31
Map
0046 Fm 2548 E
About This Property
Formerly an oil site (now fully plugged and abandoned), the pad offers a rock-solid foundation for a custom home or shop. Infrastructure is already in motion with existing electrical service and an on-site water well (requires a new pump and pressure tank). Beyond the build site, the land transitions into a lush hay field framed by majestic scattered trees on the north side. A small pond and natural drainage course offer the ideal topography to develop a larger private lake. With nutrient-rich sandy loam soil, this property is a producer's dream for crops, pecans, or livestock. Whether you're looking for a weekend recreational escape or a permanent homestead, the local wildlife and peaceful surroundings make this a rare find.
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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 7, 2026 | Listed by Navasota Realty | $835,866 | |
| Listed by Navasota Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017