#OK-627
Listing #OK-627
Price $933,450 ($2,450/acre)
381 acres m/l. Kay County, Oklahoma INCOME PRODUCING Cropland, Grazing and Hunting Land for sale (3 FARMS TOTAL).
This offering is a combination of 3 separate farms with a diverse mixture of Cropland, Grazing, Pastureland, Haying, Hunting & Recreation. All tracts are within approximately a 7 miles radius of one another. These tracts combined also offer a Revenue Stream from Wind Energy Lease & Production, as well as an Existing Agricultural Lease with a long term tenant. There are currently wind towers located on tracts 1 & 3. Soil Types Combined on all 3 tracts have a Cap Average classification of 2.18. The combined annual projected gross revenue from all 3 tracts (based on previous year's income) are as follows: Wind Energy Payment = $26,400.00 --- Annual Agricultural Lease = $14,375.00 --- TOTAL PROJECTED ANNUAL REVENUE = $40,775.00 ...
This offering is a combination of 3 separate farms with a diverse mixture of Cropland, Grazing, Pastureland, Haying, Hunting & Recreation. All tracts are within approximately a 7 miles radius of one another. These tracts combined also offer a Revenue Stream from Wind Energy Lease & Production, as well as an Existing Agricultural Lease with a long term tenant. There are currently wind towers located on tracts 1 & 3. Soil Types Combined on all 3 tracts have a Cap Average classification of 2.18. The combined annual projected gross revenue from all 3 tracts (based on previous year's income) are as follows: Wind Energy Payment = $26,400.00 --- Annual Agricultural Lease = $14,375.00 --- TOTAL PROJECTED ANNUAL REVENUE = $40,775.00 ---
4.368% Estimated Annual GROSS RETURN (before expenses - based on full purchase price)
Each tract listed below shows additional information.
TRACT 1: 155.12 acres m/l. This farm is approximately half grass pasture / hay meadow, and the other half cultivated cropland. There's a drainage creek/draw running to a seasonal Pond near the southwestern portion of the land. An existing wind energy tower is located in the southeastern portion producing additional income for the owner. The existing agricultural lease will transfer to the new owner at Closing. Approx 7 years remaining on AG Lease, which expires July 31, 2030
FSA/USDA Info shows 69.73 acres of Cropland: 69.73 ac wheat base; 38 bushel yield.
Soil Types: Kirkland silt loam, 1-3% slopes, Milan loam, 1-3% slopes.
Lies in NW/4 of Section 6-T27N-R1E, Kay County, Oklahoma.
TRACT 2: 80 acres m/l. This small farm offers opportunities for Hunting, Grazing and Farming. There is a seasonal creek surrounded by thick timber offering habitat and bedding for wildlife. Approximately half of this farm is made up of grass pasture, creek, and trees; The other half is cultivated cropland. The existing agricultural lease will transfer to the new owner at Closing. Approx 7 years remaining on AG Lease, which expires July 31, 2030
FSA/USDA Info shows 44.69 acres of Cropland: 44.69 ac wheat base; 38 bushel yield.
Soil Types: Kirkland silt loam, 1-3% slopes, Port silty clay loam, 0-1% slopes, Kirkland-Renfrow, 3-5% slopes.
Lies in S2SE of Section 25-T28N-R1W, Kay County, Oklahoma.
TRACT 3: 146 acres m/l. This is a nice level agricultural farm mostly in cultivated cropland suitable for all crops grown in the area. An existing wind energy tower is located in the southeastern portion producing additional income for the owner. The existing agricultural lease will transfer to the new owner at Closing. Approx 7 years remaining on AG Lease, which expires July 31, 2030
FSA/USDA Info shows 138.94 acres of Cropland: 138.94 ac wheat base; 38 bushel yield.
Soil Types: Tabler silt loam, 0-1% slopes, Kirkland silt loam, 1-3% slopes, Bethany silt loam, 0-1% slopes.
Lies in NW/4 of Section 7-T27N-R2E, Kay County, Oklahoma.
For more information, please contact Hunting Country Land Specialist Mitchell Terrel at 580-327-0504
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