3187 HIGHWAY 72
About This Property
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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%.
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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.
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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 |
|---|---|---|---|
| Sep 11, 2026 | Price Decreased |
$138,000
↓ $11K
(7.1%) | |
| Price Decreased | |||
| Jun 13, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Jun 13, 2026 | Listed by United Country RE-Bluntzer RE | $148,500 | |
| Listed by United Country RE-Bluntzer RE | |||
| Jan 10, 2026 | Price Decreased |
$249,950
↓ $15K
(5.7%) | |
| Price Decreased | |||
| Mar 12, 2025 | Listed by Grand Land Realty LLC | $264,950 | |
| Listed by Grand Land Realty LLC | |||
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A prime residential development tract located on Hwy 72 directly across from Choke Canyon State Park. The 10-acre tract is conveniently located 5 miles from both the South Shore and Calliham Unit Boat Ramp and is only 8 miles from Three Rivers. Seller has a preliminary plat with 10 approximately 1-acre lots accessed by a common entrance from Hwy 72. Water is available from El Oso Water Supply and electricity is available from Karnes Electric Co-op. The tract has approximately 925' of frontage on Hwy 72. The property has about 20' of elevation change sloping downhill from east to west. It has several nice mature trees including Live Oaks and Mesquites. El Oso WSC has a line running along the northern boundary and confirms additional taps are available. Karnes Electric Co-op has lines running along the frontage and several service poles on the interior of the property. Septic systems will be needed. The seller has brought in over 80 loads of base material to aid with the future development. Ask broker for subdivision plat.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017