Austin
447 Cedar Street
$450,000 Last Listed Price
●
Land -
Off Market
447 Cedar Street
New Ulm, TX 78950
Studio
0 Bath
$448,772
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model
About This Property
Just off FM 1094 in downtown New Ulm sits over 4900 sf of building
space on .8 of an acre. With road frontage on Cedar, Taylor, and
Pine Streets, the location is ideal for your next endeavor.
Investing in a flower/plant/bulk dirt business, antique shop, or
convenient store would all be ideal businesses in this popular
town. The metal building has a drive-thru warehouse area, for
convenience, along with another roll up door for deliveries and a
separate enclosed storage area. The retail/store section has
central air/heat, one restroom, storage, counter space, and
shelving. The property is serviced by New Ulm Water Supply, and has
a large, fenced storage area with two gated entries. The planning
and design have been completed, all that is left for you is to
choose what prosperous business you want to fill in the space.
Schedule a tour today to help you decide... *Light Restrictions Apply
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$328
HOA Dues
-
Year Built
2011
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Cap Rate
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: 5 months ago (HAR #66061113)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 7, 2023 | Sold | ||
| Sold | |||
| Oct 28, 2022 | Listed by Bill Johnson & Assoc. Real Est | $450,000 | |
| Listed by Bill Johnson & Assoc. Real Est | |||
| | |||
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Just off FM 1094 in downtown New Ulm sits over 4900 sf of building space on .8 of an acre. With road frontage on Cedar, Taylor, and Pine Streets, the location is ideal for your next endeavor. Investing in a flower/plant/bulk dirt business, antique shop, or convenient store would all be ideal businesses in this popular town. The metal building has a drive-thru warehouse area, for convenience, along with another roll up door for deliveries and a separate enclosed storage area. The retail/store section has central air/heat, one restroom, storage, counter space, and shelving. The property is serviced by New Ulm Water Supply, and has a large, fenced storage area with two gated entries. The planning and design have been completed, all that is left for you is to choose what prosperous business you want to fill in the space. Schedule a tour today to help you decide… *Light Restrictions Apply
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Beds
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ft²
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Sold On
Sold On
HOA + Taxes
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Listed by: Tiffany Richardson, Bill Johnson & Assoc. Real Est
Last Updated: 5 months ago
Data Source: HAR , MLS# 66061113
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Last Updated: 5 months ago
Data Source: HAR , MLS# 66061113
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