6316 Gleason Road
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 |
|---|---|---|---|
| Sep 9, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| May 16, 2025 | Listed by Five Star Real Estate-Holland | $375,000 | |
| Listed by Five Star Real Estate-Holland | |||
| May 14, 2024 | Sold | ||
| Sold | |||
| Sep 22, 2023 | Listed by CENTURY 21 Affiliated | $179,000 | |
| Listed by CENTURY 21 Affiliated | |||
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This 2.61 acre parcel is currently zoned industrial, however in October 2023 it will change allowing a single family home or a building to be built. The lot has been cleared and excavated to accommodate a home or 60x60 storage building or both. A culvert and drive with crushed asphalt have been installed along with chain metal post gate.
Please see attached survey and Permit for Sewage Disposal from ACHD.
Seller is a licensed realtor in the state of Michigan.
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| Apr 17, 2019 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017