Ash
About This Property
Nice opportunity to own a 0.20-acre lot located on Ash Street in Wray, CO 80758. This fairly flat parcel offers an excellent setup for a future home or investment property and is served by city water, making development more convenient and cost-effective.
Situated within the city of Wray, this lot provides easy access to local schools, parks, downtown amenities, shopping, and dining, while still offering a quiet residential setting. The level terrain allows for straightforward site planning and flexibility in design.
Whether you're looking to build now or hold for future use, this centrally located lot offers a great opportunity in a growing Eastern Colorado community. Buyer to verify zoning, utilities, and intended use.
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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 |
|---|---|---|---|
| Jan 17, 2026 | In contract | - | |
| In contract | |||
| Jan 5, 2026 | Listed by LPT Realty | $6,000 | |
| Listed by LPT Realty | |||
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| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
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Last Updated: 9 months ago
Data Source: REcolorado MLS, MLS# 4594331
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