14
Map
TBD Park Road 36
About This Property
Drive by anytime to explore the location and imagine the possibilities. All building plans and improvements must be submitted for approval. May be approved for up to 3 homes. A rare chance to secure a versatile parcel in a highly desirable area.
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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 14, 2026 | Listed by Coldwell Banker Realty | $109,000 | |
| Listed by Coldwell Banker Realty | |||
| Jul 2, 2026 | No longer available | - | |
| No longer available | |||
| Jun 2, 2026 | No longer available | - | |
| No longer available | |||
| Oct 22, 2025 | Price Decreased |
$110,000
↓ $465K
(80.9%) | |
| Price Decreased | |||
| Jul 15, 2025 | Listed by Possum Kingdom Real Estate | $575,000 | |
| Listed by Possum Kingdom Real Estate | |||
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RARE COMMERCIAL OPPORTUNITY to own deeded LAND on the main commercial road into the center of Possum Kingdom Lake. This location enjoys the MOST road traffic, and this is the most densely populated area of the lake. One way into the Peninsula and one way out right in front of this excellent location. Sheriff station on west boundary and Possum Kingdom Welcome Center on east boundary. A commercial water meter has been installed. Building site and parking area on excellent level soil. Septic is approved and there is the potential of a sewer tap but not guaranteed. State Highway frontage is 293 feet. This parcel is a minimum of 100 feet deep PLUS an additional half acre is included which could also be subdivided by new owner and offered as a lake access building site if water meter is available or remain unsubdivided, just depends on new owner's need for space. FYI Lot 2 half acre on same plat is offered separately with new water meter. Lakefront parcels and other platted or unplatted parcels in this development are not included in this offer. Sale is subject to Seller's approved proposed use and deed restrictions. To north is big view of the lake with walking access to BRA land and pristine limestone lakefront cove. Listing Agent is a Limited Partner
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017