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    OFF-MARKET
    Land

    795 Co Rd, Bay City, TX 77432

    240 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 240-acre property in Matagorda County, Texas, presents a unique investment opportunity combining commercial, ranch, and residential potential. Located at 795 Co Rd 421, Danevang, TX 77432, near Bay City, this expansive land parcel offers significant versatility. Currently, 160 acres are available for immediate purchase, with an additional 80 acres available under a two-year lease-to-own agreement at $8,000 annually. The property boasts ample water facilities throughout the pastureland, ensuring sufficient resources for livestock or other agricultural uses. No ponds are present, but water drainage systems are in place. The land is free of easements and lacks any existing electric, gas, or oil lines. Included in the sale is a Ford F350 Super Duty truck. The seller is highly motivated and open to negotiations. The property's history includes agricultural operations, with equipment potentially available for purchase separately. This equipment includes a 2018 John Deere 6130D tractor, a Hay Baylor Mega roll D659, a Frontier 6-wheel rake, a 2005 Kubota M125XDTC tractor, an antique Ford tractor, a batwing shredder, a pothole digger, a six-way leveler, a four-ton cattle food grinder/mixer, butcher shop accessories, a 220/120 electric converter, a freezer, and an ice dispenser. The seller previously operated a livestock and butchering business on the property, generating approximately $200,000 in annual income (excluding labor costs). Future development opportunities exist, with approved USDA grants totaling $25,000 for a new green pipe house and an additional $60,000 for other improvements. Annual NRCS and USDA grants of $12,000 are also available. Serious inquiries are encouraged

    Property profile
    Verified
    Property type Land
    Lot 240 ac (10,454,400 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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    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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