348 Rd Wallace, NE 69134
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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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.