TBD E FM 120
About This Property
.696 Acre with road frontage on FM 120. Metal shop-warehouse building was built in 2021. Shop-warehouse building is on concrete slab with electricity. According to the Oak Ridge South Gale Water Supply Corp., a water meter was purchased in the past but never installed. The new owners will only need to pay a $50 membership fee transfer from the current owner and install the water meter at their convenience.
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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 |
|---|---|---|---|
| Oct 26, 2023 | Sold | ||
| Sold | |||
| Feb 25, 2023 | Listed by Keller Williams North Country | $80,000 | |
| Listed by Keller Williams North Country | |||
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| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
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Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20266849
Details provided by NTREIS and may not match the public record
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017