Help Me Price a Lease Please?

[gil1]

A friend may be interested in leasing me two wooded tracts of approximately 25 acres located less than 1/2 mile apart. It's about 20 mins. from Nashville in the NW corner of Davidson County. I know there are a ton of other factors to consider, but giving the limited information, how much is a fair price for the total acreage of approx. 50 acres? I'm used to big leases, so the price per acre doesn't really translate. What's a fair price? Thanks so much in advance.

 

[DaveB]

Volunteer to pay the taxes.

 

[arkwaterfowler]

with the reputation of big bucks in Davidson county, proximity, and small size I say $10 per acre. how much gas will you save per trip over driving 1.5 hours to hunt larger tracts?

 

[gil1]

with the reputation of big bucks in Davidson county, proximity, and small size I say $10 per acre. how much gas will you save per trip over driving 1.5 hours to hunt larger tracts?

That's exactly why I'm asking. Those factors are all worth something. I'm just not sure what. Thanks for replying.

 

[Snake]

Without knowing what the property offers there is no way I could remotely tell you a price . For example I know some who gave a what they seemed was a good price per acre in Giles Co.They went over to scout early season and seen multitudes of deer each time but I told them after them telling me the lay of the land that they had no bedding areas nor was there any that bordered it. I said after asking me did I want on it no thanks because once you start hunting this property the deer will leave and they did ! I once looked at some of the best looking property you ever seen in Lawrance Co. once but after going over the property this same senirio was present - no bedding at all and none to be found that bordered it . Once deer are hunted things change and more so do mature bucks . Just my $.02 but how the property is layed out means alot to me but of course alot of deer sign should also be present. I seen some of the God awfulest looking property turn out to be a deer haven .If the property has want you are looking for I would say $7-$10 would be a fair price .

 

[TheLBLman]

I have a little different take.

First, such a small track(s) would generally only be suitable for 1 to 2 hunters to have much prospects for a quality hunting experience. In this case, that's not a problem for you, cause it's just you and/or maybe you and a buddy. However, it's not much room to roam, and it's main hunting appeal will be more of convenience than an ideal hunting situation?

Secondly, one of the big drivers of higher lease prices has been the opportunity to "manage" the deer herd --- this typically takes at least several hundred acres for there really to be much management opportunity.

Last but not least, your friend needs someone he can trust to help keep an eye on his property. It's likely being hunted and trespassed by poachers and strangers. So what I'm saying is you may be doing him as much a favor in being that trusted friend as he's doing you a favor for letting you hunt on his property. In such a case, the relationship of the situation may be a bigger issue than what's a fair price to either offer or take, as I see that "payment" as more a token gesture of mutual appreciation than a source of income for the landowner.

If he likes venison, I'd offer him a fully processed deer and a promise to keep him abreast of what's happening on his property in return for his letting you do some hunting there. On the other hand, the hunting privileges are worth whatever someone is willing to pay. A "fair" price becomes a matter of perspective, supply & demand. IMO, the available lease supply (especially of small tracts) has been increasing faster than the demand, and trying to compare the going cost per acre on a large tract vs. a small tract is like trying to compare the per ounce cost of a T-bone steak to a packet of mustard.

I'd offer him some venison, and/or a nice meal, along with some extra security monitoring of his property.

 

[gator-n-buck]

He's a friend so you guys should sit down and work something out reasonable for both of you.

If he was a stranger, somewhere between 5-10 an acre depending on the land.

 

[Matador]

I agree with Wes. I think $10 an acre is way to much. If your friend wants a little cash I would think 5 or 6 dollars an acre.

 

[Planking]

Someone on your property you know you can trust is an asset to any landowner. Good post Wes.

 

[TX300mag]

$10/acre would be a steal if it's wooded considering the location.





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[redblood]

$10/acre would be a steal if it's wooded considering the location.





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yes. I lease a few farms out in middle Tennessee area and I could get 15- 18 per acre for it all day.

 

[arkwaterfowler]

smaller tracts bring more per acre than big tracts not vice versa. If he is a friend that changes things. It is too small to apply much pressure.

 

[eightpointer]

You HAVE to consider where its at and how close to your home it is. Yes its small but what is it worth to you? Not whats a good price peracre. From what Ive heard and if I lived close to this land..Id be happy with $500.

 

[BigSatt]

smaller tracts bring more per acre than big tracts not vice versa. If he is a friend that changes things. It is too small to apply much pressure.

This is typically true.

Not only in Northern middle Tn, but across the midwest as well.

 

[BigSatt]

I'm a firm believer in the fact that you never really know how good/bad a property will be until you hunt it during the rut.

Based on this belief, I think $7.50 to $8 an acre would be a fair starting point.

 

[BigSatt]

Without knowing what the property offers there is no way I could remotely tell you a price . For example I know some who gave a what they seemed was a good price per acre in Giles Co.They went over to scout early season and seen multitudes of deer each time but I told them after them telling me the lay of the land that they had no bedding areas nor was there any that bordered it. I said after asking me did I want on it no thanks because once you start hunting this property the deer will leave and they did ! I once looked at some of the best looking property you ever seen in Lawrance Co. once but after going over the property this same senirio was present - no bedding at all and none to be found that bordered it . Once deer are hunted things change and more so do mature bucks . Just my $.02 but how the property is layed out means alot to me but of course alot of deer sign should also be present. I seen some of the God awfulest looking property turn out to be a deer haven .If the property has want you are looking for I would say $7-$10 would be a fair price .

Snake, I agree about having bedding locations, especially on larger parcels.

But, I have seen and hunted some small transitional tracts (between bedding and feeding) that turned out to be dynamite. Especially if they have a natural travel corridor (river, low gap, etc.).

The old saying goes "Never judge a book by it's cover" comes into play quite often on smaller tracts, at least it has in my experience.

 

[eightpointer]

I use to hunt a tract of land in Lincoln County. It was basically an open field with a hill and woods behind it. It was a 16 acre deer interstate. Killed more deer off that small piece than anywhere.

 

[Mike Belt]

It's worth whatever you're willing to pay. Aside from that I'd take a look at it and what surrounds it. There is a lot to be said for the bedding potential an area has. I once leased 800+ acres and it was some of the best looking deer hunting land you could want to look at and yet it had no bedding potential as far as heavy cover. The deer fed heavily there at night but quickly learned to be gone before daylight. On the flip side I also hunted a 55 acre property that had a little more bedding potential. The great thing about that property was that it laid in between every where the deer wanted to go so consequently, there were more deer at any given time using that property as a transition acreage than probably where they were coming from or going to.

Twenty five acre parcels aren't much but under the right conditions may prove to be much better hunting areas than much larger parcels. You may not be able to hunt or pressure them as heavily but you never know. Good luck.

 

[Snake]

Without knowing what the property offers there is no way I could remotely tell you a price . For example I know some who gave a what they seemed was a good price per acre in Giles Co.They went over to scout early season and seen multitudes of deer each time but I told them after them telling me the lay of the land that they had no bedding areas nor was there any that bordered it. I said after asking me did I want on it no thanks because once you start hunting this property the deer will leave and they did ! I once looked at some of the best looking property you ever seen in Lawrance Co. once but after going over the property this same senirio was present - no bedding at all and none to be found that bordered it . Once deer are hunted things change and more so do mature bucks . Just my $.02 but how the property is layed out means alot to me but of course alot of deer sign should also be present. I seen some of the God awfulest looking property turn out to be a deer haven .If the property has want you are looking for I would say $7-$10 would be a fair price .

Snake, I agree about having bedding locations, especially on larger parcels.

But, I have seen and hunted some small transitional tracts (between bedding and feeding) that turned out to be dynamite. Especially if they have a natural travel corridor (river, low gap, etc.).

The old saying goes "Never judge a book by it's cover" comes into play quite often on smaller tracts, at least it has in my experience.

Notice I said if it didn't have bordering property that had bedding areas . We hunted property in Giles Co. that early season you may see multitudes of deer but as the season wore on the deer became scarce . I never judge a book by it's cover and I'll agree hard to know what it offers until you hunt it but if I don't notice enough thick areas on the property or near it I usually will stay clear of it unless it has a great history I know . The place we had in Lincoln had very little bedding but bordering property had alot and this place was dynomite , still wish we had it .

 

[gil1]

Thanks for all the info., fellas. I'll let you know how it all shakes out.