tract 4040 of the wilcox farms - Lile Real Estate
offered for sale
TRACT 4040 OF THE WILCOX FARMS An agricultural and recreational investment opportunity
330.28 (+/-) total acres
1404 Raborn Road, Carlisle, Arkansas 72024, Lonoke County offered by
L i c e n s e d i n A r k a n s a s , L o u i s i a n a , M i s s i s s i p p i , Te n n e s s e e a n d Te x a s
DISCLOSURE STATEMENT Lile Real Estate, Inc. is the listing agency for the owner of the property described within this offering brochure. A representative of Lile Real Estate, Inc. must be present to conduct a showing. The management of Lile Real Estate, Inc. respectfully requests that interested parties contact us in advance to schedule a proper showing and do not attempt to tour or trespass the property on their own. Thank you for your cooperation. Some images shown within this offering brochure are used for representative purposes and may not have been taken on location at the subject property. This offering is subject to errors, omissions, change or withdrawal without notice. All information provided herein is intended as a general guideline and has been provided by sources deemed reliable, but the accuracy of which we cannot guarantee.
vicinity map
SUBJECT PROPERTY
pROpERTy SUMMARy Description:
Tract 4040 of the Wilcox Farms is one (1) contiguous tract of farmland consisting of 330.28 (+/-) total acres of which 281.27 (+/-) acres are in cultivation. The land is located in Lonoke County, Arkansas just southeast of the city of Carlisle with excellent access via Raborn Road (.75 mile of frontage). Improvements include a shop building with an alarm system, an irrigation system with underground pipe (100% of the cultivated acres are irrigated), and a 28.49 (+/-) acre irrigation/fishing reservoir. Utilities include Grand Prairie Water and electricity. Recreational opportunities exist for duck and deer hunting, and fishing. The property is offered $1,287,000.00. Any questions concerning this offering or to schedule for sale for $1,518,000.00. a property tour should be directed to Gar Lile (mobile: 501-920-7015) or Gardner Lile (mobile: 501-658-9275) of Lile Real Estate, Inc. (office: 501-374-3411).
Location:
Carlisle, Arkansas; Lonoke County; East Central Region of Arkansas
Access:
Via Raborn Road (.75 miles of road frontage)
Acreage:
330.28 (+/-) total acres - 281.27 (+/-) acres in cultivation (85%) - 28.49 (+/-) acres in irrigation/fishing reservoir (9%) - 17.0 (+/-) acres in woods and Bayou Two-Prairie (5%) - 3.7 (+/-) acres in improvement sites, roads, and ditches (1%)
Real Estate Taxes: $1,361.00 (estimated) Mineral Rights:
All mineral rights owned by the Seller (if any) shall convey to Buyer.
Irrigation:
100% irrigated with one (1) 60 hp re-lift located on Bayou Two-Prairie (rated 3,200 gpm) supplies reservoir and underground pipe system (1.5 miles of underground pipe). There are two (2) dry wells on site, which are maintained as registered sites.
Improvements:
4,000 (+/-) square-foot shop building (14’ wall height) with alarm system. Farm improvements are ongoing and numerous including an EQIP plan for an additional reservoir, new re-lift, additional pipe structures with inline gates, and field leveling. Two (2) tons of lime and three (3) tons of chicken litter were applied to the cultivated acres in 2006-2011 and one (1) ton of chicken litter was applied in February 2014. Four (4) focused duck hunting locations with drop pipes and one (1) duck hunting pit blind (located in the bottom of the south field).
Farm Lease:
Annual crop share agreement (term: 1/15/2014 - 12/31/2016) - 80/20 on corn - 75/25 on all other crops - Seller shall have the ability to terminate the lease early if so desired.
2014 Income:
Seller shall retain all income resulting from the 2014 crop and the 2014/15 hunting lease.
Hunting Lease:
Currently a hunting lease is in place for duck and deer hunting, and fishing on the property and the adjoining property to the west. The lease provides $12,000.00 in annual income for both properties. Hunting Lessee shall have hunting privileges associated with the lease through March 1, 2015.
Recreation:
The property offers recreational opportunities for duck and deer hunting, and fishing.
Considerations:
The property offers the potential for developing residential sites/subdivisions. The woods to the west can be leased and flooded to offer 60-80 acres of green-timber duck hunting.
Easements:
Owner shall retain an easement along the west levee of the reservoir for common ownership adjoining to the west.
EQIP Contract:
The subject property is enhanced through the approval for participation within two (2) open EQIP (Environmental Quality Incentive Program) contracts. This program is offered through and administered by the Lonoke County NRCS (Natural Resource and Conservation Service) office. Land owners and farm tenants are invited to submit applications for certain land improvement practices on their respective properties. These applications are then scored and weighed based on the perceived benefit, not only to the property, but also as to how these proposed improvements will protect and enhance the environment and protect natural resources. These are highly sought after contracts. As previously mentioned the subject property is a part of two (2) approved contracts, one (1) of which is under amendment. These contracts are property specific, and the obligation conveys with the land and title. The currently approved practices include leveling approximately 138 acres, installing approximately 1,300 linear feet of underground irrigation pipeline, construction of an additional storage water reservoir, pipe structures for water management and an accompanying electric relift. The total cost share benefiting the landowner, subject to amendment, is $122,054.00.
Offering:
PRICE REDUCED TO $1,287,000.00 ($3,900.00 per acre) $1,518,000.00 ($4,600.00 per acre)
Disclosure:
Please note that the owner of this property offered for sale is a licensed Arkansas real estate broker.
Owner Financing:
Favorable owner financing may be available to a qualified Buyer.
Contact:
Any questions concerning this offering or to schedule a property tour should be directed to Gar Lile or Gardner Lile of Lile Real Estate, Inc. Office: 501-374-3411 Mobile: 501-920-7015 (Gar Lile) Mobile: 501-658-9275 (Gardner Lile)
plat map
Aerial Map
map center: 34° 46' 1.27, 91° 43' 46.15 scale: 14292
26-2N-7W Lonoke County Arkansas 8/10/2014 Field borders provided by Farm Service Agency as of 5/21/2008. Aerial photography provided by Aerial Photography Field Office.
Topography Map
map center: 34° 46' 1.27, 91° 43' 46.15
26-2N-7W Lonoke County Arkansas
scale: 14292
8/10/2014 Field borders provided by Farm Service Agency as of 5/21/2008. Aerial photography provided by Aerial Photography Field Office.
Soil Map
State: County: Location: Township: Acres: Date:
Arkansas Lonoke 26-2N-7W Carlisle 331.93 8/10/2014
Soils data provided by USDA and NRCS.
Area Symbol: AR680, Soil Area Version: 11 Code Soil Description
Acres
Percent of field
Non-Irr Class Legend
NonIrr Class
21
Immanuel silt loam, 1 to 3 percent slopes
81.05
24.4%
IIe
38
Tichnor silt loam, frequently flooded
65.74
19.8%
IVw
25
Muskogee silt loam, 3 to 8 percent slopes
65.57
19.8%
IIIe
22
Immanuel silt loam, 3 to 8 percent slopes
61.14
18.4%
IIIe
35
Stuttgart silt loam, 0 to 1 percent slopes
40.24
12.1%
IIw
7
Dewitt silt loam, 0 to 1 percent slopes
9.29
2.8%
2
Calhoun silt loam, 0 to 1 percent slopes
8.54
3
Calloway silt loam, 0 to 1 percent slopes
0.36
Bahiagrass
Common bermudagrass
Corn Cotton lint
Improved bermudagrass
Rice Irrigated
8
7.5
7
IIIw
6.5
6
2.6%
IIIw
6.5
5
0.1%
IIw
6
110
55
10
400
95
750
9
Soybeans
Sweet potatoes
Tall fescue
Wheat
30
25
6
30
140
40
8.5
40
120
25
40
225
30
8
35
notes
LILE REAL ESTATE, INC. Arkansas - Corporate Office 401 Autumn Road Little Rock, AR 72211 501.374.3411 501.374.0609 (fax)
Tennessee - Regional Office 5521 Murray Avenue, Suite 110 Memphis, TN 38119 901.260.4580 901.260.4582 (fax)
[email protected] www.lilerealestate.com
L i c e n s e d i n A r k a n s a s , L o u i s i a n a , M i s s i s s i p p i , Te n n e s s e e a n d Te x a s
TRACT 4040 OF THE WILCOX FARMS An agricultural and recreational investment opportunity
330.28 (+/-) total acres
1404 Raborn Road, Carlisle, Arkansas 72024, Lonoke County offered by
L i c e n s e d i n A r k a n s a s , L o u i s i a n a , M i s s i s s i p p i , Te n n e s s e e a n d Te x a s
DISCLOSURE STATEMENT Lile Real Estate, Inc. is the listing agency for the owner of the property described within this offering brochure. A representative of Lile Real Estate, Inc. must be present to conduct a showing. The management of Lile Real Estate, Inc. respectfully requests that interested parties contact us in advance to schedule a proper showing and do not attempt to tour or trespass the property on their own. Thank you for your cooperation. Some images shown within this offering brochure are used for representative purposes and may not have been taken on location at the subject property. This offering is subject to errors, omissions, change or withdrawal without notice. All information provided herein is intended as a general guideline and has been provided by sources deemed reliable, but the accuracy of which we cannot guarantee.
vicinity map
SUBJECT PROPERTY
pROpERTy SUMMARy Description:
Tract 4040 of the Wilcox Farms is one (1) contiguous tract of farmland consisting of 330.28 (+/-) total acres of which 281.27 (+/-) acres are in cultivation. The land is located in Lonoke County, Arkansas just southeast of the city of Carlisle with excellent access via Raborn Road (.75 mile of frontage). Improvements include a shop building with an alarm system, an irrigation system with underground pipe (100% of the cultivated acres are irrigated), and a 28.49 (+/-) acre irrigation/fishing reservoir. Utilities include Grand Prairie Water and electricity. Recreational opportunities exist for duck and deer hunting, and fishing. The property is offered $1,287,000.00. Any questions concerning this offering or to schedule for sale for $1,518,000.00. a property tour should be directed to Gar Lile (mobile: 501-920-7015) or Gardner Lile (mobile: 501-658-9275) of Lile Real Estate, Inc. (office: 501-374-3411).
Location:
Carlisle, Arkansas; Lonoke County; East Central Region of Arkansas
Access:
Via Raborn Road (.75 miles of road frontage)
Acreage:
330.28 (+/-) total acres - 281.27 (+/-) acres in cultivation (85%) - 28.49 (+/-) acres in irrigation/fishing reservoir (9%) - 17.0 (+/-) acres in woods and Bayou Two-Prairie (5%) - 3.7 (+/-) acres in improvement sites, roads, and ditches (1%)
Real Estate Taxes: $1,361.00 (estimated) Mineral Rights:
All mineral rights owned by the Seller (if any) shall convey to Buyer.
Irrigation:
100% irrigated with one (1) 60 hp re-lift located on Bayou Two-Prairie (rated 3,200 gpm) supplies reservoir and underground pipe system (1.5 miles of underground pipe). There are two (2) dry wells on site, which are maintained as registered sites.
Improvements:
4,000 (+/-) square-foot shop building (14’ wall height) with alarm system. Farm improvements are ongoing and numerous including an EQIP plan for an additional reservoir, new re-lift, additional pipe structures with inline gates, and field leveling. Two (2) tons of lime and three (3) tons of chicken litter were applied to the cultivated acres in 2006-2011 and one (1) ton of chicken litter was applied in February 2014. Four (4) focused duck hunting locations with drop pipes and one (1) duck hunting pit blind (located in the bottom of the south field).
Farm Lease:
Annual crop share agreement (term: 1/15/2014 - 12/31/2016) - 80/20 on corn - 75/25 on all other crops - Seller shall have the ability to terminate the lease early if so desired.
2014 Income:
Seller shall retain all income resulting from the 2014 crop and the 2014/15 hunting lease.
Hunting Lease:
Currently a hunting lease is in place for duck and deer hunting, and fishing on the property and the adjoining property to the west. The lease provides $12,000.00 in annual income for both properties. Hunting Lessee shall have hunting privileges associated with the lease through March 1, 2015.
Recreation:
The property offers recreational opportunities for duck and deer hunting, and fishing.
Considerations:
The property offers the potential for developing residential sites/subdivisions. The woods to the west can be leased and flooded to offer 60-80 acres of green-timber duck hunting.
Easements:
Owner shall retain an easement along the west levee of the reservoir for common ownership adjoining to the west.
EQIP Contract:
The subject property is enhanced through the approval for participation within two (2) open EQIP (Environmental Quality Incentive Program) contracts. This program is offered through and administered by the Lonoke County NRCS (Natural Resource and Conservation Service) office. Land owners and farm tenants are invited to submit applications for certain land improvement practices on their respective properties. These applications are then scored and weighed based on the perceived benefit, not only to the property, but also as to how these proposed improvements will protect and enhance the environment and protect natural resources. These are highly sought after contracts. As previously mentioned the subject property is a part of two (2) approved contracts, one (1) of which is under amendment. These contracts are property specific, and the obligation conveys with the land and title. The currently approved practices include leveling approximately 138 acres, installing approximately 1,300 linear feet of underground irrigation pipeline, construction of an additional storage water reservoir, pipe structures for water management and an accompanying electric relift. The total cost share benefiting the landowner, subject to amendment, is $122,054.00.
Offering:
PRICE REDUCED TO $1,287,000.00 ($3,900.00 per acre) $1,518,000.00 ($4,600.00 per acre)
Disclosure:
Please note that the owner of this property offered for sale is a licensed Arkansas real estate broker.
Owner Financing:
Favorable owner financing may be available to a qualified Buyer.
Contact:
Any questions concerning this offering or to schedule a property tour should be directed to Gar Lile or Gardner Lile of Lile Real Estate, Inc. Office: 501-374-3411 Mobile: 501-920-7015 (Gar Lile) Mobile: 501-658-9275 (Gardner Lile)
plat map
Aerial Map
map center: 34° 46' 1.27, 91° 43' 46.15 scale: 14292
26-2N-7W Lonoke County Arkansas 8/10/2014 Field borders provided by Farm Service Agency as of 5/21/2008. Aerial photography provided by Aerial Photography Field Office.
Topography Map
map center: 34° 46' 1.27, 91° 43' 46.15
26-2N-7W Lonoke County Arkansas
scale: 14292
8/10/2014 Field borders provided by Farm Service Agency as of 5/21/2008. Aerial photography provided by Aerial Photography Field Office.
Soil Map
State: County: Location: Township: Acres: Date:
Arkansas Lonoke 26-2N-7W Carlisle 331.93 8/10/2014
Soils data provided by USDA and NRCS.
Area Symbol: AR680, Soil Area Version: 11 Code Soil Description
Acres
Percent of field
Non-Irr Class Legend
NonIrr Class
21
Immanuel silt loam, 1 to 3 percent slopes
81.05
24.4%
IIe
38
Tichnor silt loam, frequently flooded
65.74
19.8%
IVw
25
Muskogee silt loam, 3 to 8 percent slopes
65.57
19.8%
IIIe
22
Immanuel silt loam, 3 to 8 percent slopes
61.14
18.4%
IIIe
35
Stuttgart silt loam, 0 to 1 percent slopes
40.24
12.1%
IIw
7
Dewitt silt loam, 0 to 1 percent slopes
9.29
2.8%
2
Calhoun silt loam, 0 to 1 percent slopes
8.54
3
Calloway silt loam, 0 to 1 percent slopes
0.36
Bahiagrass
Common bermudagrass
Corn Cotton lint
Improved bermudagrass
Rice Irrigated
8
7.5
7
IIIw
6.5
6
2.6%
IIIw
6.5
5
0.1%
IIw
6
110
55
10
400
95
750
9
Soybeans
Sweet potatoes
Tall fescue
Wheat
30
25
6
30
140
40
8.5
40
120
25
40
225
30
8
35
notes
LILE REAL ESTATE, INC. Arkansas - Corporate Office 401 Autumn Road Little Rock, AR 72211 501.374.3411 501.374.0609 (fax)
Tennessee - Regional Office 5521 Murray Avenue, Suite 110 Memphis, TN 38119 901.260.4580 901.260.4582 (fax)
[email protected] www.lilerealestate.com
L i c e n s e d i n A r k a n s a s , L o u i s i a n a , M i s s i s s i p p i , Te n n e s s e e a n d Te x a s
