8.741 S HIGHWAY 287
About This Property
LOOK ON TRANSACTION DESK FOR NEW INCENTIVES FROM THE CITY ON THIS PROPERTY
Prime commercial property with multiuse potential. Less than a mile from 2014 TxDot data records showing approx. 34,000 daily traffic count and less than half a mile from approx. 12,000 daily traffic count. Close to hotels, restaurants, Home Depot, Schulman's Movie Bowl Grill, Russell Stover's and Guardian Glass manufacturing facilities. Sewer line in place, survey and PH 1 Environmental available. Sewer runs from front to back through entire 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 |
|---|---|---|---|
| May 25, 2023 | Sold | ||
| Sold | |||
| Mar 27, 2023 | Listed by Century 21 Mike Bowman, Inc. | $699,000 | |
| Listed by Century 21 Mike Bowman, Inc. | |||
| Mar 10, 2023 | No longer available | - | |
| No longer available | |||
| Jan 10, 2023 | Price Decreased |
$699,000
↓ $151K
(17.8%) | |
| Price Decreased | |||
| Oct 27, 2022 | Listed by Century 21 Mike Bowman, Inc. | $849,900 | |
| Listed by Century 21 Mike Bowman, Inc. | |||
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Near two new lake home subdivisions. I-1 Zoning. Take advantage of Corsicana's OPPORTUNITY ZONE!!!LOOK ON TRANSACTION DESK FOR NEW INCENTIVES FROM THE CITY ON THIS PROPERTYPrime commercial property with multiuse potential. Less than a mile from 2014 TxDot data records showing approx. 34,000 daily traffic count and less than half a mile from approx. 12,000 daily traffic count. Close to hotels, restaurants, Home Depot, Schulman's Movie Bowl Grill, Russell Stover's and Guardian Glass manufacturing facilities. Sewer line in place, survey and PH 1 Environmental available. Sewer runs from front to back through entire property.
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About Eureka
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Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20289337
Details provided by NTREIS and may not match the public record
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Address: 335 Madison Avenue, New York, NY 10017