2618 Highway 3 Lot 7
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 |
|---|---|---|---|
| Feb 25, 2025 | Sold | ||
| Sold | |||
| Jan 7, 2025 | In contract | - | |
| In contract | |||
| Sep 6, 2024 | Listed by AEA Realty, LLC | $27,500 | |
| Listed by AEA Realty, LLC | |||
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Located at 2618 Highway 3, this expansive lot presents a fantastic opportunity to build your dream home or investment property. Note that Lots 7 and 8 are distinct parcels, each offering unique advantages. With easy access to major highways, this property is ideally positioned for both residential and commercial possibilities. The area is rapidly developing, providing a perfect blend of convenience and growth potential. Don’t miss out on securing a prime piece of real estate in a thriving community!
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| Jan 2, 2024 | No longer available | - | |
| No longer available | |||
| May 17, 2023 | Listed by Bayou, REALTORS | $45,000 | |
| Listed by Bayou, REALTORS | |||
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Beautiful empty lot for sale! Located in Dickinson near the intersection of Hwy 3 and 27th St, this prime piece of real estate is perfect for commercial use. Situated in a convenient location, this interior lot is surrounded by services and amenities, this land is the perfect place for your business. This is Interior Lot 8 BLK 125. This lot must be purchased with the adjacent Corner Lot 7, BLK 125 which is available under MLS# 45221584. Don’t miss your chance to own this amazing lot, contact us today for more information!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017