32268 MCCARY ROAD
About This Property
Adding to its appeal, the property has been recently surveyed and includes an approved DNREC site evaluation for a septic system, valid through March 6, 2029. The parcel also features an existing entrance with a DELDOT No Objection to Recordation dated January 13, 2025, with Lot 1 and the residual lands sharing a single access from SCR 385 via the existing entrance. Whether you're looking to build now or invest for the future, this is an exceptional opportunity to secure land in one of Sussex County's most desirable and growing areas.
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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 22, 2026 | Price Decreased |
$350,000
↓ $49K
(12.3%) | |
| Price Decreased | |||
| Mar 26, 2026 | Listed by Long & Foster Real Estate, Inc. | $399,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017