16590 Watkins Rd
About This Property
Central to this estate's value are its extensive water rights, ensuring a rich supply for any use:
Upper Arapahoe: 2.53 Acre-Feet per Year (AFY)
Lower Arapahoe: 11.428 AFY
Laramie-Fox Hills: 8.901 AFY
A deep 600ft well into the Lower Arapahoe aquifer guarantees a constant water source, supporting both domestic needs and extensive agricultural or commercial activities.
Electricity is no afterthought here, with 1500 AMPs available to the property, alongside three 100 KVA transformers. This infrastructure supports high-demand operations, whether for sophisticated residential living or intensive commercial ventures.
The estate features ten 30x100 polycarbonate greenhouses, each supplied with propane and water, laying the groundwork for a robust agricultural operation. The provision for thirty additional greenhouses signals the property's readiness for expansion and scalability.
The inclusion of a brand-new septic tank and leach field speaks to the estate's modern amenities and readiness for development.
A 40x100 steel structure barn, equipped with 200 amps and water, presents versatile options for storage, livestock, workshops, or any venture requiring substantial space.
Zoned for A3, this estate offers unparalleled freedom, allowing for an extensive range of uses from serene residential living to ambitious commercial projects. The possibilities are as vast as the property itself, from a luxurious estate, a commercial enterprise, to a high-yield agricultural farm.
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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 |
|---|---|---|---|
| Jan 15, 2026 | Price Decreased |
$1,400,000
↓ $100K
(6.7%) | |
| Price Decreased | |||
| Sep 9, 2025 | Relisted | $1,500,000 | |
| Relisted | |||
| Aug 18, 2025 | In contract | - | |
| In contract | |||
| Nov 14, 2024 | Price Increased |
$1,500,000
↑ $200K
(15.4%) | |
| Price Increased | |||
| Feb 6, 2024 | Listed | $1,300,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017