10419 MT SHARON RD
About This Property
The acreage is in 4 separate tax parcels, 3 of which are protected by a conservation easement allowing a division of up to 4 parcels total. The 4th parcel ( 50 acres) is not in easement, fronts on Constitution Hwy and Route 628 and can be easily developed into smaller lots. The property is being sold in it's entirety.
The land parcels are currently configured in the following parcels: (1) 133.51 acres ( Parcel Record #6962) which contains a large 3 bedroom/ 2 1/2 bath house and the workshop/machine shed as well as Mountain Run, a tributary of the Rappahannock River; (2) 175.39 acres. ( Parcel record # 21078) includes two barns, Harvestore silos and feedlot structures and old homestead that served as a tavern in colonial times. While the homestead remains unrenovated, ag buildings (barns, silos, and feedlot) are in fine shape and fully functional parts of the active cattle operation on the farm; (3)124.93 acres ( Parcel# 21079) This parcel contains about 35 acres of timber-able woodlands, large open croplands, and a 3BR / 1BA brick house. There is a large (approx ½ acre) pond on this parcel as well; and (4) 49.69 acres ( Parcel #21080) which fronts on Constitution Hwy (Rt. 20) and Route 628 and contains woodlands and cropland.
The farm is currently leased for cattle grazing and feedlot, and hay and crop production. An excellent passive investment opportunity, or the chance to operate a first class farm facility.
Approximately 40 minutes to Charlottesville, 95 minutes to Washington, DC. Private aviation facilities are within a five minute drive.
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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 |
|---|---|---|---|
| Mar 1, 2024 | Sold | ||
| Sold | |||
| Oct 6, 2023 | In contract | - | |
| In contract | |||
| Jan 12, 2023 | Listed by Washington Fine Properties, LLC | $3,875,000 | |
| Listed by Washington Fine Properties, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017