301 S US Highway 69
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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 |
|---|---|---|---|
| Jul 15, 2024 | Sold | ||
| Sold | |||
| May 28, 2024 | In contract | - | |
| In contract | |||
| Feb 26, 2024 | Listed by Glasco Commercial Real Estate, LLC | $2,125,000 | |
| Listed by Glasco Commercial Real Estate, LLC | |||
| Mar 25, 2020 | No longer available | - | |
| No longer available | |||
| Sep 15, 2019 | Listed | $829,000 | |
| Listed | |||
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Outstanding investment opportunity in fast growing north Texas. This 30.9689 acre tract currently zoned C-2 has frontage on two highways and abuts established commercial and multi-family properties. 2016 TXDOT traffic counts indicate 5530 vehicles on HWY 69 approaching Whitewright and 6975 vehicles on HWY 69 just west of property frontage. Traffic counts on State Highway 160 at property frontage were 4139 vehicles in 2016. Tremendous growth to the south as State Highway 121 from Melissa to State Highway 160 is being expanded to four lanes. Future plans call for expansion of US HWY 69. Recent new builds in Whitewright include new apartment complex across Hwy 69, new O'Reillys Auto Parts, new Sonic and more.
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Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20545738
Details provided by NTREIS and may not match the public record
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