TBD E F.M Highway 1897
About This Property
The property sits within a powerful economic ecosystem anchored by major semiconductor investments from Texas Instruments (20 miles) and Globiwafers (17 miles), representing more than $35 billion in ongoing development. These projects are driving sustained job creation and accelerating housing demand across Grayson County and beyond.
With direct highway access, adjacency to Bells Elementary School, and placement within the highly rated Bells ISD, the site is primed for residential absorption. Additionally, proximity to major retail and dining corridors along US-75-just 11 miles west-ensures future residents will have seamless access to daily amenities.
Opportunities of this scale, with lake frontage, infrastructure access, and proximity to transformative employment centers, are increasingly limited. Shoreline Haven represents a compelling land banking and development play with strong upside potential in a supply-constrained market.
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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 |
|---|---|---|---|
| Mar 23, 2026 | Listed by eXp Realty LLC | $4,900,000 | |
| Listed by eXp Realty LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017