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Map
20216 Mesa
About This Property
The fully insulated shop is equipped with water, power, and two roll-up doors, offering plenty of room for vehicles, projects, hobbies, and storage. Out back, a gazebo provides a comfortable place to relax and enjoy the property, while the front yard features low-maintenance xeriscape with drainage already in place.
With a newer home, plenty of room to spread out, a substantial shop, and a horse-friendly setup, this property brings together features that can be hard to find, especially at this great price.
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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 |
|---|---|---|---|
| Oct 14, 2026 | Sold | ||
| Sold | |||
| Sep 24, 2026 | In contract | - | |
| In contract | |||
| Sep 21, 2026 | Listed by Watson Realty | $340,000 | |
| Listed by Watson Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017