0 287 Highway
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 |
|---|---|---|---|
| Apr 8, 2024 | No longer available | - | |
| No longer available | |||
| Jul 9, 2023 | Relisted | $1,000,000 | |
| Relisted | |||
| Jul 8, 2023 | No longer available | - | |
| No longer available | |||
| Jun 15, 2022 | Sold | ||
| Sold | |||
| May 7, 2022 | Listed by Investments Unlimited LLC | $20,255,400 | |
| Listed by Investments Unlimited LLC | |||
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31 + - acres of land is located in the fast growing area of Midlothian. This tract is located within the city limits of Midlothian with a Planned Development (PD 4) zoning in place. Large acreage tract at the main intersection of U.S. Highway 67 and U.S. Highway 287 in Midlothian. Located near Midlothian Fire Station #1, Starbucks, Chase Bank, Walmart, Love's Truck Stop, apartment complex and up incoming office warehouse development nearby. Give us a call to discuss.
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