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    Productive Farm with Irrigated Land Title is generated by Realmo AI

    S 585th street, Fullerton, NE 68638

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    Claim this Listing
    For Sale
    $825,000

    Vacant Land - Fullerton, NE

    Lot size:
    140.00 Acres
    Added:
    Oct 30, 2025
    Days on Market:
    204
    Last Refresh:
    May 21 at 6:06 am

    Property Features for S 585th street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    300
    Parking features
    Garage
    Standard status
    Active
    Lot size
    140.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    8800

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jeff Moon
    Jeff Moon

    Listing agent Jeff Moon

    Listing office AgWest Land Brokers 415 West 4th Ave, Holdrege, NE

    Listing date Oct 30, 2025

    MLS# 11624728 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

    • 91+/- acres of actively irrigated land with water pumped from the Loup River at 1,000 GPM.
    • 104 certified irrigated acres (per DWEE).
    • Includes an 8‑Tower Zimmatic center pivot irrigation system.
    • Productive farm with a combination of pivot and gravity‑irrigated land.
    • Well‑maintained, fenced pasture suitable for grazing.
    • 100.46 Corn Base Acres with a 138 PLC Yield.

    Overview

    This productive farm features a combination of pivot-irrigated and gravity-irrigated land, supplied by a pumping system drawing over 1,000 GPM from the Loup River. The property includes 104 certified irrigated acres, with approximately 91 acres currently in active irrigation. The farm also offers a well-maintained, fenced pasture. The legal description is Part of SW 1/4 of Section 6, Township 15 North, Range 6 West, Nance County, NE. The property consists of 140+/- total acres, including 91+/- irrigated acres, 6+/- dryland acres, and 42+/- grassland acres. Irrigation water is sourced from the Loup River with a 1,000 GPM capacity, utilizing an 8-Tower Zimmatic center pivot. The property is located in the Lower Loup NRD and has 104 certified irrigated acres per DWEE. FSA information indicates 111.36 total cropland acres, with 100.46 corn base acres and a 138 PLC yield, totaling 100.46 base acres. The fence around the pasture is in good condition. Property taxes for 2025 are $4,036.
    Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Fullerton
    County
    Nance
    State
    Nebraska
    Longitude
    -98.1218
    Latitude
    41.3889

    Nearby Similar for Sale

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    • $825,000

      Irrigated Farmland with Grazing Potential

      Productive farm with irrigated land and fenced pasture.
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    FAQs

    What type of property is this?
    Farm - Farm with pivot irrigation, pasture, and Loup River access.
    Where is this farm located?
    The property is located at S 585th street Fullerton, NE.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: 91+/- acres of actively irrigated land with water pumped from the Loup River at 1,000 GPM.; 104 certified irrigated acres (per DWEE).; Includes an **8‑Tower Zimmatic center pivot irrigation system**.
    (308) 995-8067
    We can help!
    Listing Contact
    Jeff Moon
    Jeff Moon
    Real Estate License ID: 20171092
    Learn More
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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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