10
Map
Fields Corner Road
About This Property
Possibilities are endless! This 48-acre parcel of land in a prime location in Carmel presents an exceptional investment opportunity for those looking to develop in one of the most sought-after areas. Offering ample space for a variety of potential uses, this property is waiting to be brought to its highest potential. A charming small stream meanders through the land, adding both aesthetic value and natural beauty to the site, while enhancing its appeal for eco-conscious buyers or developers. With its proximity to upscale amenities, scenic landscapes, and a thriving community, this parcel is a rare find and offers the potential for long-term growth and high returns. Sold with abutting 1-acre parcel, 171 Pugsley Rd.
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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 |
|---|---|---|---|
| Aug 5, 2026 | Sold | ||
| Sold | |||
| Aug 1, 2025 | In contract | - | |
| In contract | |||
| Mar 14, 2025 | Listed by BHHS Hudson Valley Properties | $549,999 | |
| Listed by BHHS Hudson Valley Properties | |||
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