55320 COOK Drive
About This Property
Offering the unique potential to subdivide into two separate lots, this property provides flexibility for builders, investors, or buyers seeking additional space for family or future resale opportunities.
Enjoy the peaceful, rural setting with plenty of room for farm animals, gardens, and outdoor living, all while being just minutes from downtown Callahan for shopping, dining, and everyday essentials. It's the ideal balance of privacy and accessibility.
Don't miss this rare opportunity to own acreage with utilities in place in a growing area.
*Buyer to perform all due diligence regarding zoning, subdivision, and any intended building plans.*
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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 |
|---|---|---|---|
| Aug 10, 2026 | Price Decreased |
$180,000
↓ $20K
(10%) | |
| Price Decreased | |||
| May 12, 2026 | Listed by VENTURE REALTY CO, LLC | $200,000 | |
| Listed by VENTURE REALTY CO, LLC | |||
| Mar 6, 2026 | Sold | ||
| Sold | |||
| Feb 11, 2026 | In contract | - | |
| In contract | |||
| Feb 10, 2026 | Price Increased |
$150,000
↑ $25K
(20%) | |
| Price Increased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017