5719 Highway 6
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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 |
|---|---|---|---|
| Feb 20, 2026 | Listed by RE/MAX East | $249,000 | |
| Listed by RE/MAX East | |||
| May 3, 2024 | Price Decreased |
$225,000
↓ $10K
(4.3%) | |
| Price Decreased | |||
| Mar 8, 2024 | Listed | $235,000 | |
| Listed | |||
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3.0420-acre lot on HIGHWAY 6. This lot's location is perfect for potential investors seeking prime commercial space. It comes equipped with essential utilities, including electric, water, and sewer connections, making it ready for immediate use. Just 15 minutes away from Galveston, and positioned halfway between Hitchcock's Commercial District and I-45, your business will benefit from high visibility to a significant flow of traffic. This strategic location ensures easy access for customers and enhances the potential for success. Don't miss your chance to seize this great opportunity!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017