404 Luminary Firetower Road
About This Property
The land is a mix of open pasture and mature hardwoods, with rolling topography that offers long, sweeping views across the property. A stocked pond and a spring-fed creek wind through the acreage, adding to the natural beauty and giving future owners a reliable water feature for livestock or wildlife. Partially cleared, the open ground is ready for grazing, hay production, or row crops, while the wooded portion offers privacy, timber value, and excellent hunting potential for deer and turkey.
County road frontage and gravel access make the property easy to reach year-round, and electricity is available at the road for future improvements. The gently rolling terrain and mix of pasture and woods give this tract real versatility, whether the next owner envisions a working farm, a recreational getaway, or a quiet homestead away from it all. Surrounded by the natural beauty of the Cumberland Plateau, the property offers the kind of privacy and space that's increasingly hard to find.
Survey and parcel division for this portion of the property are currently in progress. Buyer to verify all information, including acreage and utilities.
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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 28, 2026 | Listed by Greater Downtown Realty dba Keller Williams Realty | $650,000 | |
| Listed by Greater Downtown Realty dba Keller Williams Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017