TBD Highway 342
About This Property
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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 |
|---|---|---|---|
| Jun 9, 2026 | No longer available | - | |
| No longer available | |||
| Apr 20, 2026 | Listed by Keller Williams Rockwall | $1,750,000 | |
| Listed by Keller Williams Rockwall | |||
| Apr 10, 2026 | Listed by Caprice Michelle, LLC | $1,557,000 | |
| Listed by Caprice Michelle, LLC | |||
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This is an excellent location to build any industrial storage facility, garages, a strip center, or freestanding buildings. There are two parcels that make up this 6.50 acres. It is a strip of land on Hwy 342 and runs parallel to the railroad Tracks. This is in the desirable city of Red Oaks. A quick commute to downtown Dallas or the 400+ acres of data centers in Lancaster. Parcel One # 268476 at 3.23 Acres.
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| Sep 4, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Nov 25, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017