365 Gipson Rd
About This Property
The land features gently rolling terrain, native vegetation, and the scenic charm that defines the Hill Country. Multiple access points enhance convenience, with frontage along Klett Ranch Road (340 ft), Towhead Valley Road (760 ft), and Gipson Road (3,900 ft).
An existing agricultural exemption provides valuable tax benefits, while abundant water resources include six productive wells on the property.
Infrastructure is already in place, with newly built roads and readily available electrical service. A well-constructed 28-foot-wide private road ensures easy navigation throughout the acreage.
Additional improvements include a rustic hunter's cabin-ideal for restoration or use during future construction.
Offering privacy, natural beauty, and outstanding development potential, this property is a rare chance to secure a significant piece of the Texas Hill Country.
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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 |
|---|---|---|---|
| Aug 6, 2026 | Price Decreased |
$12,950,000
↓ $168K
(1.3%) | |
| Price Decreased | |||
| Aug 1, 2026 | Price Decreased |
$13,117,500
↓ $817K
(5.9%) | |
| Price Decreased | |||
| Jul 11, 2026 | Price Decreased |
$13,934,250
↓ $495K
(3.4%) | |
| Price Decreased | |||
| Apr 22, 2026 | Listed by Topper Real Estate | $14,429,250 | |
| Listed by Topper Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017