21316 Loop 494
About This Property
All utilities are in place. Property has 60x90 metal building in excellent condition with established office and warehouse space. 32x45 secondary shop area, currently being used for commercial activity. Front 2 acres cleared with remaining rear acreage wooded. Perfect location for residential and commercial building.
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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 |
|---|---|---|---|
| Jun 14, 2021 | Sold | ||
| Sold | |||
| Nov 16, 2020 | Listed by St. John Premier Properties | $1,100,000 | |
| Listed by St. John Premier Properties | |||
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Unrestricted 4.88 Acres with 259' of Frontage on Loop 494, high traffic area, close to SH 99, I-59/69 and Beltway 8.
All utilities are in place. Property has 60x90 metal building in excellent condition with established office and warehouse space. 32x45 secondary shop area, currently being used for commercial activity. Front 2 acres cleared with remaining rear acreage wooded. Perfect location for residential and commercial building.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017