0 Cherry CrkEly, NV 89301

Property Details for 0 Cherry Crk

Lot size

860,000.00 AC

Property type

Land

Property subtype

Farms

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

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