106 Bryan County Road 264
About This Property
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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 |
|---|---|---|---|
| Oct 18, 2023 | Sold | ||
| Sold | |||
| Feb 14, 2023 | Listed by Worth Clark Realty | $550,000 | |
| Listed by Worth Clark Realty | |||
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COMMERCIAL OPPORTUNITY!! 0.975 +/- unrestricted lot with approximately 167' of prime HWY 36 road frontage located in Damon, Texas. The site is equipped with an approx. 1800 sq. ft. building currently being operated as a restaurant and lounge. Additionally, there is a 30x30 slab covered with a 25x34 carport and a 40x16 outdoor palapa set up with custom sound and lighting. Another 12x24 out building occupies the property with additional power hook ups for an RV. Situated at the corner of HWY 36 and Bryan St. (CR 264) in the rapidly expanding rural area of NW Brazoria County the opportunities abound. Continue on in the entrepreneurial restaurant spirit of The Open Range, or make this attractive corner lot your own haven for commerce or living. HWY 36 is currently being expanded into a major 4 lane corridor with non-stop traffic ever flowing. Only 12 min. to HWY 35, 40 min to Houston, or 45 min to the Gulf Coast. This turnkey property awaits you in emerging Damon, Texas!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017