12397 County Road 46
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%.
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 |
|---|---|---|---|
| Apr 13, 2026 | Listed by Butch Fife, REALTORS | $4,635,734 | |
| Listed by Butch Fife, REALTORS | |||
| May 26, 2025 | Sold | ||
| Sold | |||
| Oct 17, 2024 | Listed by Vanguard Real Estsate Advisors | $2,950,000 | |
| Listed by Vanguard Real Estsate Advisors | |||
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Vanguard Real Estate Advisors has been exclusively retained by Ownership to offer developers, builders, and investors the opportunity to purchase 96.57 acres located along County Road 46 in the Tyler ETJ. Located just outside of the Tyler city limits, the Site lends itself to a variety of uses as there is no zoning in place. Ownership has two potential Concept Plans for the Site; one for single family residential lots and the other for mobile home lots. Located less than a mile west of State Highway 110 (Van Highway) and less than two miles west of Loop 323, the Site is well positioned for a variety of uses to take advantage of the future path of growth. At $30,548 per acre, this is an excellent value for a development site in a rapidly growing market in East Texas.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017