TBD Hwy 287
About This Property
This expansive 49.9-acre property, located along Highway 287, offers a rare investment opportunity with road frontage on two sides, ensuring excellent accessibility and visibility. Currently utilized for agricultural purposes, the land provides open, level terrain that is well-suited for a variety of future uses.
Strategically located next to a busy truck stop, this property benefits from consistent traffic flow and high visibility, making it an ideal site for commercial or residential development. Whether you envision a thriving retail space, a residential subdivision, or a mixed-use project, the possibilities are endless. Its proximity to major transportation routes and an established commercial hub enhances its appeal for businesses seeking a prime location. Don't miss this opportunity to secure a versatile and highly visible piece of land with unlimited future potential.
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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 |
|---|---|---|---|
| Aug 5, 2025 | No longer available | - | |
| No longer available | |||
| Feb 4, 2025 | Listed by Mossy Oak Properties of Texas- Cross Timbers Land | $1,297,400 | |
| Listed by Mossy Oak Properties of Texas- Cross Timbers Land | |||
| Feb 15, 2023 | Sold | ||
| Sold | |||
| Oct 18, 2021 | Listed by KELLER WILLIAMS REALTY | $18,500,000 | |
| Listed by KELLER WILLIAMS REALTY | |||
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5F Ranch is located in Wise County in Alvord. Sprawling over 2,609 acres, this ranch is a one of a kind property. Located just north of Decatur, Alvord is in the growth pattern for the DFW metroplex. Historically as a cattle ranch, the 5F has been managed to maintain over 500 cow calf pairs on an annual basis. One of the many benefits of the 5F is the amount of water throughout the ranch. 43 ponds are scattered over the ranch which provide convenient water for all livestock and wildlife. The owners are willing to convey all mineral interest on the ranch to the future buyer for an additional cost. Look no further than the 5F for a great investment or an amazing working ranch in Wise County!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017