000 Tate Circle
About This Property
Vanguard REA has been exclusively retained by the Owner to offer qualified investors the opportunity to purchase approximately 68.06 acres located in Sherman, Texas which is approximately one hour north of Dallas. The Site is ideally located approximately a half mile east of heavily trafficked U.S. Highway 75. At the $10,021 per acre price point, this is an excellent value for raw land in such a high-growth area.
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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 12, 2021 | Sold | ||
| Sold | |||
| Jun 30, 2021 | Listed by Vanguard Real Estsate Advisors | $682,000 | |
| Listed by Vanguard Real Estsate Advisors | |||
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Multiple offers have been received at this time. Seller is requesting Best & Final Offers by 2:00 CST Friday July 16th. We are conducting final property tours on July 13th and July 15th, if you would like to schedule a tour please call to coordinate.
Vanguard REA has been exclusively retained by the Owner to offer qualified investors the opportunity to purchase approximately 68.06 acres located in Sherman, Texas which is approximately one hour north of Dallas. The Site is ideally located approximately a half mile east of heavily trafficked U.S. Highway 75. At the $10,021 per acre price point, this is an excellent value for raw land in such a high-growth area.
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About Sherman
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Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14614775
Details provided by NTREIS and may not match the public record
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