$275,000
●
Land -
For Sale
39 Thompson Road
Graham, NC 27253
Studio
0 Bath
$1,456
Est. Monthly
About This Property
Just over 14 wooded acres in Graham has access to water & sewer
with access points at the end of Thompson Rd ( off Monroe Holt) and
Trails End Dr. Approximately 1/3 of the property is in a flood
plain, hence the pricing. Topo may allow to pull some of the flood
area out of the flood plain and create a space wide enough for a
gentle curve useable land. there is a subdivision plan done years
ago but since that time the flood area consumed some of the planned
roadway. Land is low with a creek on Trail End Side.
Property is currently in City Limits.
Unit Size
-
Days on Market
76 days
Land Size
14.85 acres
Price per sqft
-
Property Type
Land
Property Taxes
$105
HOA Dues
-
Year Built
-
Listed By
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100% Occupancy
N/A (extreme outlier) 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.
Last updated: 3 months ago (TMLS #10185639)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 11, 2026 | Listed by Keller Williams Central | $275,000 | |
| Listed by Keller Williams Central | |||
| Dec 13, 2023 | No longer available | - | |
| No longer available | |||
| Dec 3, 2023 | Listed by Keller Williams Central | $35,000 | |
| Listed by Keller Williams Central | |||
| | |||
|
Wooded lot in established Graham neighborhood, access to city water and sewer. Back portion of lot is in a floodplain as it descends to the Alamance Creek
| |||
| Aug 8, 2023 | No longer available | - | |
| No longer available | |||
| Jun 26, 2023 | Relisted | $35,000 | |
| Relisted | |||
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Property Highlights
Exterior Details
Other Structures: None
Lot Features: Wooded, See Remarks, Flood Plains, Hardwood Trees
Lot Size Area: 14.85
Lot Size Units: Acres
Lot Size Acres: 14.85
Lot Size Square Feet: 646866
Lot Size Dimensions: See Plat
Water Source: Public
Financial Details
Tax Assessed Value: $184,231
Tax Annual Amount: $1,258
Utilities Details
Sewer : Public Sewer
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Alamance
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Listed by: Gary Lee Renigar, Keller Williams Central
Last Updated: 3 months ago
Data Source: TMLS, MLS# 10185639
Last Updated: 3 months ago
Data Source: TMLS, MLS# 10185639
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