The 1788 Ranch
We are pleased to present this 5,470 acres of irrigated and ranch land.
Location:
The majority of the land (roughly 4,852 acres), is located southeast of Seminole and North of Andrews, east of HWY 385. Of the total acreage, the ranch portion is roughly 4,221. An additional 1,400 or so acres are irrigated, 400 of which are certified organic. There are also around 200 acres enrolled in CRP, which per the seller, pays $55/acre through 2030. There is also an additional 649.9 acre farm of grass not continuous with the ranch, located northwest of Plains, that will convey with the sale.
Land:
A large portion of the acres (around 25%) is Brownfield fine sand. Another 20% or so is Jalmar-Penwell association, as well as Patricia fine sand, Triomas and Wickett soils, and others in smaller quantities.
Improvements:
All of the wells and pivots have been recently installed. There are approximat...
All of the wells and pivots have been recently installed. There are approximately 60 total wells on the ranch itself, pumping around 1,300gpm total per the seller. There are also roughly 5 miles of underground water pipeline on the ranch. The ranch is also completely fenced by 5 strand barbed wire. All improvements were installed in 2023.
On the 600 acres in the northeast corner of the ranch, there are an additional 25 wells, pumping an estimated 750gpm. This farm features 400 certified organic acres under pivot, along with the 200 acres of CRP as previously mentioned.
All in all, this property provides an incredible opportunity for depreciation and other tax incentives.
Government Programs:
Per the seller, there are about 200 acres in CRP at roughly $55/acre through 2030.
Price:
This property is being offered at $9,500,000, or roughly $1,736/acre.
Notes: Buyer is encouraged to conduct their own due diligence prior to purchasing. All info listed above is according to the best knowledge of the seller and other relevant sources. The TX Real Estate Group will not be held liable for any information found to be inaccurate during or after closing the buying process. All buyers agents must be identified on first contact and accompany buyers on all showings in order to be given full participation fee. If these requirements are not met, participation fee will be at the sole discretion of the TX Real Estate Group.
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