6801 Wheatland Dr
About This Property
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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%.
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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 24, 2026 | Listed | $6,000,000 | |
| Listed | |||
| Apr 1, 2022 | Listed | $4,875,000 | |
| Listed | |||
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Residential development opportunity at the corner of Tipple Parkway and Weld County Road 17 in Frederick. The property is located in the path of development along Highway 52 and zoned residential low density with a PUD overlay. It is conceptually planned for 325 single-family detached lots with additional acreage for up to 200 townhomes. Utilities are currently not on site - there is a water line on Wheatland Boulevard and a sewer line can be pulled from the neighboring development.
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| Dec 15, 2020 | Sold | ||
| Sold | |||
| May 12, 2020 | Listed by Porchlight Real Estate Group | $800,000 | |
| Listed by Porchlight Real Estate Group | |||
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Rare opportunity to take advantage of the Front Range's sizzling market. Annexed to the town of Frederick and granted R1 zoning. R1 zoning yields approximately 5 houses per acre. The property was also granted a PUD overlay that can allow up to 15 acres of town homes or condos. Sewage disposal will be provided by the St. Vrain Sanitation district. St. Vrain Valley school district schools are available. Good news for developers is Frederick's "Can Do" attitude. With home prices soaring, these opportunities are very rare. The mountain views from this property are outstanding and the slope insures views will be maintained over time. Mineral and oil rights will be retained by the seller. Great access to Hwy 52 and 1-25 make this a central location.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017