Property profile

640 Acre Fm3040 Lewisville, TX 75067

OFF-MARKET
Land
640 ac lot
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Property summary

AI-generated overview

This exceptional 640-acre property in Sherman County, Texas, presents a compelling investment opportunity. Located near Stratford, TX, with a Lewisville, TX mailing address and zip code 75067, this commercial land boasts 440 acres of irrigated farmland and 150 acres of dryland. The irrigation system, comprised of a center pivot drawing from 6 wells, delivers 1,200 gallons per nozzle. While the pivot's full circle irrigation is slightly limited due to soil conditions in a portion of the circle, it still provides comprehensive coverage. An additional 50 acres are dedicated to grass. The strategic location offers convenient access to the Cactus Feedyard to the north, providing a readily available market for grain and forage produced on the property. The asking price for this expansive and productive farm is $3,100,000. The property's address is listed as 640 Acre FM3040. This represents a significant opportunity for agricultural investors seeking a well-established and productive Texas farmland. The property is conveniently located near Stratford, TX, offering easy access to local amenities and transportation routes.

Property profile

Verified
Property type Land
Lot 640 ac (27,878,400 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

640 Acre Fm3040 Lewisville, TX 75067
Lewisville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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