Listing provided courtesy of Western Heritage Realty/InvestMLS# 202606573MLS ProviderSource MLS Verified
  • 45 days on site
  • 0 views

This 141 acre property located between Mobeetie and Wheeler in Wheeler County, Texas offers a turnkey small ranch operation featuring quality native grasses, dependable livestock water, thoughtful pasture design, and an existing income-producing surface lease. The property sits on the north side of Highway 152 with paved highway frontage and easy access. Historically the ranch has run approximately 150 nannies and has been thoughtfully developed with four separate pastures for rotational grazing. All perimeter and interior fencing is net wire and in working condition, making this a turnkey setup for goats, sheep, or cattle. A unique value-add to this property is the existing surface lease located in the southeastern corner, where approximately 10 acres are currently leased to a construction company at $3,000 per month with no defined end date. This active lease provides immediate cash flow and helps offset ownership costs.

Source: Lubbock MLS, MLS#: 202606573

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  • Property Type
    Farm

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  • Median Age
    36
  • Population Density
    9
  • College Educated
    27%
  • Estimated Median Income
    $50,179
  • Estimated Total Home Owners
    588
  • Estimated Total Renters
    197
  • Owner / Renter Divide
    75% / 25%
  • Estimated Average Household Size
    3
  • Total Population
    2,175
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at TX-152


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
5/15/2026Source: Lubbock MLS Added to Database
May 15, 2026