10400 Lipan Highway
About This Property
Improvements include a spacious party pavilion, ideal for gatherings, events, or recreational use. A church structure is also under construction on the property but remains unfinished, offering potential for completion or repurposing by the next owner. Whether you are looking to expand an existing cattle operation, establish a private ranch retreat, or invest in a large Hood County landholding, this property offers a strong combination of location, water, infrastructure, and versatility.
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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 |
|---|---|---|---|
| Jul 23, 2026 | Listed by CLARK REAL ESTATE GROUP | $4,987,920 | |
| Listed by CLARK REAL ESTATE GROUP | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017