12500 County Road 346
About This Property
Discover the perfect canvas for your dreams with this expansive 62.5-acre property located in Terrell, Texas. Offering a multitude of opportunities, this mostly cleared land is ready for your vision. Benefiting from no known restrictions, you can customize this land for various uses, from agriculture to development.
The property features two serene ponds, ideal for livestock or leisure, and boasts small hills and a charming grove of trees in the southwest corner, providing picturesque scenery. A bonus is the availability of Spectrum's fiber optic internet, ensuring connectivity to support remote work or tech-driven projects.
While there's an old 80's model double-wide mobile home with no value, a new owner can decide its fate. Additionally, an old barn and a sturdy shed provide rustic charm, though the barn may need some attention.
Seize the opportunity to create your rural oasis. Contact the listing agent today for more information and to schedule a showing.
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Cap Rate Calculator
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 17, 2025 | Sold | ||
| Sold | |||
| Mar 4, 2025 | In contract | - | |
| In contract | |||
| Feb 21, 2025 | Price Decreased |
$795,000
↓ $80K
(9.1%) | |
| Price Decreased | |||
| Jan 11, 2025 | Listed by Coldwell Banker Apex, REALTORS | $875,000 | |
| Listed by Coldwell Banker Apex, REALTORS | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017