↓ $66K
(11%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017