11300 Penrith Rd
About This Property
The property features a 40 ft. x 60 ft. storage shed/barn, potentially providing excellent space for equipment storage, agricultural operations, livestock use, or a workshop. With nearly 38 acres of usable land, the possibilities are endless-ideal for farming, ranching, a hobby farm, recreational use, or long-term land investment.
Enjoy wide-open views, abundant space, and the flexibility that agricultural land offers, all while maintaining convenient access to Denver, major highways, and the airport. Properties of this size and location near the rapidly growing Denver market are increasingly rare, making this a unique opportunity for investors, agricultural users, or those seeking space and privacy close to the city.
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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 |
|---|---|---|---|
| Mar 10, 2026 | Listed | $340,000 | |
| Listed | |||
| Jun 20, 2017 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017