1982 Rocky Mound Road
About This Property
Properties offering this level of improvement, acreage, and recreational appeal near Graham are increasingly difficult to find. Seller encourages qualified buyers to submit offers.
Located minutes from Graham, this 35.959-acre property offers refined country living with recreational versatility in a desirable Young County setting. Rolling native and improved pasture, selectively cleared mesquites, and expansive views create an attractive blend of usability and natural beauty.
The manicured homesite features King Ranch drought-tolerant sod and two stock tanks, including one with dock and pump system. Native wildlife includes whitetail deer, turkey, and other species regularly seen throughout the property. Currently under Wildlife Management valuation.
The residence offers four bedrooms, three full baths, and one half bath. A dramatic two-story vaulted great room with fireplace and expansive windows captures panoramic acreage views and natural light. The open kitchen includes granite countertops, eat-at bar, double ovens, and new gas range.
Additional improvements include a 35x35 climate-controlled garage with commercial-grade doors and indoor basketball setup, two water wells, shooting range, fenced dog run, chicken coop, and Generac generator.
All equipment is offered separately from the real property and is NOT included in the listing price. Available equipment includes a 2021 Kioti CK3510 Cab tractor ($20,000), rotary cutter ($4,000), box blade ($800), Hustler mower ($2,500), and water trailer ($500).
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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 |
|---|---|---|---|
| Aug 6, 2026 | Sold | ||
| Sold | |||
| Jul 3, 2026 | In contract | - | |
| In contract | |||
| Jun 8, 2026 | Price Decreased |
$819,000
↓ $20K
(2.4%) | |
| Price Decreased | |||
| May 19, 2026 | Price Decreased |
$839,000
↓ $29K
(3.3%) | |
| Price Decreased | |||
| Apr 15, 2026 | Price Decreased |
$867,500
↓ $8K
(0.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017