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    72 Co Rd Lockney, TX 79241

    For Sale
    $424,575

    LAND - Lockney, TX

    Lot size:
    333.00 Acres
    Days on Market:
    33
    Last Refresh:
    Dec 12 at 1:06 pm

    Property Features for 72 Co Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    APN
    R000005042
    Lot size
    333.00 Acres

    Utilities

    Utilities
    Electricity Available

    Western Heritage Realty/Invest (806) 823-2040

    Listing agent Cayson George (806) 341-8524 License #0716036

    Listing date Nov 10, 2025

    MLS# 202551778 Listing URL

    Copyright © 2025 Lubbock Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Floyd County Land Investment Opportunity

    This 333-acre property, located in Floyd County, Texas, presents an investment opportunity for agriculture, conservation, and recreation. A significant portion, 268.52 acres, is enrolled in the Conservation Reserve Program (CRP) until 2032, generating an annual income of $33.59 per acre. The property benefits from county road frontage on its south and west sides, ensuring accessibility. Electricity is available on site. The surrounding area consists of productive irrigated farms, suggesting potential for future irrigation development. The property could be converted back into pasture for grazing operations. The land also offers hunting opportunities, with established mule deer herds, waterfowl, sandhill crane, quail, and pheasant known to inhabit the area.
    Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Lockney
    County
    Floyd
    State
    Texas
    Longitude
    -101.464081
    Latitude
    34.247453

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    FAQs

    What type of property is this?
    Farm - 333 acres in Floyd County, Texas, with CRP income.
    Where is this farm located?
    The property is located at 72 Co Rd Lockney, TX.
    What is the asking price?
    The asking price for this property is $424,575.
    What are key features of this property?
    This property features: - 268.52 acres enrolled in CRP until 2032, generating $33.59 per acre annually.; - Excellent hunting opportunities for mule deer, waterfowl, sandhill crane, quail, and pheasant.; - Prime location surrounded by productive irrigated farms, presenting future irrigation potential.
    (806) 341-8524
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    72 Co Rd Lockney, TX 79241
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