10
Map
2 Highway 86
About This Property
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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 |
|---|---|---|---|
| Aug 29, 2025 | Sold | ||
| Sold | |||
| Aug 4, 2025 | In contract | - | |
| In contract | |||
| May 21, 2025 | Listed by RE/MAX Accord | $325,000 | |
| Listed by RE/MAX Accord | |||
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Outstanding 35 acre parcel with Highway 86 frontage located 1 mile east of Kiowa. This parcel offers native grass pasture, many outstanding walk out building sites and full mountain range views. The lot is 3 minutes from the town of Kiowa and has paved road access and agricultural zoning is current. Adjacent 35 acre parcel (Parcel 1) is also for sale. Don't miss this opportunity! Buyer to verify all information.
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| Oct 23, 2023 | Sold | ||
| Sold | |||
| Mar 21, 2023 | Listed by MB NEW DAWN REALTY | $400,000 | |
| Listed by MB NEW DAWN REALTY | |||
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Great opportunity to own acreage property close to the town. This is originally a 157 acre parcel that will be subdivided into four parcels. This is Lot 2 and is in the EDZ for potential commercial rezone.
There are 4 lots total.
Lot 1 has a manufactured house on it, detached garage, and approximate barn size of 30x40. House needs some updating and is priced accordingly, but has great bones. Huge walkout unfinished basement ready for a custom finish to add value and substantial additional square feet. Close to restaurants, shopping, I-70, Colorado Springs and just three miles East of the Town of Kiowa. Come home to Elbert County.
Lot 3: $300,000 and is a 40 acre parcel that can potentially be subdivided into a minor subdivision of (4) 10 acre parcels.
Lot 4: $300,000 and is a 40 acre parcel that can potentially be subdivided into a minor subdivision of (4) 10 acre parcels.
All water rights will be appropriated between all 4 lots and final water info shall be provided by Seller's water attorney.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017