4125 Gregg Tex Road
About This Property
The site combines development-ready infrastructure with natural appeal, featuring mature trees, a scenic pond, and a setting that will enhance the marketability of any residential project. Major site preparation has already been completed, including removal of the existing barn and stripping the residence to the studs, creating a clean canvas for redevelopment.
With strong housing demand, excellent schools in Spring Hill ISD, and continued area growth, this property is ideally suited for a residential subdivision, custom home community, cottage development, or private estate enclave. The combination of preliminary development work, attractive topography, and prime location creates exceptional potential for value creation and investment returns.
Opportunities with this level of preparation and flexibility are increasingly difficult to find. Bring your vision and capitalize on the growth of one of the region's most desirable markets.
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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 |
|---|---|---|---|
| Jun 23, 2026 | Listed by RE/MAX Dallas Suburbs PM | $975,000 | |
| Listed by RE/MAX Dallas Suburbs PM | |||
| Jun 10, 2023 | No longer available | - | |
| No longer available | |||
| Nov 2, 2022 | Price Decreased |
$289,000
↓ $20K
(6.5%) | |
| Price Decreased | |||
| Oct 11, 2022 | Listed by Summers Cook & Co. | $309,000 | |
| Listed by Summers Cook & Co. | |||
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Adorable and elegant all rolled into one, and on 3/4 of an acre...and a barn! This wonderful property lies just off Gilmer Road with easy access to everything, and provides wonderful privacy and serenity. The home is completely updated with granite, wood look vinyl tile flooring and new fixtures, interior laundry room, fireplace with gas logs, gas cooktop, a barn with tons of storage, and that country feel right in the city. The manager has listed the unit size as 1571 square feet.
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| Apr 25, 2022 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017