5122 MIDLAND ROAD
About This Property
This 1.11-acre homesite in Midland/Catlett is already positioned for what comes next. Recently forestry mulched, seeded and strawed, the gorgeous, flat and usable lot offers an existing working well, existing working septic and survey in hand. Bring your plans, submit for your building permit and get started.
The homesite sits well off the road, creating the privacy that is increasingly hard to find, with woods bordering three sides and plenty of separation from road noise. You're just minutes from Route 28, approximately 15 minutes to Warrenton and 20 minutes to Bristow/Gainesville, making this an easy location for commuting while still enjoying a quiet, private setting.
Build your dream home now, secure land for a future build, or add a premium prepared homesite to your long-term plans. For builders, much of the early site preparation is already behind you. For buyers ready to build, this is an opportunity to move from land purchase to permitting without starting from raw ground.
1.11 acres. Flat. Private. Well and septic in place. Survey in hand. Site prepped. Ready for your next home.
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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 |
|---|---|---|---|
| Oct 19, 2026 | Price Decreased |
$249,000
↓ $26K
(9.5%) | |
| Price Decreased | |||
| Aug 13, 2026 | Listed by Spangler Real Estate | $275,000 | |
| Listed by Spangler Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017