7302 Cemetery 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 |
|---|---|---|---|
| Aug 28, 2024 | Sold | ||
| Sold | |||
| Aug 10, 2024 | In contract | - | |
| In contract | |||
| Jan 26, 2024 | Listed by eXp Realty LLC | $525,000 | |
| Listed by eXp Realty LLC | |||
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THIS CORNER PROPERTY IS ZONED LIGHT COMMERCIAL AND HAS HWY 6 FRONTAGE AT THE CORNER OF 6 AND CEMETERY RD. IT CONNECTS TO MLS #48936966 FOR A LARGER PROPERTY OPPORTUNITY. IN BACK OF IT SITS JUST PAST AN UNDEVELOPED ROAD THAT SITS BETWEEN THESE TWO AND MLS#57615084. YOU CAN DEVELOP ON ONE, TWO, OR ALL THREE FOR AMPLE BUSINESS OPPORTUNITY. THIS DOWNTOWN LOCATION OF MANVEL IS BETWEEN HWY 288, HWY 35-ALVIN AND MINUTES FROM PEARLAND AND THE BRAND NEW MANVEL TOWN CENTER.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017