Property profile

0 Xxx Gruver Gruver, TX 79040

OFF-MARKET
Land
1280 ac lot
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Property summary

AI-generated overview

This exceptional 1,280-acre Texas farm, known as the Double D Ag Center, presents a unique investment opportunity in Hansford County. Located near Gruver, TX, this property boasts a rich agricultural history and is ideally suited for continued farming and ranching operations. The land is divided into two sections: Section 211, situated approximately six miles southwest of Gruver on FM 2018, features pavement on two sides, complete fencing, a shed, pipe pens, a large water tank, and a submersible well for the pens. Irrigation is provided by a half-mile long, 18-tower Zimmatic pivot with 11 x 38-inch tires, supported by four turbine wells delivering approximately 1100 gallons per minute (gpm). Recent crops included wheat and cotton. Section 203, located about ten miles west and north of Gruver on FM 1262, offers paved road access on its western boundary. This section also includes boundary fencing, pipe pens, and a 20-ft steel water tank with a submersible pump. Irrigation is managed by a Zimmatic pivot delivering 550 gpm, powered by one turbine pump and two submersibles. Currently, there are 361 wet acres, with recent crop rotations of cotton, wheat, and milo. Both sections offer significant potential for further development and enhanced productivity. The asking price for this expansive and well-equipped agricultural property is $4,950,000. The property's strategic location, existing infrastructure, and proven agricultural productivity make it an attractive investment for discerning buyers seeking a substantial and profitable landholding in a thriving Texas agricultural community. The strong agricultural tradition of Hansford County, coupled with the readily available amenities in Gruver, ensures a supportive environment for continued success.

Property profile

Verified
Property type Land
Lot 1280 ac (55,756,800 SF)

Cap rate & NOI

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

Location

Xxx Gruver Gruver, TX 79040
Gruver 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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