4929 State Highway 16 S
About This Property
Secure a prime piece of real estate with 25.5 acres boasting extensive Highway 16 frontage, just two miles south of Graham. This is a rare chance for investors, developers, or a business seeking high visibility. Positioned conveniently outside city limits, the property is ripe for commercial development while also offering the option for continued private residential use.
The property includes a large, connected five-bedroom residence (a manufactured and mobile home combined), providing immediate living or rental potential while you plan its future. The home features multiple living areas, a fireplace, and hardwood flooring in the older section. The land itself is heavily wooded with beautiful live oaks, features a pond, and is partially fenced.
Selling AS IS. The motivated seller invites all reasonable cash or conventional offers. Don't miss this chance to acquire valuable acreage with significant highway exposure. (No VA or FHA.)
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Cap Rate Calculator
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 |
|---|---|---|---|
| Dec 11, 2025 | Sold | ||
| Sold | |||
| Oct 19, 2025 | In contract | - | |
| In contract | |||
| Oct 10, 2025 | Listed by Weatherbee Real Estate | $330,000 | |
| Listed by Weatherbee Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017