5078 DISCOVERY Drive
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%.
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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 |
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| Jun 1, 2026 | Listed by COLDWELL BANKER VANGUARD REALTY | $895,000 | |
| Listed by COLDWELL BANKER VANGUARD REALTY | |||
| Jun 5, 2025 | Listed | $1,000,000 | |
| Listed | |||
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Nearly 10-acre corner lot with over 1,500 feet of major road frontage in a rapidly developing area. The property is 80% cleared and currently zoned rural residential with an existing PUD, making rezoning potentially easy. Ideal for developers or builders, it offers proximity to shopping, hospitals, restaurants, and major highways—prime for new construction opportunities.
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| Nov 30, 2022 | Listed by FREEDOM REALTY GROUP LLC | $799,000 | |
| Listed by FREEDOM REALTY GROUP LLC | |||
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Almost 10 acres on a corner lot with over 1,500 feet of major road frontage! What an opportunity for any developer or builder to come in and get to work on new construction in an absolutely booming area. Right off a major roadway and tons of new residential and commercial developments happening nearby, this one is worth looking at. One of the best parts of this parcel is that it is already 80% cleared. Currently zoned rural residential with an existing PUD, this should be fairly straightforward to get rezoned if needed. Close to shopping centers, hospitals, restaurants, and major highways; this piece of land has opportunity written all over it and is a perfect site for anyone!
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| Oct 26, 2020 | Listed by COLDWELL BANKER VANGUARD REALTY | $900,000 | |
| Listed by COLDWELL BANKER VANGUARD REALTY | |||
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Large lot on the corner of Discovery Dr. and Havenwood. Convenient to both Oakleaf and Blanding/Jennings. Shopping, Dining and Medical care within a a short drive either direction.
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| Mar 8, 2020 | Listed by COLDWELL BANKER VANGUARD REALTY | $1,200,000 | |
| Listed by COLDWELL BANKER VANGUARD REALTY | |||
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Large lot on the corner of Discovery Dr. and Havenwood. Convenient to both Oakleaf and old Jenning. Shopping, Dining and Medical care within a a short drive.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017