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    OFF-MARKET
    Land

    23700 Mcafee Rd, Amarillo, TX 79119

    3812 ac lot
    Property ID
    Property summary
    AI-generated overview

    Established in 1928, Vincent Farms presents a unique investment opportunity encompassing ±3,812 acres of prime agricultural land west of Canyon and Amarillo, Texas. This expansive property boasts 11 miles of road frontage, providing exceptional access and development potential. Significant improvements include 23 wells (21 interconnected, serving ±1,685 acres under pivot irrigation), 7 sprinklers, a substantial 2016 shop/barndominium exceeding 20,000 gross square feet (with 1,590 square feet of living space), two quonset barns, and approximately 105,000 bushels of grain storage capacity housed in five 21,000-bushel bins. Extensive fencing includes 10 miles of 5-strand barbed wire and 13 miles of hot wire. Infrastructure is robust, featuring fiber optic and natural gas lines, along with four 10,000-gallon storage tanks. The sale includes 50% of the owned mineral estate, as well as all wind and solar rights. Please note that all rolling stock, portable corrals, cattle equipment, Batco conveyors (2), six shipping containers, fuel tanks and trailers, and feed bunks and chutes are excluded from the sale. This is a rare opportunity to acquire a large-scale, well-equipped agricultural property with significant development potential in a desirable location. The asking price is $24,783,590. Located in Randall County, Texas, with the address 23700 McAfee Rd, Amarillo, TX 79119.

    Property profile
    Verified
    Property type Land
    Lot 3812 ac (166,050,720 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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