0 Morton Elevator Rd Stinnett, TX 79086
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.