23350 Murrell Road
About This Property
Located in the highly regarded Waller ISD! Offering commercial land potential, a barndominium, and a carport. A separate-entry barn includes a 2-bedroom, 1-bath apartment upstairs, offering guests a private retreat, while the downstairs space can be customized to suit your needs. The large carport/shop is perfect for storage or hobbies.
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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 |
|---|---|---|---|
| Feb 10, 2025 | Sold | ||
| Sold | |||
| Apr 8, 2024 | Listed by Top Guns Realty on Lake Conroe | $2,200,000 | |
| Listed by Top Guns Realty on Lake Conroe | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017