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10670 N Highway 281
About This Property
A water well provides a valuable on-site water source, adding convenience and utility for both agricultural and commercial applications. Whether you're looking to establish an equestrian facility, operate a business with excellent highway exposure, or enjoy a private ranch setting with exceptional accessibility, this property offers endless possibilities. Conveniently located with easy access to surrounding communities, this unique property combines functionality, visibility, and Cutting Horse Capital of the World charm in one remarkable offering. Don't miss the chance to invest in a property that is ready to meet your residential, agricultural, equestrian, or commercial vision.
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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 |
|---|---|---|---|
| Jul 25, 2026 | Listed by Kirkpatrick Realty | $1,200,000 | |
| Listed by Kirkpatrick Realty | |||
| Sep 18, 2024 | No longer available | - | |
| No longer available | |||
| Jul 2, 2024 | Price Increased |
$315,000
↑ $16K
(5.4%) | |
| Price Increased | |||
| Sep 24, 2023 | No longer available | - | |
| No longer available | |||
| Sep 17, 2023 | Listed by Kirkpatrick Realty | $299,000 | |
| Listed by Kirkpatrick Realty | |||
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STUNNING RANCHETTES WITH GREAT DIVERSITY AWAITING YOUR CUSTOM RANCH IMPROVEMENTS! Tract 6 offers partial treed scenery with open space that offers 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. Slopped terrain offers unlimited opportunities for livestock pens or an arena to fit your needs. 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