9484 State Highway 36 E
About This Property
The ranch features established improved Coastal Bermuda supported by two irrigation pivots covering approximately 95–100 acres. Recent hay production included approximately 210 round bales from the east pastures on the first cutting and 110 round bales from the irrigated portion on the second cutting. The west pasture has primarily been used for grazing.
Water resources include four wells and two surface tanks supporting irrigation, livestock, and ranch operations. The property is cross-fenced into seven pastures with good barbed-wire fencing, working pens, and a round pen, providing an efficient setup for rotational grazing and livestock management.
An updated 3-bedroom, 2-bath farmhouse offers comfortable country living with an open-concept layout, split-bedroom floor plan, and front and back porches. Mature trees surround the home, creating a peaceful, established homesite.
Additional improvements include a 40' x 40' metal shop for equipment, tools, feed, and ranch projects. With irrigated Coastal, proven hay production, abundant water, seven pastures, livestock facilities, a shop, updated farmhouse, and exceptional highway frontage, this ranch offers a rare combination of productivity, functionality, accessibility, and authentic Texas ranch living.
All acreage, measurements, production figures, distances, and other information are approximate and should be verified by Buyer and Buyer's Agent.
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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 25, 2026 | Listed by Trinity Ranch Land Cross Plain | $1,600,000 | |
| Listed by Trinity Ranch Land Cross Plain | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017