310 +/- Acre Agricultural Gruver, TX 79040
This exceptional 310-acre property in Gruver, Texas (zip code 79040), presents a compelling investment opportunity in agricultural land. The land boasts a diverse composition, featuring approximately 200 acres of dryland and 110 acres of grassland. The western 110 acres showcase rolling terrain and a portion of Horse Creek, offering a seasonal water source for livestock. The eastern 200 acres, characterized by improved grassland and Conlen Clay Loam soil with gentle 1-3% slopes, holds significant potential for irrigated farmland, given the region's water resources. The property is fully enclosed by a four-wire fence, ensuring secure containment. Convenient access is provided by paved roads on the east and west sides, complemented by an all-weather caliche road on the north. Three-phase electricity runs along the north, west, and east boundaries, adding to the property's utility and development potential. This well-located agricultural property offers significant upside for various farming and development ventures. The asking price for this expansive tract is $930,000.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.