6104 peppergrass Lane
About This Property
This turnkey property includes a large barn, pipe fencing, working cattle pens, corrals, and coastal grass pastures that produce quality hay. It's fully equipped with a water well, county water meter, and overhead electric, making it ready for livestock, expansion, or development.
Rolling topography and scenic views create multiple ideal homesites, while the current setup supports agricultural use today and long-term investment tomorrow. Whether you envision a working ranch, a family estate, or future subdivision, this land delivers value and versatility.
Located just minutes from Dyess Air Force Base, Hendrick South Hospital, and all major Abilene amenities, you'll enjoy the peaceful feel of the country without sacrificing convenience. Properties of this size and setup in Wylie ISD are rare-don't miss the chance to own this piece of West Texas.
Listed separately with as 110 acres at MLS 21059392 Tracts to be surveyed for actual acreage.
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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 |
|---|---|---|---|
| Nov 5, 2025 | Sold | ||
| Sold | |||
| Sep 20, 2025 | In contract | - | |
| In contract | |||
| Sep 19, 2025 | Relisted | $790,000 | |
| Relisted | |||
| Sep 18, 2025 | In contract | - | |
| In contract | |||
| Sep 14, 2025 | Price Decreased |
$790,000
↓ $1M
(63.1%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017