8115 Massey Chapel 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 8, 2025 | Listed | $78,000 | |
| Listed | |||
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Great Location for Farm Stand, Personal Workshop, Micro Park, or Garden! 0.22-acre wooded lot next to the Tobacco Trail near Southpoint Mall. Vacant land with potential for well water or annex to city water. Soils currently limit home use unless city sewer is extended or an advanced septic system is approved. Great for personal use, farm stand, storage, or gardening—hold as an investment and build later when utilities reach the area.
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| Apr 10, 2025 | Price Decreased |
$78,000
↓ $20K
(20.4%) | |
| Price Decreased | |||
| Jun 10, 2024 | Listed | $98,000 | |
| Listed | |||
| | |||
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Perfect Location for a Farm Stand or Micro Park! This 0.22 Acre wooded lot is right next to Tobacco Trail access with parking and trails visitors. Enjoy visitors from the trails, biking, Southpoint Mall and and neighbors. Too complicated of a lot to build a home. Water would be through a Well. Buyer to verify all legally possible uses.
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| Mar 21, 2024 | Sold | ||
| Sold | |||
| Jan 17, 2024 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017