107 Fort Graham Circle
About This Property
A major highlight of the property is the 24' x 30' workshop, providing ample space for hobbies, projects, equipment storage, or small business use. Additional improvements include a detached 13' x 24' man cave that creates a dedicated space for recreation, entertainment, or personal interests, as well as a detached two-car garage measuring approximately 20' x 24' that provides covered parking and additional storage.
The one-acre lot provides room for gardening, outdoor recreation, RV parking, boat storage, and enjoying the privacy of country-style living while remaining close to city conveniences. Located just minutes from downtown Waco, Baylor University, Bellmead, Hewitt, China Spring, and Interstate 35, the property offers convenient access to shopping, dining, healthcare, employment centers, and major Central Texas travel routes.
Properties featuring acreage, workshop space, detached garage facilities, and flexible-use buildings are increasingly difficult to find in today's market. This property combines space, functionality, and a desirable location in one unique package.
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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 12, 2026 | Sold | ||
| Sold | |||
| Jul 14, 2026 | In contract | - | |
| In contract | |||
| Apr 24, 2026 | Price Decreased |
$475,000
↓ $25K
(5%) | |
| Price Decreased | |||
| Feb 15, 2026 | Price Decreased |
$499,900
↓ $50K
(9.1%) | |
| Price Decreased | |||
| Nov 25, 2025 | Price Decreased |
$550,000
↓ $45K
(7.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017