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Property profile & analytics
OFF-MARKET
Land

0 Morton Elevator Rd Stinnett, TX 79086

640 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 640-acre farm and ranch property in Moore County, Texas, presents a compelling investment opportunity. Located east of Sunray, TX, near Morton Elevator Rd, the property boasts approximately 480 acres of irrigated land, representing 75% of the total acreage. The robust irrigation system includes five irrigation wells with a combined capacity of approximately 1,200 GPM, providing 2.5 GPM per wet acre. Modern irrigation equipment is in place, featuring a 2020 Zimmatic 1 ¼-mile sprinkler, two Reinke 1 ¼-mile sprinklers, and a Raincat 1 ¼-mile sprinkler, all with new gearheads and center drives. Five electric submersible pumps ensure efficient water delivery. Infrastructure includes a 2” line for stock water, a 5-strand barbed wire border fence, and a cross-fence. Three-phase electricity runs along the west and south boundaries. Well drilling dates range from 1963 to 2023, with depths recorded for some wells. The property's prime location, robust irrigation infrastructure, and accessibility make it an ideal investment for agricultural production or future development. The asking price is $2,752,000, or $4,300 per acre. Detailed well information is available upon request.

Property profile
Verified
Property type Land
Lot 640 ac (27,878,400 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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CAP Approach CAP
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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