7632 Road Sunray, TX 79086
This exceptional 960-acre property near Sunray, Texas, presents a compelling investment opportunity in agricultural land. Located east of Sunray in Moore County, the property boasts approximately 680 acres of irrigated land, representing 70.83% of the total acreage. The robust irrigation system includes five irrigation wells with a combined capacity of approximately 1,150 gallons per minute (GPM), yielding a GPM/wet acre rate of 1.69. Irrigation infrastructure consists of two 1 ¼-mile T&L sprinklers (one a 1996 model, the other a 1980 model), one 1 ½-mile T&L sprinkler (1993 model), four turbine pumps with gearheads, one submersible pump, three Chevy 350 engines, and one Chevy 454 engine. A domestic well with a submersible pump is also included. The property features a well-maintained 2020 model doublewide trailer home offering four bedrooms and two bathrooms. Three-phase electricity runs along the east boundary. Access is via FM Hwy 281, Bain Co. Rd, and a short drive south. The asking price is $3,696,000, or $3,850 per acre. This property offers significant irrigated acreage, robust irrigation infrastructure, and modern improvements, including comfortable living accommodations.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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