6500 W Highway 290 Highway
About This Property
Ideal for residential or commercial use, the property is well-suited for a private homesite, gentleman's ranch, or business venture such as a warehouse, contractor yard, showroom, or investment property. The land is dotted with mature oak trees, including several impressive heritage live oaks, and offers rolling terrain with scenic Hill Country views. A wet-weather creek adds natural charm, and the topography provides potential for pond construction.
Utilities include electricity and a water well already in place. Conveniently located near popular wineries, breweries, and Hill Country attractions, this property combines natural beauty with accessibility and strong investment potential.
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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 |
|---|---|---|---|
| Jul 29, 2026 | Listed by Homestead & Ranch Real Estate | $2,190,000 | |
| Listed by Homestead & Ranch Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017