3800 Mccain Road
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 |
|---|---|---|---|
| Sep 24, 2026 | Listed by Century 21 Affiliated - Jackson | $250,000 | |
| Listed by Century 21 Affiliated - Jackson | |||
| Sep 18, 2026 | No longer available | - | |
| No longer available | |||
| Aug 9, 2026 | Price Decreased |
$274,900
↓ $15K
(5.2%) | |
| Price Decreased | |||
| Mar 27, 2026 | Listed by Century 21 Affiliated - Jackson | $289,900 | |
| Listed by Century 21 Affiliated - Jackson | |||
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Prime 15.12-acre development opportunity in a highly sought-after location! Positioned in Summit Township with frontage on both McCain Rd and Thorncrest, this property offers exceptional visibility and access. Ideal for condos, single-family homes, or potential multi-family development. Originally intended to serve as the next phase of the established Stoneridge Creek Condo development, this parcel presents a rare opportunity to expand within a proven and desirable community setting. Located near Paragon Charter Academy, Lumen Christi, and Jackson Christian schools. Enjoy quick access to Arbor Hills Golf Club and Hickory Hills Golf Club for added lifestyle appeal. Preliminary development concepts on file indicate potential for up to 60 condo units. Zoned PR1, with natural gas, electric, and water/sewer available at the street--making this a strong candidate for your next development. Lot lines in photos are approximate.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017