6
Map
401 Pelican 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 |
|---|---|---|---|
| Oct 8, 2026 | Listed by eXp Realty LLC | $450,000 | |
| Listed by eXp Realty LLC | |||
| May 13, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Mar 14, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Mar 13, 2026 | Listed by eXp Realty LLC | $450,000 | |
| Listed by eXp Realty LLC | |||
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This excellent property, spanning over 11 acres, is located just minutes from Highway 59. It offers unrestricted commercial use, making it ideal for building a business or even a combined home and business. As unimproved land near Highway 59, it presents unlimited opportunities, especially with its great growth potential for new subdivisions or shopping centers in the area.
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| Jan 14, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017