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Johnson 76058
2924 Conveyor Drive
$2,987,459
● Land - Off Market

2924 Conveyor Drive

Burleson, TX 76028
bedrooms
Studio
bathrooms
0 Bath
$3,454,886
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Great development potential with 173.186 acres conveniently situated within 5 miles of I 35, 5 miles to Burleson's shopping, and 4 miles to downtown Joshua.  This property is located in Joshua ISD and Burleson's ETJ.  The land is beautiful with scattered trees, coastal pasture, and a stock tank. Buyer to confirm utilities.
Unit Size
-
Days on Market
-
Land Size
173.19 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
-

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 3 years ago (NTREIS #20109080)

Price History

Date / Event Date Event Price
Nov 29, 2022 Sold
Premium
Sold
Jul 8, 2022 Listed by Webb Kirkpatrick Real Estate, Inc $3,273,840
Listed by Webb Kirkpatrick Real Estate, Inc

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,368,793
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: A
  • Subdivision: G FOX
  • Land Acres: 0000054380
  • Standard Land Use Code: 7002
  • County Land Use Code: D1
  • State Land Use Code: D1
  • Legal Description 1: ABST 273 TR 26,27 G FOX

Neighborhood

  • School District Name: Joshua Independent School District
  • School Tax School District: JOSHUA ISD
  • Census Tract: 130222

Geography

  • Assessors Map Reference: 126.0273.00440
  • Account Number: R000007640
  • Subdivision Tract Number: 26,27
  • Parcel: 126-0273-00440
  • Municipality: BURLESON
  • Latitude: 32.4593
  • Longitude: -97.3382

    Address

  • Full Address: 2924 Conveyor Dr
  • Address - House Number: 2924
  • Address - Street Name: Conveyor
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Burleson
  • Zip Code: 76028

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $11,730
  • Tax Rate Code Area: 5

    Market Valuation

  • Market Total Value: $598,180
  • Market Land Value: $598,180

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $598,180
  • Assessed Land Value: $598,180

    Sales

  • Current Sale Contract Date: Nov 29, 2022
  • Current Sale Recording Date: Nov 30, 2022
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 40569
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Johnson

Stats & Trends

Median Asking:

$334,500

Sale Price/ft²

$177

Above Asking

0.02%

Average Days on Market

75

Average Home Size

2267 ft²

Average Home Age

-

Currently For Sale

1071 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 2877 Conveyor Drive, Burleson, TX, 76028

$1,650 /mo

  • 2 Beds
  • 2 Baths
  • 1,100 ft²
2877 Conveyor Drive #A, Burleson, TX, 76028 Listing by Cynthia Stewart
Unit for rent at 2875 Conveyor Drive, Burleson, TX, 76028

$1,650 /mo

  • 2 Beds
  • 2 Baths
  • 1,100 ft²
2875 Conveyor Drive #B, Burleson, TX, 76028 Listing by Cynthia Stewart
Unit for rent at 3617 Northcrest Drive, Cleburne, TX, 76031

$3,150 /mo

  • 4 Beds
  • 3 Baths
  • 2,520 ft²
3617 Northcrest Drive, Cleburne, TX, 76031 Listing by Fil Cabansag

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Hope Kirkpatrick, Webb Kirkpatrick Real Estate, Inc
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20109080
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 2924 Conveyor Drive built and last sold?
The property at 2924 Conveyor Drive was built in and last sold on Nov 29, 2022 for $0.
How much is this home worth?
The estimated value of the home located at 2924 Conveyor Drive is $0.
What are some comparable homes to 2924 Conveyor Drive?
There are currently no comparable homes to 2924 Conveyor Drive.
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