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$2,090,500

NAL Estimated Property Value

7961 I-37 Highway S, Mathis, TX, 78368

Off MarketInfo

About this property

Productive San Patricio County Texas Farmland. Long time family ownership. Solid history of corn, grain, and cotton production. This land is leased out to a well established top quality farm tenant operator offering attractive annual rental returns on the investment . In addition the installation of a wind farm in the area resulted in multiple towers being located on this tract bringing even more ROI income to the table. The tract has over over 3900' feet of frontage along southbound IH 37. Using LAND ID overlay the tract appears to have no pipelines, no active oil field, no flood plain and appears be fairly level with just enough variation in elevation to create ample drainage. Some irrigation is present in the area. For farmers and operators larger contiguous tracts like this one are becoming hard to find these days. For investors, an Ag Exempt tract like this with multiple income streams offering commercial opportunities via tremendous high profile road frontage.... it all adds up to a must see. This area of the Coastal Bend has experienced significant industrial growth in recent years. The location of this tract is an ideal hold to see what else the future brings.

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$2,090,500
Estimated Property Value
$0Estimated Mortgage Balance
$2,090,500Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$12,543 /month
Positive
Cash Flow Estimate:
$4,181 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

City: Mathis

7961 I-37 Highway S | Property Details | No Agent List