960 G Road
About This Property
The property features a substantial 55' x 125' steel warehouse, offering excellent space for equipment storage, operations, or future improvements. Existing infrastructure includes well, septic, and electrical service already in place, providing a strong foundation for development or continued agricultural use. The acreage is fenced, though portions will require repair, and includes canal systems that may assist with drainage or irrigation.
With road frontage on two sides, access and flexibility for future use or division are key advantages of this tract.
Please note: The property is being sold As Is. It has experienced vandalism, and the current absentee owner has not been able to oversee cleanup or restoration. This is reflected in the price.
Whether you're expanding an agricultural operation, seeking a land investment, or looking for a large private holding in a growth area, this property offers significant upside at an attractive scale.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017