32
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15650 Highway 290 Highway W
About This Property
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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 28, 2026 | Listed by Hodde Real Estate LLC | $1,450,000 | |
| Listed by Hodde Real Estate LLC | |||
| Sep 10, 2026 | Listed by Hodde Real Estate Company | $1,450,000 | |
| Listed by Hodde Real Estate Company | |||
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28 UNRESTRICTED ACRES | HWY 290 FRONTAGE | JUST 7.5 MILES FROM ROUND TOP! Bring your vision to this exceptional mixed-use opportunity in Burton, ideally positioned along the highly traveled Hwy 290 corridor and approximately 9 minutes from Round Top. TxDOT reports a 2025 AADT of 16,231 vehicles near the property, offering outstanding visibility and exposure.
Approximately 28 ag-exempt, unrestricted acres open the door to countless possibilities—luxury RV resort, boutique lodging or glamping retreat, antique/design showroom, vendor warehouse or storage, event venue, retail, barndominiums, short-term rentals or an entirely new destination concept.
With valuable Hwy 290 frontage and incredible proximity to Round Top’s renowned antiques, design and tourism market, this is more than acreage—it’s an opportunity waiting for the right vision.
Unrestricted. Ag-exempt. High visibility. 7.5 miles to Round Top. Bring your imagination!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017