3771 US Highway 421 Highway N
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 |
|---|---|---|---|
| Jan 19, 2026 | Listed by A PLUS Realty | $1,995,000 | |
| Listed by A PLUS Realty | |||
| Jan 1, 2026 | No longer available | - | |
| No longer available | |||
| Jul 31, 2025 | Listed by A PLUS Realty | $1,995,000 | |
| Listed by A PLUS Realty | |||
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Nearly 45 acres of unrestricted land fronting Hwy 421 less than one mile outside of Boone Town limits. Property consists of 3 parcels with 444 ft of frontage on Hwy 421 and 303 ft of frontage on Greer Lane. Trivette Branch runs the length of the property. Power and telephone is available to the land. Many possible uses for this special property. The proposed future widening of HWY 421 may actually increase the properties road frontage. Please see future widening project information for Hwy 321/421 by visiting the following website. https://ncdot.publicinput.com/R3320.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017