8287 S STATE HIGHWAY 16
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%.
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 |
|---|---|---|---|
| Aug 16, 2026 | Price Decreased |
$250,000
↓ $100K
(28.6%) | |
| Price Decreased | |||
| Apr 11, 2026 | Listed by RE/MAX Southern Estate Realty | $350,000 | |
| Listed by RE/MAX Southern Estate Realty | |||
| Oct 1, 2021 | Sold | ||
| Sold | |||
| Jul 24, 2021 | Listed by Blue Indie Realty Inc | $155,000 | |
| Listed by Blue Indie Realty Inc | |||
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This 10.003-acre tract with is located between Jourdanton and Christine and has 435 feet of Highway 16 road frontage. This property would be great for building a homesite.
Property has mild deed restrictions so it can be used for commercial or residential purposes. Boundary and fence outlines are approximate in photos. MANUFACTURED HOMES WELCOME! Power is along the road.
Improvements Include: 1) Power along the road, 2) Water well (Installed by end of July), 3) Fencing on all 4 sides, 4) Wood entrance gate.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017