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$479,000 Last Listed Price
● Property - Off Market

00 Nails Road

Simonton, TX
bedrooms
Studio
bathrooms
0 Bath
$493,258
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

This 6.043 Acres (see Survey and Meets and Bounds Legal Description in MLS Documents) are currently under an Agricultural Exemption, and within the City Limits of Simonton, TX.  It would be a beautiful location for a new home or barn-dominium.  There is a (usually dry) portion of Cottonwood Slough that runs through the Northwest side of the property, with the higher ground being on the East side of the property fronting on Nails Road.  There is a cell tower lease on the far East side of the property that will convey with the sale that currently pays $383.16/month.  There are currently no restrictions on use, but prospective buyers should check with the City of Simonton to make sure any proposed use would be approved.
Unit Size
-
Days on Market
-
Land Size
6.04 acres
Price per sqft
-
Property Type
Property
Property Taxes
$2
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 5 months ago (HAR #63827680)

Price History

Date / Event Date Event Price
Mar 28, 2022 Sold
Premium
Sold
Sep 26, 2021 Listed by Ward Kellner Properties, Inc. $479,000
Listed by Ward Kellner Properties, Inc.

Property Highlights

Exterior Details
Lot Features: 5 Up to 10 Acres
Lot Size Area: 6.043
Lot Size Units: Acres
Lot Size Acres: 6.043
Lot Size Square Feet: 263233.08
Financial Details
Tax Annual Amount: $24

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

Similar Homes for Sale

Currently no similar homes around
HAR

Listed by: David White, Ward Kellner Properties, Inc.
Last Updated: 5 months ago
Data Source: HAR , MLS# 63827680
Copyright © 2026, Houston Realtors Information Service, Inc. Information provided is exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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