9208 County Rd 502 Road
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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 |
|---|---|---|---|
| Jul 19, 2021 | Sold | ||
| Sold | |||
| Jan 20, 2021 | Listed by Glasco Commercial Real Estate | $497,560 | |
| Listed by Glasco Commercial Real Estate | |||
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Beautiful land with a mixture of hay cultivation, a large pond and trees. Situated in Collin County, outside of any city limit or ETJ, and in the Blue Ridge Independent School District. Approximately 279 feet of frontage on County Rd 502. Great accessibility being situated 1 mile west of FM 1377 and 1.75 miles east of County Rd 500. No Flood Plain. Ag Tax Exemption in place.
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About Collin
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017