50
Map
3807 Pinemont Drive
About This Property
Endless opportunities for this Approximately 82,492 square feet or 1.894 acres of commercial property. This property currently has about 20,260 square feet of warehouse space used as an industrial facility/fabrication shop with 600 amp service 240/120 3 phase 4 wire with a 208 high leg. This is a functional industrial facility at its current setup or could be used for a great townhome development etc. Buyer to independently verify property size; power supply and water/sewer service. Overhead doors are 12X14.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Dec 3, 2025 | Sold | ||
| Sold | |||
| Jul 20, 2025 | In contract | - | |
| In contract | |||
| Apr 29, 2025 | Price Decreased |
$2,000,000
↓ $250K
(11.1%) | |
| Price Decreased | |||
| Oct 10, 2024 | Listed by R Group Realtors | $2,250,000 | |
| Listed by R Group Realtors | |||
Property Highlights
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About North Houston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017