12101 Ostermeyer Road
About This Property
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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 |
|---|---|---|---|
| Feb 23, 2024 | Listed by RE/MAX Leading Edge | $499,000 | |
| Listed by RE/MAX Leading Edge | |||
| Jan 9, 2024 | No longer available | - | |
| No longer available | |||
| Oct 7, 2022 | Listed by RE/MAX Leading Edge | $499,000 | |
| Listed by RE/MAX Leading Edge | |||
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12.28 Acre to include Lot # 269 7.24 acres, 276 4.04 Acres, & 270 1 Acre. The tract located right on Ostermeyer Road with 198' 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 some additional adjacent Lot 256 8.7 Acres at 12023 Ostermeyer road and Lot #235 3.6 Acres at 11918 Stewart Rd.
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| May 13, 2021 | Sold | ||
| Sold | |||
| May 1, 2021 | Listed by RE/MAX Leading Edge | $295,000 | |
| Listed by RE/MAX Leading Edge | |||
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12.28 Acre to include Lot # 269 7.24 acres, 276 4.04 Acres, & 270 1 Acre. The tract located right on Ostermeyer Road with 198' of frontage. Located 3/4 of mile from the Gulf and there and its less than 1.5 miles from Galveston Bay. This is part of a 32 Acre track "Green Acres" that can be purchased and subdivided as well. The property currently being used for agricultural use with an Ag exemption. 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 lots #235 3.6 Acres, 250 7.6 Acres, 256 8.7 acres on 11918 & 11930 Stewart road.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017