778 Walker Road
About This Property
Choose the easy building site at the front of the property near Walker Rd, or if you are seeking a more private location, there is a well-defined road roughed in to the more centrally located, level and cleared site. This second clearing includes a 305' well with 7 GPM recovery rate (pump needed). For those looking for hunting opportunities, this land offers multiple open and cleared areas with a nearby stream, a shooting lane (needs trimming), and game trails everywhere! Whatever your intended use, this unrestricted land is worth taking a look at!
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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 |
|---|---|---|---|
| Feb 11, 2025 | Sold | ||
| Sold | |||
| Jan 27, 2025 | In contract | - | |
| In contract | |||
| Jan 3, 2025 | Listed by Realty ONE Group Select | $340,000 | |
| Listed by Realty ONE Group Select | |||
| Oct 2, 2023 | No longer available | - | |
| No longer available | |||
| May 19, 2023 | Listed by Keller Williams Mountain Partners | $400,000 | |
| Listed by Keller Williams Mountain Partners | |||
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40 acres of beautiful rural property just off Hwy 226 just minutes away from I-40. With a natural spring that turns into a creek that flows into a pond stocked with fish, combined with a shallow valley area frequented by deer and turkey, this tract has served as a hunting, fishing, hiking, and camping haven for years. Boasting of a wide variety of trees, plants, and wildlife. In addition to the natural beauty, premier building spots have been cleared in various locations. One includes a 305’ well. Another has perk holes dug. Great location that’s just 50 min. from Asheville, 15 min. from Marion, 30 min. from Morganton, 45 min. from Hickory, 40 min. from Shelby, this place is a hidden gem.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017