51 Jubilee Dr
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 |
|---|---|---|---|
| Jan 16, 2023 | Withdrawn | - | |
| Withdrawn | |||
| Oct 21, 2022 | Relisted | $750,000 | |
| Relisted | |||
| Oct 26, 2020 | Listed by Nordlund Associates | $1,650,000 | |
| Listed by Nordlund Associates | |||
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Opportunity to acquire rare parcel of land located on Jubilee Drive overlooking Rt.128 in Peabody. Centennial Park ideally situated at the junction of I-95, Rt.1 and Rt.128 is home to national and global industry leaders in R&D , Manufacturing and Tech. Numerous industries represented from Lahey medical, military defense technology and manufacturing, robotics and professional services. This 4 acre parcel is poised for development and provides a prominent corporate identity.
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| Mar 30, 2018 | Sold | ||
| Sold | |||
| Mar 20, 2012 | Listed by Coppola Properties | $985,000 | |
| Listed by Coppola Properties | |||
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4.1 Acres of commercial land with approximately 300 feet of frontage on Route 95. Zoning is DDD Designated Development District. Favorable zoning allows many uses. Located off of Centennial Drive and First Avenue. Homestead Suites is at the end of the road. The utilities are at the street. Could build up to 40,000 sf or more. Motivated Seller.
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