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Property profile & analytics
OFF-MARKET
Land

Sunray TX Morton Elevator Rd Stinnett, TX 79086

320 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 320-acre agricultural property in Moore County, Texas, presents a compelling investment opportunity. Located southeast of Sunray, near Morton Elevator Rd, this farm boasts approximately 120 acres of irrigated land, serviced by two irrigation wells (one currently inactive). The robust irrigation infrastructure includes a T&L 1 ¼-mile sprinkler, a Zimmatic 1 ¼-mile sprinkler, a turbine pump with gearhead, a belt drive generator, a submersible pump, and a domestic well with its own submersible pump. Power is currently supplied by an on-site generator, with 3-phase electricity available approximately 1 ½ miles away. The property's irrigation system delivers approximately 150 gallons per minute (GPM) with a GPM/wet acre rate of 1.25. Additional improvements include a Chevy 454 engine. The asking price is $1,900 per acre, totaling $608,000. Detailed directions from Sunray, TX are available upon request. This property offers significant potential for agricultural production and represents a strong value in the current market. The property is conveniently located near Sunray, TX, offering easy access to local amenities and transportation routes.

Property profile
Verified
Property type Land
Lot 320 ac (13,939,200 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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