21418 Silver Spur Lane
About This Property
One of the biggest highlights of this property is the incredible backyard setup. The expansive lot is perfect for horses, animals, toys, or future improvements, and it includes a massive 60x30 workshop with 12-foot garage doors, ideal for large vehicles, equipment, or serious projects. Attached to the workshop is a 12-foot covered RV port, plus the entire structure is wired for 240V, making it perfect for contractors, car enthusiasts, business owners, or anyone needing true functional space. Recently added solar panels help keep utility costs low, while generous RV parking provides room for all your trailers and toys.
This property offers a rare combination of land, upgrades, and usable infrastructure in a private setting. Whether you are looking for a horse property, a home with a true workshop, or simply space to build your vision, this one delivers. Quiet, versatile, and packed with value, 31418 Silver Spur Lane is a rare opportunity you do not want to miss.
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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 |
|---|---|---|---|
| Mar 2, 2026 | Sold | ||
| Sold | |||
| Jan 31, 2026 | In contract | - | |
| In contract | |||
| Jan 24, 2026 | Price Decreased |
$895,000
↓ $5K
(0.6%) | |
| Price Decreased | |||
| Jan 15, 2026 | Price Increased |
$900,000
↑ $50K
(5.9%) | |
| Price Increased | |||
| Jan 8, 2026 | Listed by Oscar Tortola Group Real Estate Services | $850,000 | |
| Listed by Oscar Tortola Group Real Estate Services | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017