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Property profile & analytics
OFF-MARKET
Land

0 Norris Cp Rd Bay City, TX 77414

507 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 507 ac (22,084,920 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
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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