10540 Highway 281
About This Property
This 42-acre property offers the perfect mix of natural beauty and modern upgrades:
- Highway Frontage for easy access and visibility, ideal for future development or ranch operations.
- Room to Build anywhere on the property, providing privacy and flexibility for a dream home, guest house, or additional facilities.
- Majestic Oak Trees with coastal and native grasses create a scenic, productive landscape.
- Brand New Pipe and Wire Fence for durability and security.
- New 4-Bay Hay Barn with ample storage for hay, feed, or equipment.
- New Water Well Producing 35 GPM ensuring reliable water for livestock, irrigation, or residential use.
This tract is a rare opportunity to own acreage with both prime highway access and secluded building potential making it perfect for ranching, farming, or residential development.
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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 |
|---|---|---|---|
| Apr 23, 2026 | No longer available | - | |
| No longer available | |||
| Nov 18, 2025 | Listed by JPAR West Metro | $1,300,000 | |
| Listed by JPAR West Metro | |||
| Jun 23, 2025 | Sold | ||
| Sold | |||
| May 11, 2025 | In contract | - | |
| In contract | |||
| Apr 23, 2025 | Listed by Kirkpatrick Realty | $325,400 | |
| Listed by Kirkpatrick Realty | |||
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STUNNING RANCHETTES WITH GREAT DIVERSITY AWAITING YOUR CUSTOM RANCH IMPROVEMENTS! Tract 7 offers a NEW WATER WELL and hilltop partial treed canvas with abundant wildlife and native grasses. This 21.01 acre tract is ideal for your custom home or barndo build with several great building locations secluded among mature post oaks and live oaks. If you're a hunting or wildlife enthusiast, this property would be ideal for your weekend getaway within an hours drive of the DFW Metroplex. Conveniently located to the Cutting Horse Capital (Weatherford), the Historical Baker Hotel (Mineral Wells) and one of the most Iconic Lakes in the World (Possum Kingdom Lake). Imagine the evenings watching the sunset and the peaceful nights looking at the bright stars! Bring the horses, dogs and children and enjoy the country lifestyle!!!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017