12
Map
500 W Highway 290
About This Property
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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%.
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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 |
|---|---|---|---|
| Apr 22, 2025 | Sold | ||
| Sold | |||
| Jan 16, 2025 | In contract | - | |
| In contract | |||
| Dec 12, 2024 | Price Decreased |
$99,500
↓ $9K
(8.3%) | |
| Price Decreased | |||
| Nov 1, 2024 | Price Decreased |
$108,500
↓ $10K
(8.4%) | |
| Price Decreased | |||
| Sep 6, 2024 | Listed by Stanberry REALTORS | $118,500 | |
| Listed by Stanberry REALTORS | |||
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3 lots being sold together totaling 1.34+/- acres with two established ingress/egress locations off of West State Hwy 290. PID # 28327 aka 500 W Hwy 290 is 1 AC and has the tear down camp house. Utilities (Water, Electric, Septic - location unknown, and Propane but all utilities have been inactive for many years. The middle lot is PID 28338 and it is covered in heavy brush. The third lot PID 28329 has the second access to the highway. Lots of potential. Could be perfect location for RVs, tiny houses, a private home site, or a business with highway frontage. Ledbetter is an unincorporated community in Fayette County, about halfway between Austin and Houston on Hwy 290. Per published traffic count 9/2023 was 19,820 vehicles in a 24 hour period.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017