10010 US Highway 283
About This Property
Previously the site of a home, the property is currently zoned residential, but its prime highway frontage and proximity to nearby businesses create strong potential for commercial use (subject to zoning approval). Located outside city limits with no known restrictions, you'll enjoy flexibility and freedom that's hard to find.
Property Highlights:
10 Acres
Highway frontage for easy access and visibility
County water, septic, and electric on-site (per owner)
Large pond that holds water
Good fencing in place
Scattered mesquite trees
Outside city limits
No known restrictions
Residential zoning with possible commercial potential
Surrounded by existing businesses
This is a prime opportunity for a homesite, business location, or investment property in a growing area.
Motivated Seller so Bring Offers!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 23, 2026 | Sold | ||
| Sold | |||
| May 11, 2026 | In contract | - | |
| In contract | |||
| Apr 17, 2026 | Price Decreased |
$139,999
↓ $10K
(6.7%) | |
| Price Decreased | |||
| Mar 17, 2026 | Listed by Ranch Realty of Texas | $150,000 | |
| Listed by Ranch Realty of Texas | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017