Parcel 8 Peterson Road Lot 8 Rd
About This Property
well and storage tank on property line to the north. Pin survey was done in 2019 with High Plains Survey and recorded in
Arapahoe county. County Rd 117 would be the east border. Easy access to DIA(28 minutes), town of Watkins(9 minutes),
town of Bennett(12 minutes). 40% mineral rights have been leased and are INCLUDED IN THE SALE for purchase of both parcels, otherwise 20% per tract. . Escape from the city to level useable acreage, with paved 6TH AVE, and access to I70 via Manilla Rd exit. SEE SUPPLEMENTS. Oil well is now producing, meaning monthly income with the ownership of mineral rights and boundaries for each lot/parcel.
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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.
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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 |
|---|---|---|---|
| Jan 10, 2022 | Sold | ||
| Sold | |||
| Nov 5, 2021 | Listed by KENTWOOD REAL ESTATE DTC, LLC | $249,900 | |
| Listed by KENTWOOD REAL ESTATE DTC, LLC | |||
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5 adjoining parcel are all SOLD in the approx. range of $275,000. parcel 8 is approx. 40 acres,$249k, has oil
well and storage tank on property line to the north. Pin survey was done in 2019 with High Plains Survey and recorded in
Arapahoe county. County Rd 117 would be the east border. Easy access to DIA(28 minutes), town of Watkins(9 minutes),
town of Bennett(12 minutes). 40% mineral rights have been leased and are INCLUDED IN THE SALE for purchase of both parcels, otherwise 20% per tract. . Escape from the city to level useable acreage, with paved 6TH AVE, and access to I70 via Manilla Rd exit. SEE SUPPLEMENTS. Oil well is now producing, meaning monthly income with the ownership of mineral rights and boundaries for each lot/parcel.
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About Arapahoe
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Last Updated: 11 months ago
Data Source: REcolorado MLS, MLS# 2262479
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