1292 County Road 105
About This Property
The property includes a manufactured home featuring 4 bedrooms and 2 bathrooms with an expanded kitchen area, a new roof, and a new HVAC system. Additional improvements include a 16' x 20' greenhouse and an enclosed covered carport currently utilized as a workshop measuring approximately 19' x 25'.
Agricultural infrastructure includes a private water well and a 25,000-gallon water storage system supporting farm operations. The property is currently operating under a Sanderson Farms breeder contract and is approximately two years into a fifteen-year agreement. Buyer approval by Sanderson Farms is required.
Located in McLennan County near Riesel and within convenient driving distance of Waco, this property combines established poultry production, residential accommodations, modern farm infrastructure, and equipment in a turnkey agricultural operation ready for continued success.
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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 |
|---|---|---|---|
| Sep 16, 2026 | Relisted | $2,350,000 | |
| Relisted | |||
| Aug 22, 2026 | In contract | - | |
| In contract | |||
| Aug 4, 2025 | Listed by UCRE Heart of Texas Land & Hom | $2,350,000 | |
| Listed by UCRE Heart of Texas Land & Hom | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017