158 Sandy Stone
About This Property
Improvements include four metal buildings totaling approximately 20,000 square feet MOL, equipped with electrical services, lighting and water. The buildings were previously utilized as a licensed medical marijuana cultivation facility and are well suited for continued cultivation operations, controlled-environment agriculture, warehousing, manufacturing, storage, livestock support facilities, or numerous other commercial and agriculture uses.
An income-producing rent house is located on the eastern side of the property and is currently leased for $475.00 per month. There is a tenant in residence, and a minimum 24-hour notice is required to show rent house. Owner will consider dividing acreage.
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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 9, 2026 | Price Decreased |
$1,385,000
↓ $115K
(7.7%) | |
| Price Decreased | |||
| Jul 15, 2026 | Listed by eXp Realty, LLC | $1,500,000 | |
| Listed by eXp Realty, LLC | |||
| |||
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Exceptional 228 Acres MOL | Offered at $1,500,000 – An GREAT value at approximately $6,579 per acre with 3-Phase, Small Farm HOME, 4 Large BARNS already in place. Located in Wilson, Oklahoma, less than 30 minutes from the Texas state line, this exceptional multi-use property is ideal for ranching, farming, hunting, commercial operations, investment, or controlled-environment agriculture. Approximately 45% of the acreage is productive Wrangler Bermuda and native grass pasture, with the balance covered in mature Post Oak and Blackjack timber offering excellent wildlife habitat. Improvements include four metal buildings totaling approximately 20,000 sq. ft. MOL, complete with three-phase electric, lighting, water, and an 80-foot water well, making the property well suited for agricultural production, warehousing, manufacturing, storage, livestock operations, or numerous commercial uses. Additional features include three ponds, extensive Highway 76 frontage to the corner of Sandy Stone Road, and an income-producing rent house currently leased for $475 per month. Minimum 24-hour notice is required to show the rent house. REALTORS®: Lockbox located on the main gate. Call listing agent for access code. Owner will divide the acreage the home is listed in MLS. Large land opportunities to purchase of this size at this price point are increasingly hard to find.
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| Jul 8, 2026 | Price Increased |
$1,500,000
↑ $1M
(328.6%) | |
| Price Increased | |||
| Jun 4, 2026 | Price Decreased |
$1,950,000
↓ $400K
(17%) | |
| Price Decreased | |||
| May 14, 2026 | Price Decreased |
$2,350,000
↓ $25K
(1.1%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017