97 Grellhesl Road
About This Property
Enjoy the benefits of an agricultural exemption for lower property taxes while taking in the open skies and peaceful countryside. Whether you're looking to establish a homestead, graze livestock, or simply invest in land with incredible potential, this property is ready to accommodate your vision.
Just minutes from the town of West and a short drive to Waco, this location offers the best of both worlds-rural charm with easy access to schools, shopping, and major highways.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 27, 2025 | Sold | ||
| Sold | |||
| May 31, 2025 | In contract | - | |
| In contract | |||
| May 10, 2025 | Listed by Central Lux Realty, LLC | $207,830 | |
| Listed by Central Lux Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017