0 Norris Cp Rd Bay City, TX 77414
Exceptional opportunity to acquire a highly profitable, established 507-acre turf farm in Bay City, Texas. Located in Matagorda County (Abstracts 114, 301 & 298), this rectangular property boasts an optimal layout for turf production, featuring strategically placed canals for irrigation. Water sources include private wells and access to the Lower Colorado River Authority (LCRA) for backup. The property benefits from a well-designed drainage system, incorporating 28 "turtle back" plots to maximize water retention. Public electricity is readily available. The land is generally level and situated in Flood Zone X (unshaded), outside the 100-year floodplain. Currently generating approximately $3.5 million annually in revenue, even at low yields, this turnkey operation presents a significant investment opportunity. The asking price is $7,605,000, translating to $15,000 per acre. This represents a rare chance to assume an existing, successful, and income-producing turf farm with established infrastructure and water rights.
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
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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.