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Property profile & analytics
OFF-MARKET
Land

0 Ochiltree Co. Investment Booker, TX 79005

282 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 282 ac (12,283,920 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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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