0 Ochiltree Co. Investment Booker, TX 79005
This exceptional 282-acre commercial land parcel presents a compelling investment opportunity in Booker, Texas. Located less than a mile west of town, this property boasts convenient access via all-weather roads on its east and south boundaries, with County Road 30 paved along its entire eastern side. The land comprises approximately 272 acres enrolled in the Conservation Reserve Program (CRP), generating an annual income of $8,166, with the contract expiring in 2023. While subject to potential flooding and ponding during periods of heavy rainfall, the property features approximately 80 acres of improved grass, ideal for potential residential development given its proximity to Booker and easy road access. The remaining 200+ acres exhibit good grass cover in water-lying areas. This property's combination of income-generating CRP land and potential for future development makes it a highly attractive investment. The asking price is $340,000. Serious inquiries are encouraged.
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.