7300 Woodmere Drive
About This Property
Commercial property ready to be developed into residential subdivision.
Approximately 25 proposed lots.
Lots have been rough cut.
Some of the lots have been compacted.
There are deed restrictions but they are not recorded.
Full permits-may need to reapply.
City approved plat-may need to resubmit.
Variance on PD-60 feet wide lots, 5 feet setbacks and 20 feet in the front, no restrictions in the back.
Rowlett is a well-planned lake-side community.
Light rail system and access to award-winning healthcare.
Minutes to Lake Ray Hubbard.
Close to I-30 & PBGT.
Approximately 20 minutes to downtown Dallas.
Located within 20 minutes of the Telecom Corridor and Plano and Frisco.
See plans and soil analysis in supplements.
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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 |
|---|---|---|---|
| Mar 26, 2024 | Sold | ||
| Sold | |||
| Apr 4, 2023 | Listed by RE/MAX Dallas Suburbs PM | $1,195,000 | |
| Listed by RE/MAX Dallas Suburbs PM | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017