Current Use by Public Records
- Land
Property Details for 0000 Verhalen Tx
- Lot size
- 320.00 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
This exceptional 320-acre ranch in Reeves County, Texas, presents a compelling investment opportunity. Located near Verhalen, TX, the property boasts abundant water resources, promising significant future income potential or exploration possibilities. New oil and gas leases are being signed in the area, further enhancing its value. The land's history includes use as a West Texas cotton farm and cattle grazing, suggesting fertile soil suitable for hay or cotton farming. An old irrigation canal crosses the ranch, providing a natural water source for livestock. The property's rich history traces back to the late 19th century, with ties to the Hoban community and its namesake, Reverend Joseph Hoban. Geological exploration may uncover arrowheads, petrified wood, and other artifacts. Currently, a small portion (5 acres) of the ranch is under oil lease and producing, but no mineral rights are included in the sale. An additional 340 acres of adjoining land are available for separate purchase. Note that the additional acreage has significant restrictions. This expansive property offers a unique blend of historical significance, agricultural potential, and promising resource exploration opportunities. The asking price for this 320-acre tract is $320,000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Saragosa
- County
- Reeves
- State
- Texas
- Longitude
- -103.607
- Latitude
- 31.174
