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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 |
|---|---|---|---|
| Nov 23, 2025 | No longer available | - | |
| No longer available | |||
| Oct 3, 2025 | Sold | ||
| Sold | |||
| Sep 23, 2025 | In contract | - | |
| In contract | |||
| Sep 15, 2025 | Listed by Keller Williams Preferred | $45,000 | |
| Listed by Keller Williams Preferred | |||
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Welcome to a rare opportunity to own a prime piece of land with limitless potential! This vacant lot offers the perfect canvas to build your dream home, just moments away from the stunning Galveston Bay. Whether you're envisioning a peaceful coastal retreat, or a charming vacation getaway, this lot provides the flexibility and space to bring your vision to life. Enjoy easy access to Galveston Bay, where you can indulge in water activities, breathtaking sunsets, and coastal breezes. Explore nearby parks, trails, and scenic waterfront views, or simply relax and enjoy the serenity of your new surroundings. Easy access to Hwy 146 and close to many shopping, dining, and entertainment options, while still offering the peacefulness of bay area living. Seize this rare opportunity to build the home you've always dreamed of! Don't wait—this incredible property won't last long. Contact us today to schedule a tour and start planning your future near Galveston Bay!
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| Jul 22, 2025 | Listed by RA Brokers | $42,000 | |
| Listed by RA Brokers | |||
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Affordable lot near the water nice quiet neighborhood. No hoa utilities available good size ready to be build on.
50x95 total sq ft 4750.
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Last Updated: 5 months ago
Data Source: HAR , MLS# 65265100
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