152 Exploration Road
About This Property
Opportunities like this are few and far between. This exceptional 1.75-acre homesite is one of the larger parcels available in Deer Forest, offering the perfect balance of usability and natural beauty. Towering mature trees create a private, estate-style setting while the flat terrain provides an easy, cost-efficient build site for your custom home, pool, shop, or guest quarters. Deer Forest is a secluded, wooded acreage community known for its high elevation, privacy, and peaceful surroundings, all while being conveniently located near I-45 with quick access to The Woodlands, Lake Conroe, and everyday amenities. Ten approved custom home builders for the community.
Build on your timeline and design without compromise-this is the kind of property buyers wait for but rarely 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 |
|---|---|---|---|
| Aug 22, 2026 | Price Decreased |
$139,900
↓ $5K
(3.5%) | |
| Price Decreased | |||
| Apr 26, 2026 | Listed by Grand Ranch Properties | $144,900 | |
| Listed by Grand Ranch Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017