35 IH
About This Property
The property currently benefits from an AG exemption and has no known deed restrictions or zoning, providing outstanding flexibility for a wide range of future uses. Whether you're considering residential or commercial development, a long-term land investment, agricultural operations, or a private ranch, this property offers endless possibilities in one of Central Texas' fastest-growing corridors.
A power line easement is located on the property. Buyer to independently verify the availability of utilities, development requirements, intended use, and all applicable restrictions.
Don't miss this rare opportunity to secure a large tract of land in a high-growth area with exceptional visibility, accessibility, and future upside.
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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 22, 2026 | Listed by Coldwell Banker Apex | $2,500,000 | |
| Listed by Coldwell Banker Apex | |||
| Jul 1, 2026 | No longer available | - | |
| No longer available | |||
| May 27, 2026 | Price Decreased |
$2,500,000
↓ $490K
(16.4%) | |
| Price Decreased | |||
| Nov 10, 2025 | Price Decreased |
$2,990,000
↓ $1M
(25.1%) | |
| Price Decreased | |||
| Jul 3, 2025 | Listed by Coldwell Banker Apex | $3,990,000 | |
| Listed by Coldwell Banker Apex | |||
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Probate court approved sale of 35.389 acres plus undivided interest in 4.821-acre private road. No known deed restrictions or zoning, Ag exemption in place. Located outside city limits in Jarrell ETJ with power line easement on property. Buyer to verify available utilities. Easy access from northbound IH-35 frontage. Great opportunity for development, investment, or agricultural use.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017