640+/- TOTAL ACRES (369.9AC FARMABLE EXPIRED CRP & 248.8AC PASTURE)
LEGAL: All of Section 32, Township 1 South, Range 60 West of the 6th P.M., County of Adams State of Colorado.
LOCATION: Located 18 miles NE of Byers or 26 miles South of Wiggins. On web site, click on road map link or call for map to be sent. From Byers go N on US Hwy 36 1 and miles curving East mile to Calhoun Byers Rd then N 8 miles to 88th Ave then E 2 miles to Behrens Rd, then N 3 miles to 112th then E 1 mile to Horrogate Rd then N 1 mile to the SW corner of the property.
From Wiggins go S on Hwy 52 12 miles. Hwy 52 will curve and head W and take Hwy 52 W 1 mile to Rd4 then go S 5 miles to Rd A then go 2 miles W to Peoria Rd then go 3 miles S to 144th then go 1 mile W to Horrogate Rd then go 2 miles S to the NW corner of the property.
ACREAGE: 1,701+/- total acres of rol...
ACREAGE: 1,701+/- total acres of rolling grassland with wooded pine and dry creek bottom. A survey is necessary prior to closing to establish the exact acreage.
OUTBLDGS: 50x90 round top quonset with concrete floor, lighting and corrals.
WATER: Stock well near the loafing shed and corrals powered by a solar panel. The submersible pump, solar panel, steal gates, 1 to 2 stock tanks are the property of the renter.
MINERALS: Seeller owns 30%+/- mineral rights.
PRICE: Property is priced at $384,000.00 or $600+/- per acre.
LAND USE: The renter is running 30+/- pair 6 months of the year at $11 per pair and 30+/- cows the other 6 months at a rate of $9 per pair averaging a total yearly income to the owner of approx. $3,600.00. This is an approximation, the stocking rate can be more or less in any one year depending on conditions. The renter pays a little less than the areas average market rate for grass, however, he takes care of most if not all repairs and stocks the ranch conservatively to avoid overgrazing. The current rate of return on this property at the asking price is slightly less than 1%. Competitive cash lease rates run $5 to $6 per acre for grass and $20 to $25 per acre for farm land. The potential return on this property is ($5.50 x 248.8ac pasture + $22.50 x 369.9ac dryfarm - $710 land tax) or $8,990.00 annually which would be a 2.3% return on the asking price.
TAXES: 2010 taxes were $709.76 or $1.11 per acre.
NOTE: This information has been obtained from reliable sources but, is not guaranteed by Seller or Broker. This offer is subject to error, change, prior sale or withdrawal. Broker will be working with any buyers, not represented by a buyers agent, as a Transaction (Neutral) Broker.
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