59800 Pierce Street
About This Property
The homes:
1) A 1993, 3bd, 2 ba, MH, approx 1400sf.-Not on a permanent foundation.
2) An older, maybe 1970s, 2bd, 1 ba, approx 900 sf. Not on a permanent foundation.
There's potential to either utilize for a larger agricultural project, maybe a mobile home park or perhaps you just want to make your own home or business project on these 10 acres.
There is a water well and canal Irrigation water is available and actually currently in use at the property.
Approx 2 acres on the East side of the property are currently being used for agricultural purposes.
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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 |
|---|---|---|---|
| May 29, 2026 | Listed by SimpliHOM | $850,000 | |
| Listed by SimpliHOM | |||
| May 11, 2022 | No longer available | - | |
| No longer available | |||
| Nov 7, 2020 | Relisted | $1,200,000 | |
| Relisted | |||
| Nov 6, 2020 | No longer available | - | |
| No longer available | |||
| Sep 5, 2020 | Listed by Premier Realty Group Inc. | $1,200,000 | |
| Listed by Premier Realty Group Inc. | |||
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Large lot located in Thermal, CA with 10 acres of land and 2 manufactured homes on property. Lot features water well, canal irrigation water, IID and is subject to exclusive tax benefits, making it an ideal location for entrepreneurs, business and agriculture. Property is also conveniently located near both Grapefruit Blvd. and Highway 86.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017