6
Map
0 Pelican Road
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 |
|---|---|---|---|
| Sep 22, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Jun 26, 2026 | Listed by eXp Realty, LLC | $1,350,000 | |
| Listed by eXp Realty, LLC | |||
| Mar 11, 2026 | Listed by eXp Realty, LLC | $269,900 | |
| Listed by eXp Realty, LLC | |||
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Unrestricted 14.08-acre gem on Pelican Rd in Shepherd, TX, offering a world of possibilities for your vision! This expansive property provides the perfect canvas to build your dream home, establish a ranch, or create a thriving business venture, all while enjoying the serene beauty of Texas landscapes. With its prime location, this property ensures both convenience and tranquility, making it an ideal space for those seeking a balance of privacy and accessibility. Don’t miss out on this unique opportunity to make your dreams a reality—secure your slice of paradise today!
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| Mar 5, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Sep 18, 2025 | Listed by eXp Realty, LLC | $289,900 | |
| Listed by eXp Realty, LLC | |||
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Unrestricted 15.18-acre treasure on Pelican Rd in Shepherd, TX, offering endless possibilities for your dreams and ventures! This expansive property serves as a blank canvas, allowing you to create a custom space tailored to your needs. Build your ideal residence, design a sprawling ranch, or explore a variety of business opportunities, all set against the peaceful backdrop of Texas landscapes. With its strategic location and vast potential, this property is ready to bring your vision to life. Don’t miss out on the chance to secure your own piece of paradise today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017