0 Cherry CrkEly, NV 89301

Property Details for 0 Cherry Crk

Lot size

860,000.00 AC

Property type

Agricultural properties

Property subtype

Other land

Description

Exceptional investment opportunity: the Butte Valley Ranch, encompassing approximately 860,000 acres across four Nevada counties (Elko, White Pine, Lincoln & Nye), is offered at $13,500,000. This expansive property boasts approximately 7,300 deeded acres and a rich history as a successful sheep and cattle operation, currently supporting around 700 cattle and 4,000-5,000 sheep, with a total of 20,641 Animal Unit Months (AUMs). The ranch features 570 acres under pivot irrigation and approximately 2,000 acres of riparian meadow. Significant potential exists to enhance water infrastructure for improved irrigation, increasing carrying capacity to 1,500-2,000 head of cattle. Modern ranch headquarters include a new 2,800 sq. ft. building complex with a shop and eight-bedroom living quarters. Additional building sites are available for expansion. Located between Wells and Ely, Nevada, this property offers unparalleled hunting opportunities, including two annual bull elk tags in units 104, 108, and 121. The operation benefits from PRF insurance, mitigating drought-related risks. Five and twenty-year average data are available upon request. This well-managed ranch presents a unique chance to significantly improve farming and livestock operations, with an experienced management team available. The pro-forma NOI is $1,587,994, resulting in a pro-forma cap rate of 11.76%.

Location Insight

City

Ely

County

ELKO, WHITE PINE, LINCOLN & NYE

State

Nevada

Latitude

40.019

Longitude

-114.935

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].