617+/- Acres, Outstanding Saline County Bottom

617 Saline County

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617+/- Saline
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Available

Price$4,230,000

Location: County Rd VV, Sweet Springs, MO 65351 (near Emma, MO)

County: Saline

Download Documents:
Plat Map
Aerial Mapright
Aerial FSA
Soil Map

Acres:
617+/- Total Acres
514.13+/- FSA Tillable Acres

CRP Information: N/A

Taxes: $1,545.00 Annually

Features:
4.45% Return on Investment Potential
Large Contiguous Tract
514 Tillable Acres, Levee Protected
Tillable Acres Rented at a rate of $250/acre thru 2023 (optional)
4 – 10,000 Bushel mol Grain Bins with Motors
Outstanding Location, 60 Minutes East Kansas City
1.5 Miles From I-70 Ramp at Emma, MO
Asset Depreciation Valued at $1 Million+
Dockery Soils

Levee Information (Source Owner/Macon CO NRCS):
Slope: 3 to 1
80′ Base, 4′ Flat top, 12′ High
Cost: $2.78/Yard (State Average)
1/2 mile of levee equals 48,000 yards x $2.78 equals $133,440 or $50.50 per foot

Depreciable Assets (Source Owner):

  • Levee, 4.5 miles or 23,760 feet x $50.50 per foot = $1,119,880
  • 4 – 10,000 Bu Grain Bins (40,000 Bu Total Capacity)
    1.  One-ton re-bar, $1,200
    2. Labor concrete, $3,000
    3. Rock, $500
    4. Concrete, $8,400 ($120/yard x 70 yards)
    5. Electric, $1,500
    6. Bin, $48,800 ($1.22 Bu)
    7. Bin Labor, $12,800 ($0.32 Bu)
  • Total Bins, $76,200
  • 1 – 6′ Diameter x 60′ Tube, $8,000
  • 1 – 24″ Diameter x 60′ Tube, $2,500

ROI Calculations:
$4,230,000 Offering Price
$128,500 Annual Cash Rent Lease
$10,000 Annual Hunting Lease (Estimated)
$50,000 Annual Depreciation for 20-years
4.45% ROI

Property details:
This gem offers 617+/- levee protected acres of which 514+/- are FSA tillable acres, 40,000 bushel grain storage, great location just off I-70 east of Kansas City, plus Dockery Soils. The tillable acres are leased (buyer can choose to cancel) at a rate of $250 per acre through 2023. Investors have the potential to realize a 4.45% ROI when considering cash rent, optional hunting lease, and depreciable assets.

Directions: From Kansas City, East on I-70 approximately 60 miles, take exit 62 at Emma, MO, follow County Road VV to the farm.

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Request more information about this property:

Realtor: Dennis Prussman,
Phone:
(816) 262-6178,
Email:
dennis.prussman@gmail.com

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