16204 Mathis Road
About This Property
This expansive 80-acre property offers endless opportunities for development, a leisure ranch, or cattle farming. Located in the rapidly growing area of Hockley, there is ample new construction surrounding this property, this land is perfectly positioned for those seeking both convenience and tranquility. Although part of the property is within a floodplain, it has never flooded, offering peace of mind for future owners. Don't miss out on this unique offering! Spacious home on the property is included in this sale.
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Cap Rate Calculator
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 11, 2025 | Sold | ||
| Sold | |||
| Oct 15, 2024 | Listed by Braden Real Estate Group | $2,999,900 | |
| Listed by Braden Real Estate Group | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/15/2024
| |
Loft
|
-
|
-
|
$2,999,900
Loft
-
|
$2,000,000
-33.33%
09/11/2025
|
JaQuita Montgomery
Braden Real Estate Group
|
|
01/16/2023
| |
3 Bed
|
2 Bath
|
2100 ft²
|
$2,500,000
3 Bed
2 Bath
2100 ft²
|
-
-
|
Katy Collette
Berkshire Hathaway HomeServices Premier Properties
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017