12023 Ostermeyer Road
About This Property
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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%.
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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.
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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 |
|---|---|---|---|
| May 21, 2026 | Relisted | $399,000 | |
| Relisted | |||
| May 6, 2026 | In contract | - | |
| In contract | |||
| Feb 23, 2024 | Listed by RE/MAX Leading Edge | $399,000 | |
| Listed by RE/MAX Leading Edge | |||
| Jan 9, 2024 | No longer available | - | |
| No longer available | |||
| Oct 7, 2022 | Listed by RE/MAX Leading Edge | $399,000 | |
| Listed by RE/MAX Leading Edge | |||
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8.7 Acre tract located right on Ostermeyer Road with 330' of frontage. Located 3/4 of mile from the Gulf and there and its less than 1.5 miles from Galveston Bay. The property is in an AE Flood Zone. Build your own "Ranchette" with a water view, bring your horses and your imagination. It also only 750' away from the famous Los Palmas ranch. Seller is willing to sell the adjacent 12.2 acres at 12101 Ostermeyer and Lot #235 3.6 Acres located at 11918 Stewart Road.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017