0 Hohokam Farm Way Elfrida, AZ 85610
Exceptional investment opportunity: 846 acres of prime agricultural land in Cochise County, Arizona, encompassing the Basila Pecan Farm. This expansive property, located near the intersection of W Gleeson Road and N Hohokam Farm Way, Elfrida, AZ 85610 (APN: 40136013, 40136023, 40138001, 40138002, 40138003B), is offered at $18,000,000. The land is zoned for agriculture and features robust irrigation systems. The Courtland Farm portion boasts 100% irrigation from five wells (2,500 gpm) with spin clean filters, plus one 1,000 ft. well (2018, not in use). Gleeson Farm also has 100% irrigation, utilizing four brand new wells (3,000 gpm) with sand media filters and one additional well with a new filter station (not in use). Extensive pecan plantings are in place: Courtland Farm includes approximately 286 acres of producing Western pecans and approximately 80 acres of unplanted farmland with water rights. Gleeson Farm features approximately 117 acres planted in 2015 (20% Western, 40% Waco, 40% Wichita), 150 acres planted in 2018 (80% Western, 20% Wichita), and 132 acres planted in 2019 (80% Western, 20% Wichita). This turnkey operation presents a rare opportunity for significant agricultural investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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