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About This Property
The land is currently under an active share crop lease, allowing for immediate income potential and established agricultural activity. The soil is productive, and the mostly open terrain makes for efficient use of every acre.
Water and electricity are available at the road, offering added value and flexibility for future infrastructure, barns, or utility access points.
With its excellent location just minutes from Salado and easy access to I-35, Temple, Belton, and Georgetown, this land holds long-term value in a rapidly appreciating area. Whether you're an investor, rancher, or farmer looking to expand your operation, this is a rare opportunity to secure quality acreage with infrastructure potential in place.
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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 |
|---|---|---|---|
| Jan 14, 2026 | In contract | - | |
| In contract | |||
| Jan 7, 2026 | Price Decreased |
$320,000
↓ $20K
(5.9%) | |
| Price Decreased | |||
| Oct 14, 2025 | Listed by Whitetail Properties Real Estate | $340,000 | |
| Listed by Whitetail Properties Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017