0 Sunray Tx 79086 Sunray, TX 79086
This exceptional 1,280-acre agricultural property in Moore County, Texas, presents a significant investment opportunity. Located southeast of Sunray, TX, the farm boasts approximately 275 acres of grass, 365 acres of dryland, and 480 acres of irrigated land, representing 75% irrigated acreage. Seven irrigation wells are in place, with three currently operational, producing approximately 540 gallons per minute (GPM). Four additional wells are being upgraded with new submersible pumps, projected to increase the total GPM to 1,440, yielding 3.00 GPM per wet acre. The property features five 1 ¼-mile sprinkler systems (one currently out of service), three existing submersible pumps, and a stock well with a submersible pump located on the grass acreage. Three-phase electric power services the wells and sprinklers. Detailed well information is available, including drilling dates and depths for the three active wells. The asking price is $4,480,000, or $3,500 per acre. Access is via FM 281 and FM 1060, following clear directions to the farm entrance. This property offers extensive irrigated and dryland farming potential, supported by significant water resources and modern agricultural infrastructure.
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
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Risks
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