320 Steve Tate Highway
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 |
|---|---|---|---|
| May 18, 2026 | Sold | ||
| Sold | |||
| Nov 6, 2025 | In contract | - | |
| In contract | |||
| Mar 1, 2025 | Listed by Norton Commercial Acreage Group | $1,650,000 | |
| Listed by Norton Commercial Acreage Group | |||
| May 10, 2024 | No longer available | - | |
| No longer available | |||
| Nov 14, 2023 | Listed by National Land Realty, Greenville, SC: Headquarters | $3,700,000 | |
| Listed by National Land Realty, Greenville, SC: Headquarters | |||
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The Foothills Square property consists of a single 27.5-acre tract that offers the possibility of a level Connector between 567′ of road frontage on Steve Tate Hwy, and 732′ of road frontage on Hwy 53. This property has the greatest commercial potential for miles around, and while currently zoned agricultural for holding purposes, its greatest developmental potential would fall under Pickens County’s Neighborhood Commercial “NC” Zoning classification. Substantial thought and research are going into developing the property as a “Town Square” to anchor surrounding development and establish a theme for controlled, intelligent, community, and environmentally friendly local area expansion. Below is an aerial of the property and surrounding area: The existing Modern Farmhouse, separate 2 story, 2 car Garage (both built in 2006) on the property offers income-producing revenue. The property was previously a Horse Farm, has an enormous 40’x66′ 2-Story Barn, which could also be rented to offset holding costs. Of course, the entire property would also be great for: an Estate Property; Events Venue; or Agritourism Destination. Disclaimer: The original owner (currently a co-owner) has allowed the property to fall into disrepair, and grounds, fencing, etc. would need upgrades prior to use again as a horse farm/equestrian center. So many options – a great place to park some cash in potentially hyper-inflationary times.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017