0001 Cale Switch Road
About This Property
The sellers have plans prepared for an apartment complex that can be shared with potential buyers, making this an excellent opportunity for multifamily development. With its zoning, acreage and location, the property may also lend itself to commercial, retail, restaurant, convenience store, residential development or other uses, subject to applicable zoning and governmental approvals.
Positioned in an area experiencing continued residential and commercial growth with convenient access to Hwy 75, Calera and Durant. Contact your Realtor for additional information, utility details and available development plans.
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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 11, 2026 | Listed by eXp Realty, LLC | $799,000 | |
| Listed by eXp Realty, LLC | |||
| Apr 2, 2025 | Listed | $799,000 | |
| Listed | |||
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Investors check this one out! 10 acres close to Choctaw Casino and Hwy 75. This property is set up with 3 phase electric at the road to help support all your business needs. There is a 10" water line on the East side of Cale Switch running north and south. A few great ideas for this property could be an apartment complex, restaurant, convenient store or even a small housing development on top of many other things. With the property zoned both commercial and residential you can’t go wrong in this location. Water meters shouldn’t be an issue for multi family or commercial use. Call your favorite Realtor for more info on this rare opportunity! Buyers to confirm information given.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017