1700 County Road 216
About This Property
The land features a strong mix of mature hardwoods including live oaks, pecans, water oaks, and sycamores, along with improved pastures that have been fertilized and weed controlled. Paved road frontage, 3-phase power, and new cattle pens are already in place.
Multiple elevated homesites provide excellent build locations with scenic views. Suitable for livestock, recreation, or a private homesite. No restrictions.
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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 11, 2026 | Price Decreased |
$725,000
↓ $25K
(3.3%) | |
| Price Decreased | |||
| Mar 25, 2026 | Listed by Keller Williams Brazos West | $750,000 | |
| Listed by Keller Williams Brazos West | |||
| Aug 29, 2022 | Sold | ||
| Sold | |||
| Jul 1, 2022 | Listed by eXp Realty, LLC | $716,652 | |
| Listed by eXp Realty, LLC | |||
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42 beautiful acres complete with improved pasture, wooded areas, mature trees, seasonal creek, hilltop with 60' of elevation sloping terrain down to Rabbs Creek. Perimeter fencing, 2 cross-fenced areas along east and west end of property to fence out the improved hay pasture, stock pond, recent clearing of underbrush in the wooded area. 3" county water line along CR 216, paved road frontage, overhead power lines near hilltop and recently installed crossing over seasonal creek. Agriculture valuation for cattle grazing and hay production, no known restrictions, partial floodplain along Rabbs Creek.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017