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    The Largest CRE Database in the US with Over 1 Million Listings

    18598 Highway 140 Dairy, OR 97625

    Sponsored
    For Sale
    $4,200,000

    Ranch, Farm - Dairy, OR

    Type:Farm
    Property size:
    4,270 SF
    Lot size:
    1,062.94 Acres
    Days on Market:
    179
    Last Refresh:
    Jan 24 at 12:06 pm

    Property Features for 18598 Highway 140

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Zoning
    EFU-CG
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Family Room, Kitchen, Laundry, Living Room
    Bedrooms
    3
    Bathrooms
    2
    APN
    615980
    Interior features
    Ceiling Fan(s), High Speed Internet, Kitchen Island, Linen Closet, Open Floorplan, Pantry, Spa/Hot Tub
    Exterior features
    Spa/Hot Tub
    Fireplace
    1
    Appliances
    Cooktop, Dishwasher, Garbage Disposer, Microwave, Oven - Double, Range, Washer, Water - Instant Hot, Water - Purifier, Water - Softener
    Size
    4,270 SF
    Lot size
    1,062.94 Acres

    Utilities

    Heating system
    Electric (Heating), Fireplace(s), Forced Air
    Cooling system
    Central Air, Heat Pump

    Building Details

    Year built
    2006
    Floors in Building
    1
    Flooring type
    Carpet, Vinyl
    Roof type
    Composition
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Gregory Sherrill

    Fisher Nicholson Realty, LLC (541) 884-1717

    Listing agent Gregory Sherrill (541) 884-1717 License #201207563

    Listing date Jul 30, 2025

    MLS# 220206520 Listing URL

    Copyright © 2026 Klamath County Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Organic Ranch with Irrigation Well

    This property features over 1062 organic acres with an irrigation well producing approximately 2200 gallons per minute. The land includes five pivots with upgraded, low-pressure, energy-efficient sprinklers, pressurized bowls, and a VFD Drive panel with AG sense Control accessible via smartphone. Additionally, there is one wheel line with low-pressure, self-leveling sprinklers. A hay barn on the property can hold 650 tons of hay. The property includes two homes: a 2365 sqft log cabin and a 1905 sqft three-bedroom, two-bathroom home with valley views. A red cinder pit at the top of the property contains over 1,000,000 yards of red cinder rock. The property also features six livestock ponds and backs up to BLM land. Mule deer hunting is possible on the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Butcher

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dairy
    County
    Klamath
    State
    Oregon
    Longitude
    -121.550344
    Latitude
    42.240538

    Nearby Similar for Sale

    • $2,800,000
      3,500 SF

      Organic Hay Farm with Venue

      172-acre organic hay farm with wedding venue potential.
      17330 Highway 140 E, Dairy, OR 97625
      View Details
    • $8,942,000
      3,434.00 Acres

      Vast Ranching and Wildlife Property

      Large acreage ranch ideal for hunting, farming, and cattle ranching.
      Mitchell Rd, Dairy, OR 97625
      View Details
    • $2,400,000
      2,120 SF

      Organic Hay Ranch with Timberland

      421-acre organic hay ranch featuring irrigation and timberland.
      17025 Mitchell Rd, Dairy, OR 97625
      View Details

    FAQs

    What type of property is this?
    Farm - 1062+ organic acres with high-yield irrigation, two homes, hay barn.
    Where is this farm located?
    The property is located at 18598 Highway 140 Dairy, OR.
    What is the asking price?
    The asking price for this property is $4,200,000.
    What are key features of this property?
    This property features: - High-yield irrigation well producing approximately 2200 gallons per minute.; - Over 1062 organic acres with 5 pivots featuring upgraded, energy-efficient sprinklers and smart phone control.; - Two homes: a 2365 sq ft log cabin and a 1905 sq ft, 3-bed, 2-bath home with valley views.
    (541) 884-1717
    Request Owner's contact information
    18598 Highway 140 Dairy, OR 97625
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    Dairy, OR 97625
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    18598 Highway 140 Dairy, OR 97625
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    We can help!
    Listing Contact
    Gregory Sherrill
    Real Estate License ID: 201207563
    (541) 884-1717
    Learn more
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