1400 N Shore Drive
About This Property
Situated on a desirable corner location, the property offers road frontage on two sides, providing convenient access and added flexibility for potential development. The surrounding area includes established residential properties, while utilities are reported to be nearby, giving buyers an excellent starting point for exploring future improvements.
Located just outside the Cisco city limits, this undeveloped acreage offers the space and versatility many buyers are seeking while remaining convenient to Cisco and the surrounding Eastland County area. The property's proximity to Lake Cisco creates an attractive setting for anyone looking to build a private residence, recreational retreat, investment property, or hold land for future appreciation.
With more than four acres, water views, multiple road frontages, and a location near an established lake community, opportunities like this are increasingly difficult to find.
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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 4, 2026 | Listed by Real Broker, LLC | $200,000 | |
| Listed by Real Broker, LLC | |||
| Apr 1, 2026 | No longer available | - | |
| No longer available | |||
| Nov 16, 2025 | Listed by Real Broker, LLC | $450,000 | |
| Listed by Real Broker, LLC | |||
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RARE FIND!! Just outside of city limits! Over 4 Acres of land sitting right across from Lake Cisco with gorgeous water views. Corner lot with road frontage on both sides- Super hard to come by! Homes are already across the street along the south side of N. Shore road so utilities are nearby and ready to tap into. Ideal for investors, developers, or anyone wanted to build or hold onto a prime piece of land for the future
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017