9536 SR 228
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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 |
|---|---|---|---|
| Jun 26, 2026 | Price Decreased |
$900,000
↓ $1M
(52.6%) | |
| Price Decreased | |||
| Oct 20, 2023 | Listed by FORWARD REAL ESTATE INVESTMENT GROUP LLC | $1,900,000 | |
| Listed by FORWARD REAL ESTATE INVESTMENT GROUP LLC | |||
| Mar 3, 2023 | Listed by KELLER WILLIAMS FIRST COAST REALTY | $1,900,000 | |
| Listed by KELLER WILLIAMS FIRST COAST REALTY | |||
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Looking to develop in Baker County? This prime location investment opportunity approved for future commercial development along the Enterprise Corridor (EC). Just over 3 acres of level, usable land, with 188' of frontage on State Road 228. Recognized commercial uses located under documents section of listing. Parcel is dry and located NE of nearest FEMA flood area. Inspections, land use and feasibility to be satisfied by Buyer during due diligence period. *Also listed under Residential NEFMLS#1216081
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| Aug 29, 2022 | Listed by KELLER WILLIAMS FIRST COAST REALTY | $1,500,000 | |
| Listed by KELLER WILLIAMS FIRST COAST REALTY | |||
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Macclenny is growing! This parcel presents an investment opportunity for future commercial development along the Enterprise Corridor (EC). Just over 3 acres of level, usable land, with 188' of frontage on State Road 228. Recognized commercial uses located under documents section of listing. Parcel is dry and located NE of nearest FEMA flood area. Inspections, land use and feasibility to be satisfied by Buyer during due diligence period. *Also listed under Residential NEFMLS# 1189244*
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| Jun 27, 2021 | Listed by KELLER WILLIAMS FIRST COAST REALTY | $2,990,000 | |
| Listed by KELLER WILLIAMS FIRST COAST REALTY | |||
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Located in the Enterprise Corridor off 5th St in Macclenny, this current residential parcel presents an investment opportunity for future commercial development and use. Just over 3 acres of level, usable land, with frontage on main thoroughfare. Recognized commercial uses located under Documents section of listing. Inspections, land uses and feasibility to be satisfied by Buyer during due diligence period.
Macclenny is growing fast, so don't miss out on this opportunity!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017