1190 Sanders Road
About This Property
The OUTDOOR FEATURES set this property apart! A HUGE BARN with HAY LOFT currently serves as a FULLY EQUIPPED WORKSHOP and can easily be converted back into a HORSE BARN with 4-5 STALLS. Additional outbuildings include a CLIMATE-CONTROLLED SHOP perfect for an OFFICE or CLASSROOM and a TALL GARAGE-STYLE BUILDING with ROLL-UP DOORS and a VEHICLE LIFT that CONVEYS--perfect for MECHANICS or HOBBYISTS.
This property is built for COUNTRY LIVING with a PRIVATE GUN RANGE AREA, CHICKEN COOPS, SOLAR PANELS for ENERGY EFFICIENCY, and FRUIT TREES & BUSHES for a true HOMESTEAD EXPERIENCE. The rear of the property offers approximately 5 ACRES OF CLEARED PASTURE, ideal for HORSES or the potential for one or more DREAM HOMESITES (buyer to verify permits). Both homes are WELL-MAINTAINED, MOVE-IN READY, and thoughtfully updated. Enjoy PEACEFUL COUNTRY LIVING with a CONVENIENT COMMUTE to Raleigh and just minutes from Smithfield for shopping, dining, and everyday conveniences. A RARE COMBINATION of SPACE, FLEXIBILITY, and FUNCTION--schedule your private tour today!
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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 29, 2026 | Price Decreased |
$1,075,000
↓ $100K
(8.5%) | |
| Price Decreased | |||
| May 4, 2026 | Listed by RE/MAX SOUTHLAND REALTY II | $1,175,000 | |
| Listed by RE/MAX SOUTHLAND REALTY II | |||
| Jan 11, 2024 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017