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Property profile & analytics
OFF-MARKET
Land

348 Rd Wallace, NE 69134

157.31 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 157.31+/- acre dryland farm presents a compelling investment opportunity in Perkins County, Nebraska. Located conveniently just two miles south of Highway 23, off a well-traveled road, this property offers easy access and excellent visibility. The land is zoned for agricultural use and boasts a total cropland acreage of 154.62+/- acres, ideal for various farming operations. Detailed FSA information is available, including wheat base acres (17.21), corn base acres (82.66), and a total base acreage of 99.87. The property's strategic location near competitive grain markets ensures efficient transportation and marketing of harvested crops. The asking price is $275,000, translating to $1,900 per acre. This represents a strong value proposition for both established farmers seeking expansion and investors looking for a stable agricultural asset. The legal description is Northwest 1/4 Section 32, Township 10 North, Range 35 West. The property is situated near Elsie, NE, with a mailing address of Rd 348, zip code 69134. This farm is offered for sale by owner. This is a rare opportunity to acquire a productive and well-situated agricultural property in a prime location.

Property profile
Verified
Property type Land
Lot 157.31 ac (6,852,424 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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