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Property profile & analytics
OFF-MARKET
Land

84 State Hwy Roscoe, TX 79545

591 ac lot
Property ID
Property summary
AI-generated overview

Exceptional 591-acre agricultural property in Scurry County, Texas, strategically located near Sweetwater and Snyder, boasting over one mile of frontage on State Highway 84 and significant road frontage on County Road 466. Currently under cultivation, this flat terrain with fertile clay loam soil presents substantial income potential from farming. Its prime location offers significant advantages for diverse development opportunities, including solar and wind farms. The property shares a boundary with an Oncor Electric power substation, providing direct access to high-voltage transmission lines, a key asset for renewable energy projects. The area's strong solar irradiance (estimated at 228 W/M²) further enhances its suitability for solar development. Numerous successful solar and wind operations exist within neighboring counties, demonstrating market viability. Furthermore, its proximity to the prolific Permian Basin presents considerable oil and gas potential, with multiple nearby oil fields actively producing from various formations. While mineral rights are not included in the asking price of $6,400,000, they are negotiable. The current agricultural use maintains a low tax valuation through a cultivation lease, minimizing holding costs. APN: 21474. This property represents a rare combination of established income and significant future development potential.

Property profile
Verified
Property type Land
Lot 591 ac (25,743,960 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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