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$3,200,000

Co Rd 220, Floydada, TX, 79235

On MarketInfo

About this property

Located approximately 2 miles south of the AWS data center currently under construction, this property offers more than productive farmland- it presents an opportunity to own land in the path of future growth. As development continues in the area, buyers may wish to explore opportunities that could support the expanding workforce and surrounding infrastructure, including workforce housing, an RV park, office or warehouse space, equipment storage, food service, or other commercial ventures, subject to buyer verification of zoning, utilities, and permitting requirements. With construction already underway, now is an excellent time to secure property before surrounding development accelerates. The property includes approximately 70 acres of grass, two irrigation circles consisting of approximately 97 acres and 71 acres, an additional approximately 40-acre dryland parcel, and approximately 105 acres of pivot corners. Improvements include two irrigation wells connected by underground tile to the pivot pads. The towable pivot currently on the property belongs to the tenant and will not convey with the sale. The property is currently under a cash lease generating $20,000 annually, offering immediate income while you plan for the future.

Investor Tools

$0Estimated Mortgage Balance
$3,200,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$19,200 /month
Positive
Cash Flow Estimate:
$6,400 /month

Interested in this property?

Taylor Stephens

Reside Real Estate Co.

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Financing Details

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

City: Floydada