301 Birch Street
About This Property
Unbeatable visibility and access on the northbound feeder road (I-69/US-59) via exit FM 2025. This versatile tract features high-traffic frontage with flexible ingress/egress from Hickory St, Birch St, and Washington Ave, leading directly to downtown Cleveland. The site includes a concrete slab from a previous structure (with potential septic on-site) and significant undeveloped acreage ready for development. Ideal for commercial, retail, or multi/single-family residential use.
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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 |
|---|---|---|---|
| Aug 25, 2026 | Price Decreased |
$749,900
↓ $90K
(10.7%) | |
| Price Decreased | |||
| Apr 3, 2026 | Listed by JLA Realty | $840,000 | |
| Listed by JLA Realty | |||
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About Cleveland
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017