13206 Wright RD
About This Property
The tract lies within the Austin 5-mile Extra-Territorial Jurisdiction (ETJ), since is not located in a city (Buda is a postal address), there is no zoning. A key feature of this land is its lack of flood plain, coupled with a relatively level terrain, making it ideal for a variety of uses. The parcel features approximately 486 feet of frontage on Wright Rd, offering excellent visibility and access. Its rectangular shape maximizes usability, providing an efficient layout for various types of development or for subdividing, if desired. This property represents a rare opportunity to own a tract of land in a region experiencing significant economic growth. There is an existing income stream associated with the property – see agent.
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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 |
|---|---|---|---|
| Feb 9, 2024 | In contract | - | |
| In contract | |||
| Jan 28, 2024 | Listed by Keller Williams - Lake Travis | $1,350,000 | |
| Listed by Keller Williams - Lake Travis | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/08/2023
| |
Loft
|
-
|
-
|
$1,350,000
Loft
-
|
-
-
|
Heather Morrison
Keller Williams - Lake Travis
|
|
10/06/2022
| |
Loft
|
-
|
-
|
$1,575,000
Loft
-
|
-
-
|
Heather Morrison
Keller Williams - Lake Travis
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017