650 Friday 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%.
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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 |
|---|---|---|---|
| Nov 18, 2025 | Price Decreased |
$81,900
↓ $3K
(3.5%) | |
| Price Decreased | |||
| Sep 9, 2025 | Price Decreased |
$84,900
↓ $5K
(5.6%) | |
| Price Decreased | |||
| Feb 13, 2025 | Price Decreased |
$89,900
↓ $4K
(3.9%) | |
| Price Decreased | |||
| Dec 11, 2024 | Price Decreased |
$93,500
↓ $5K
(5.1%) | |
| Price Decreased | |||
| Mar 26, 2024 | Listed | $98,500 | |
| Listed | |||
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Seller will consider a PMM, short term. BU-1 zoning with numerous commercial options. Building approval requirement minimum 300 sq. ft. for any commercial use. Setbacks on this lot, 15 feet from the south & 5 feet from the north. In order to develop need to go 300 sq. ft. up. Convenient location only 1 mile to I-95. and .5 miles to SR 520. Current adjacent property is a Professional office. Has access to electric, water & sewer. Needs to be cleared & culvert added. More info on BU-1 zoning go to link municode.com Note BU-1 does not allow OPEN STORAGE. No commercial vehicles. No tow trucks or vehicles can be stored on the property.
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About Brevard
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Last Updated: 4 months ago
Data Source: Space Coast MLS, MLS# 930148
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017