20 Flys Street
About This Property
A unique feature of this property is the billboard pole located on-site, which provides the owner with royalty income. The existing 20-year lease agreement is set to renew in January 2026, offering a stable income stream and additional investment appeal.
Adjacent to this tract, the property at 11421 US 59 is also available for sale. When combined, both parcels offer a total of approximately 31,885 SF of highway frontage land, providing an excellent opportunity for larger-scale development, expansion, or investment.
This offering is ideal for investors, developers, or end users seeking a high-exposure location with income potential and future growth opportunities in Shepherd, TX.
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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 |
|---|---|---|---|
| Dec 31, 2025 | Sold | ||
| Sold | |||
| Sep 29, 2025 | Listed by White House Global Properties | $200,000 | |
| Listed by White House Global Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017