38
Map
501 Main Street
About This Property
Listed By
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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 20, 2026 | Listed by Leslie Cain Realty | $399,000 | |
| Listed by Leslie Cain Realty | |||
| Jun 29, 2026 | Listed by Leslie Cain Realty | $399,000 | |
| Listed by Leslie Cain Realty | |||
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Exceptional commercial opportunity in the heart of downtown Lindale! This beautifully updated building offers a prime location just steps from the SpringHill Suites, TJC North Campus, and several popular restaurants, providing outstanding visibility and convenience for both clients and customers. Designed with flexibility in mind, the interior features four private offices or treatment rooms, a spacious reception or waiting area, a kitchen or break room, two bathrooms, and ample parking. The functional layout makes it easy to accommodate a variety of business types while providing a welcoming and professional environment. Whether you're looking to open a salon, esthetician studio, insurance agency, law office, bakery, sandwich shop, coffee shop, boutique, medical office, or another professional business, this versatile property is ready to bring your vision to life. With its unbeatable location, updated interior, and endless possibilities, this is a rare opportunity to establish your business in one of Lindale's most desirable commercial areas.
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| Mar 1, 2024 | No longer available | - | |
| No longer available | |||
| Jan 3, 2024 | Price Decreased |
$290,000
↓ $10K
(3.3%) | |
| Price Decreased | |||
| Sep 22, 2023 | Price Decreased |
$300,000
↓ $50K
(14.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017