4
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000 Forest Dr
About This Property
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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 |
|---|---|---|---|
| Mar 23, 2026 | Listed by Anne Vickery & Associates Realty, LLC | $2,739,000 | |
| Listed by Anne Vickery & Associates Realty, LLC | |||
| Feb 14, 2026 | No longer available | - | |
| No longer available | |||
| Apr 17, 2025 | Listed by Anne Vickery & Associates Realty, LLC | $1,985,300 | |
| Listed by Anne Vickery & Associates Realty, LLC | |||
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|
This 10-acre unrestricted tract of land offers a prime location with easy access via Forest Dr and Hwy 99 (Grand Parkway), providing excellent visibility from the highway. The property is also positioned near the future Galaxy Rd frontage and is within close proximity to the entrance ramp for Grand Parkway, ensuring high traffic exposure. Located near Lake Houston Wilderness Park, this land offers a balance of natural beauty and convenient access. Just 5 minutes from I-69 (Hwy 59), the property is also only 5 miles from Valley Ranch Town Center, offering plenty of shopping and dining options. Houston and Bush Intercontinental Airport (IAH) are just 17 miles away, making this location ideal for both local and regional access. With great potential for development, this unrestricted land is a valuable opportunity for commercial, residential, or recreational use.
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| Mar 10, 2025 | Listed by Anne Vickery & Associates Realty, LLC | $2,739,000 | |
| Listed by Anne Vickery & Associates Realty, LLC | |||
| | |||
|
This 11.02-acre unrestricted tract of land offers a prime location with easy access via Forest Dr and Hwy 99 (Grand Parkway), providing excellent visibility from the highway. The property is also positioned near the future Galaxy Rd frontage and is within close proximity to the entrance ramp for Grand Parkway, ensuring high traffic exposure. Located near Lake Houston Wilderness Park, this land offers a balance of natural beauty and convenient access. Just 5 minutes from I-69 (Hwy 59), the property is also only 5 miles from Valley Ranch Town Center, offering plenty of shopping and dining options. Houston and Bush Intercontinental Airport (IAH) are just 17 miles away, making this location ideal for both local and regional access. With great potential for development, this unrestricted land is a valuable opportunity for commercial, residential, or recreational use.
| |||
| Jan 2, 2024 | No longer available | - | |
| No longer available | |||
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About Peach Creek Forest
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Last Updated: 7 months ago
Data Source: HAR , MLS# 64953308
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Address: 335 Madison Avenue, New York, NY 10017