749 N SR 415
About This Property
This growing area has seen the addition of a WalMart Supercenter, retail shopping center, banking, McDonalds with more commercial uses coming to the neighborhood soon. Mixed-Use zoning allows for a variety of business uses at this location. This site would be a perfect contractor's building for office use or housing all with on-site storage for products, fleet vehicle storage and more. An opportunity with so much potential comes along very seldomly. Be sure to schedule a visit to see this unique offering!!
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017