16499 Wilkey Road
About This Property
Property Highlights:
• Total Size: 200 Acres
• 150 Acres of Prime Irrigated Farmland • 47 Acres of Native Desert Land (ideal for expansion, grazing, or future development) • Established Water Rights for Irrigation • Comfortable Farm Residence Included • Horse Stables and Agricultural Improvements • Proven High-Yield Alfalfa Production History
This turnkey agricultural property offers the perfect blend of productive farmland, ranch potential, and long-term investment value. Whether you are an established operator, investor, or looking to expand your agricultural footprint in the Borderplex region, this farm delivers both performance and opportunity.
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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 8, 2026 | Price Decreased |
$646,000
↓ $212K
(24.7%) | |
| Price Decreased | |||
| Mar 1, 2026 | Listed by Team Juan Uribe | $858,000 | |
| Listed by Team Juan Uribe | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017