1467 County Road 405 - LOT 5
About This Property
features road frontage and very little clearing needed. LOT 5 is 2.006 acres. Minimal deed restrictions. Incredible seller finance options available, call agent for details.
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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 |
|---|---|---|---|
| Jul 19, 2024 | In contract | - | |
| In contract | |||
| Jul 1, 2024 | No longer available | - | |
| No longer available | |||
| Jun 26, 2024 | Listed by Compass RE Texas, LLC | $129,900 | |
| Listed by Compass RE Texas, LLC | |||
| Dec 11, 2023 | Listed by Peridot Realty Group | $575,000 | |
| Listed by Peridot Realty Group | |||
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Are you seeking the perfect canvas for your commercial venture in the heart of Lexington? Look no further than this exceptional 2.195-acre corner lot, a rare gem offering immense potential for savvy investors and entrepreneurs. Positioned at the corner of 77 and CR 405 you can add homes, or a commercial center as it enjoys high visibility and convenient access, making it an ideal site for a range of businesses.
A generous 2.195 acres provide ample room for creative architectural designs, parking facilities, landscaping, and more, allowing you to realize your vision without constraints. Buyers are advised to consult with relevant professionals, including but not limited to architects, engineers, zoning experts, and local authorities, to assess the feasibility of their intended plans and ensure compliance with all necessary regulations and requirements. Any potential development plans or uses mentioned in this listing are speculative and subject to obtaining appropriate approvals from the relevant authorities. The seller and seller's agents provide information to the best of their knowledge but may not be aware of all specific requirements or regulations necessary to fulfill individual development visions. Current Survey is available.
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| Dec 2, 2022 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017