Property profile

0 Channing Tx Channing, TX 79018

OFF-MARKET
Land
640 ac lot
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Property summary

AI-generated overview

This exceptional 640-acre agricultural property in Hartley County, Texas, presents a compelling investment opportunity. Located near Channing, TX (zip code 79018), this farm boasts approximately 480 acres of irrigated land, representing 75% of the total acreage. The efficient irrigation system is supported by four irrigation wells with a combined capacity of approximately 900 gallons per minute (GPM), yielding 1.88 GPM per wet acre. Infrastructure includes natural gas and 3-phase electricity. Improvements consist of a ½-mile Reinke sprinkler system, a CAT generator set with electric motor and hollowshaft pump, a Chevy engine with turbine pump, and two electric submersible pumps. The asking price is $2,176,000, translating to $3,400 per acre. Detailed directions from Hartley, TX are available. This property offers significant potential for agricultural production due to its large irrigated acreage, efficient irrigation system, and modern power infrastructure. The property is zoned for agricultural use.

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

Channing Tx Channing, TX 79018
Channing 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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