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    15 1/2 Rd Elsa, TX 78543

    For Sale
    $1,100,000

    55 Acres, Irrigated, Leasable

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 55-acre farm located on TBD E Mile 15 1/2 Road in Elsa, Texas, presents a compelling investment opportunity. The property, situated in Hidalgo County, zip code 78543 (latitude 26.2930696, longitude -97.9824471), is classified as row crop farmland. A significant advantage is its existing irrigation system, ensuring consistent water access for optimal agricultural production. The land itself is already leveled, minimizing the need for extensive pre-planting preparation. Currently, the farm is under a yearly lease agreement with a local farmer, providing immediate income potential. This turnkey operation offers a seamless transition for an agricultural investor seeking established, productive land in a prime Texas location. The asking price for this highly desirable property is $1,100,000. This represents a rare chance to acquire a well-maintained, income-generating farm in a thriving agricultural region. The property's location in Elsa, TX offers easy access to transportation routes and essential agricultural services. Serious inquiries are encouraged to explore this exceptional investment opportunity further.

    Property Features for 15 1/2 Rd

    General Information

    Property type
    Farms
    Lot Size
    2,395,800 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Elsa
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.9824471
    Latitude
    26.2930696

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    FAQs

    What type of property is this?
    Farm - 55 Acres, Irrigated, Leasable
    Where is this farm located?
    The property is located at 15 1/2 Rd Elsa, TX.
    What is the asking price?
    The asking price for this property is $1,100,000.
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    15 1/2 Rd Elsa, TX 78543
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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.

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    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
    15 1/2 Rd Elsa, TX 78543
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