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Property Profile |
NATRONA, WY; $1,700,000 - $3,000,000;
RANCH TO HOLD OR DEVELOP
A 5440 acre deeded ranch is on the market located 25 miles west of Casper. There is good water at 200-250ft in the Frontier Formation, a small pond with a 34 acre foot water right plus a 2.13 ac ft direct flow appropriation, 5 permitted wells, one that isn't functional. One well is permitted at 600 acre ft, 1 acre foot is enough water for a household of 4 for one year, this well pumps 600 gallons/minute for 12 hours before it starts to draw down. This land would be great for a development of home sites for retirement and second homes for Baby Boomers, also primary residences for higher income earners looking for a tax-advantaged location. This property has multiple ridges for home sites with 20-30 mile views, probably 50% of the property. The rest rolls eastward with plenty of room for green areas, riding trails etc. Currently there is a bentonite deposit under lease, 1380 acres on the west side, to a mining company to extract an estimated deposit of 2,000,000 tons of bentonite. An additional deposit of similar size has been discovered underneath the original deposit since we started the listing process. The $3,000,000 price includes the bentonite royalties ($1.00/ton) for the 2,000,000 tons of proven deposits and ½ of the $1,00 royalty for the additional deposit up to 3mm tons. The bentonite mining footprint is currently only 200 acres more or less at any one time. The price is $3,000,000 for 5381 acres with the bentonite, $2.5mm for 5381 acres without the bentonite lease, or $1.7mm for 3540 acres with no mineral lease ground. Call for details.
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Terrain |
1/2 of property is ridgelines with pine trees, and multiple feeder canyons & draws. The other 1/2 is sage prairie with rolling hills gradually sloping eastward from Natrona Road.
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Location |
2.5 miles south Hwy 20-26 on Natrona Road. Approximately 22 miles west of Natrona International Airport, 25 from downtown Casper, WY
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Access |
Access is on county gravel road that divides the property.
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Wildlife |
Abundant deer and record antelope. On the west side of Natrona Road amidst the canyons and ridges one morning last fall driving the length of Natrona Road over 70 buck deer were counted.
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Hunting |
Two landowner hunting permits go with the property.
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Utilities |
Single phase electric runs the length of the property down Natrona Road, sufficient for up to 10 homes. 3 phase is 2/5 miles away at Hwy 20-26. Estimated cost to bring 3 phase the 2.5 miles to the canyon mouth is $25-35,000 per mile.
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Fencing |
Property is fenced and cross fenced.
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Water |
There are several wells on the property and one pond, also numerous seasonal stock ponds. There is good water at 200-250ft in the Frontier Formation, a small pond with a 34 acre foot water right plus a 2.13 ac ft direct flow appropriation, 5 permitted wells, one that isn't functional. One well is permitted at 600 acre ft, 1 acre foot is enough water for a household of 4 for one year, this well pumps 600 gallons/minute for 12 hours before it starts to draw down and is currently the water source for the 1380 foot circle.
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Home Features |
No homes are on the property.
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Improvements |
There is a large corral, holding and loading pen on the property that will be removed by the owner unless specifically included in the purchase agreement. Also a 1380 foot, 7 tower Zimmatic circle that will be removed unless addressed similarly.
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Amenities |
Full 7 tower 1380 foot circle, 3/4 alfalfa, 1/4 grain crop.
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Minerals |
There are active bentonite leases on approximately 1380 acres. The full price of $3mm includes the surface bentonite rights with 100% of the royalties for the first 2mm tons (royalty currently is $1.00 per ton), then 1/2 of the royalty for the balance of any additional tonnage up to 3mm tons, above that 100% goes to buyer. There are no other known mineral rights owned by the seller therefore no other minieral rights are being sold with the ranch.
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Grasses |
The eastern 1/2 of the ranch is all native grasses and sage, the western 1/2 is native grasses, pines and sage.
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Frontage |
Natrona Road which is a county gravel road runs through the ranch for approximately 1.75 miles.
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Easements |
There are no known easements. The mineral leases allow access to and from the property for the equipment.
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Taxes |
Taxes are approximately $1900.00 per year.
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Leases |
If the buyer has no interest in running livestock, the seller would like to include a 5 year grazing leaseback in the sale.
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Terms |
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Ranching |
Property is currently a cattle ranch.
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Acceptable Use |
Property is currently a cattle ranch, but would lend itself to rural develpment since water and power are readily available, Casper is close by with excellent medical facilities and shopping.
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Remarks |
Topo and satellite map with GPS coordinates, approximately 25 mgs, available to interested parties. Also 40 acre breakdown of mineral lease area and non lease area in jpg files.
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Comment |
The minerals alone should eventually pay for the purchase price of the ranch. The mining company expects to be excavating the bentonite from this ranch beginning this year, there is currently no estimated time of completion that has been received from the mining company, but the deposit next door is being mined now & should be finished this year.
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Special Note |
This is an excellent piece of real estate at a VERY REASONABLE PRICE, seller has other ranch property and is selling this property to pursue other interests.
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Total Price |
$3,000,000
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Price Per acre |
$551
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This property presented by:
Agent
JOE DAVIS
| Company Name | Realty Executives of Casper |
| Homepage | http://joedavis.homesandland.com |
| Company Information | 770 West Collins Dr, Ste 101
Casper, WY 82601 |
http://joedavis.homesandland.com
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