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    Irrigated Farm Near Big Springs Title is generated by Realmo AI

    TBD Road West O South, Big Springs, NE 69122

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    For Sale
    $1,200,000

    Farm/Estate - Big Springs, NE

    Type:Farm
    Lot size:
    160.00 Acres
    Added:
    Jan 20, 2026
    Days on Market:
    132
    Last Refresh:
    Jun 1 at 3:06 pm

    Property Features for TBD Road West O South

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Zoning
    300
    Parking features
    Garage
    Standard status
    Active
    APN
    269010300
    Lot size
    160.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    4426

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Duane McClain

    Listing agent Duane McClain

    Listing office Nebraska Land Brokers, LLC 410 E Leota St Ste 5 #111, North Platte, NE

    Listing date Jan 20, 2026

    MLS# 11655209 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 117.2 Twin Platte NRD certified irrigated acres with a reliable water source (well G‑036139).
    • Relatively new (2015) 7‑tower Zimmatic 9500P aluminum pivot irrigation system with a recently serviced (May 2024) pump.
    • Excellent access via county gravel road frontage, located only a half mile from a paved road and 4 miles from I‑80.
    • Productive soils: Primarily Class III and Class II loams suitable for irrigation.
    • Opportunity for immediate income with strong tenant farmers in the area.
    • Organically farmed land planted to Alfalfa.

    Overview

    This pivot irrigated farm is located 4 miles east of the Big Springs I-80 Exit in Keith County, Nebraska. The farm features very good county gravel road access. It comprises 152.89+/- Keith County taxed acres, including 117.2 Twin Platte NRD certified irrigated acres. The irrigation system includes a 2015 7-tower Zimmatic 9500P aluminum pivot and an electric-powered pumping system. The registered NE Irrigation well G-036139 was drilled in 1972 and includes 117.10 Twin Platte NRD certified irrigated acres. The pump was reworked in May 2024 and set at 90'. Soils under the pivot are 69% Class III Lexworth and Norwest loams with 0-2% slopes and 30% Class II Chappell-Alie-Broadwater complex with 0-3% slopes. The farm is currently planted to alfalfa and has been operated organically for many years. Possession of the farm is available for the 2026 planting season. The corners are non-irrigated cropland. The property is located in southwestern Keith County, on Road West O South. Legal description: Township 13 North - Range 41 West of the 6th P.M., Keith County, Nebraska, Section 33: NE1/4. 2025 taxes payable in 2026 are $4,462.84. Twin Platte NRD occupation taxes are $875.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Big Springs
    County
    Deuel
    State
    Nebraska
    Longitude
    -102.151
    Latitude
    41.1225

    FAQs

    What type of property is this?
    Farm - Pivot irrigated farm opportunity near Big Springs, Nebraska.
    Where is this farm located?
    The property is located at TBD Road West O South Big Springs, NE.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 117.2 Twin Platte NRD certified irrigated acres with a reliable water source (well G‑036139).; **Relatively new (2015) 7‑tower Zimmatic 9500P aluminum pivot irrigation system with a recently serviced (May 2024) pump.**; Excellent access via county gravel road frontage, located only a half mile from a paved road and 4 miles from I‑80.
    (308) 532-5263
    We can help!
    Listing Contact
    Duane McClain
    Request Owner's contact information
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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