Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Nka N Gibbon Place Lot 1 Prosser, WA 99350

    View on Map
    For Sale
    $299,000

    Residential - Prosser, WA

    Lot size:
    11.30 Acres
    Added:
    Jul 26, 2025
    Days on Market:
    253
    Last Refresh:
    Apr 4 at 1:06 pm

    Property Features for Nka N Gibbon Place Lot 1

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    Lot size
    11.30 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Annual Amount
    1426.17

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jose Torres
    Jose Torres

    Listing agent Jose Torres License #135585

    Listing office Berkshire Hathaway Hm Serv Central WA Real Estate 299 Bradley Blvd, Richland, WA

    Listing date Jul 26, 2025

    MLS# 266357 Listing URL

    Copyright © 2026 PACMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Riverfront Land Near Prosser, WA

    This 11.3-acre residential property is located just east of Prosser, Washington. The land is situated off of I-82, providing convenient access to amenities. The property offers space for customization and is positioned as an ideal location for building a home. The site is located on the riverfront.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Prosser
    County
    Benton
    State
    Washington
    Longitude
    -119.657816
    Latitude
    46.239384

    Nearby Similar for Sale

    • $830,000
      3,820 SF

      New Townhomes in Prosser Portfolio

      Two new construction townhomes in Prosser, WA, tenant occupied.
      1027 Park Avenue, Prosser, WA 99350
      View Details
    • $450,000

      Prosser Vineyard with Mountain Views

      15-acre vineyard in wine country with development potential.
      Nka W Old Inland Empire Hwy, Prosser, WA 99350
      View Details
    • $499,900
      3,348 SF

      Prosser Triplex with Carport

      1998 Triplex in Prosser with carport and off-street parking.
      350 Nunn Rd, Prosser, WA 98350
      View Details
    • $599,900
      5,125 SF

      Prosser Duplex with Daylight Basements

      Well-maintained duplexes with serene views and daylight basements.
      1350 Rohman Drive, Prosser, WA 99350
      View Details
    • $546,788

      Prosser Vineyard with Water Rights

      64-acre vineyard with Roza water rights and wind machines.
      54402 N Hinzerling Rd., Prosser, WA 99350
      View Details
    • $470,000

      27+ Acres Irrigated Land Opportunity

      Prime, fully irrigated land perfect for homestead or investment.
      15201 N McDonald Rd, Prosser, WA 99350
      View Details
    • $450,000

      Prosser WA Vineyard Land

      15 to 29-acre parcel in wine country.
      NKA W Old Inland Empire Hwy, Prosser, WA 99350
      View Details
    • $724,900

      Prosser Agricultural Land with Irrigation

      40-acre Prosser parcel with irrigation, well, and power.
      125498 W McCreadie Rd., Prosser, WA 99350
      View Details
    • $681,360

      Prosser Agricultural Land with Water

      80.16 acres with water rights and storage buildings.
      58802 N Hinzerling Rd., Prosser, WA 99350
      View Details
    • $1,560,000
      7,610 SF

      Prosser Townhome Portfolio Opportunity

      Tenant-occupied townhome portfolio in Prosser's Hidden Hills community.
      916 Hidden Lane, Prosser, WA 99350
      View Details
    • $1,560,000
      7,610 SF

      Tenant-Occupied Townhome Portfolio

      Fully leased townhome portfolio in Prosser's Hidden Hills community.
      932 Hidden Lane, Prosser, WA 99301
      View Details
    • $2,250,000
      11,430 SF

      Prosser Townhome Portfolio

      Six luxury townhomes in Prosser's Hidden Hills community.
      931 Hidden Lane, Prosser, WA 99301
      View Details

    FAQs

    What type of property is this?
    Land - 11.3 acres of riverfront property east of Prosser.
    Where is this land located?
    The property is located at Nka N Gibbon Place Lot 1 Prosser, WA.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: 11.3 acres of prime riverfront property; Ideal location to build a custom dream home; Convenient access to necessities
    (509) 627-8406
    We can help!
    Listing Contact
    Jose Torres
    Jose Torres
    Real Estate License ID: 135585
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!