10600 Grabbs Lane
About This Property
Small building with concrete floor and electricity and windows is ready for your imagination. The property also boasts a versatile 25X40 workshop on a separate meter, ideal for hobbies, storage, or a small business. Additional metal storage building perfect for storing small tractor, equipment, motorcycles, etc. The expansive acreage invites you to create a garden oasis or enjoy outdoor activities. Conveniently located near HWY 80 and I-20. Approx 15 min to dining and shopping. Schedule your showing today!
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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 |
|---|---|---|---|
| Oct 17, 2024 | Sold | ||
| Sold | |||
| Sep 19, 2024 | In contract | - | |
| In contract | |||
| Aug 23, 2024 | Price Decreased |
$399,900
↓ $25K
(5.9%) | |
| Price Decreased | |||
| Jun 19, 2024 | Listed by Keller Williams Rockwall | $425,000 | |
| Listed by Keller Williams Rockwall | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017