509 Whit Road
About This Property
For those needing workspace or storage, the 40x60 insulated shop with concrete flooring and roll-up doors offers incredible flexibility for equipment, business use, or projects. Attached is a 12x24 partially finished office space with electricity already in place, ready for customization. Additional structures include an 8x25 storage shed, covered dog run, and smaller chicken coups.
Outdoor living is just as functional as it is enjoyable. A 20 ft above-ground pool sits just off the deck with a safety fence, while a concrete walkway leads to a dedicated fire pit and outdoor cooking area--perfect for entertaining or relaxing evenings at home. The property also features a mix of open pasture and lightly wooded land, including approximately 1.5 acres of unused space with future potential. Enjoy a balance of privacy and accessibility, with tree-lined boundaries providing natural screening while still being within 5 minutes of I-40, 15 minutes to Clinton, 45 minutes to Fayetteville, and under an hour to Raleigh. Whether you're looking to run a hobby farm, expand into a home-based business, or simply enjoy space and freedom, this property offers a unique combination of functionality, infrastructure, and lifestyle.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017