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7503 JAMES MADISON HIGHWAY
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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.
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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 16, 2024 | In contract | - | |
| In contract | |||
| Jun 6, 2024 | Listed | $1,060,800 | |
| Listed | |||
| | |||
|
6.24 AC of Raw Land along James Madison Hwy (Rt 15). SUP exists for Religious Institution and Related Facilities. See attachments. Seller has engineering studies available. Please consult county records and offices for specific questions about development and uses. Plat also in attachments.
| |||
| Jul 2, 2018 | Sold | ||
| Sold | |||
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About Gainesville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017