Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    Tbd Hess Rd Lot 5 Prosser, WA 99350

    View on Map
    Claim this Listing
    For Sale
    $199,900

    Residential - Prosser, WA

    Lot size:
    4.84 Acres
    Added:
    May 3, 2025
    Days on Market:
    369
    Last Refresh:
    May 6 at 10:06 pm

    Property Features for Tbd Hess Rd Lot 5

    General Information

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

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    1119.71

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Liz Bragg

    Listing agent Liz Bragg License #118537

    Listing office Retter and Company Sotheby's 329 N KELLOGG ST, Kennewick, WA

    Listing date May 3, 2025

    MLS# 270989 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.

    HighLights

    • Vacant lots ranging from 4 to 5.84 acres offer ample space for a custom country retreat.
    • Backed by the Chandler Canal, providing a serene and harmonious natural setting.
    • Sunnyside Irrigation with Senior Water Rights ensures a reliable water supply.
    • Enjoy breathtaking territorial and Yakima River views.
    • Electricity is readily available along the streets.
    • Fairly flat lots allow for versatile construction possibilities.

    Overview

    Prosser Residential Land Opportunity

    Located in River Vista Vineyard Estates in Prosser, six vacant lots offer opportunities for a country retreat. The lots range in size from 4 acres to 5.84 acres. The properties are located along Hess Road and are backed by the Chandler Canal. Irrigation is available through Sunnyside Irrigation with Senior Water Rights. Electricity is available along the streets, and proposed well sites have been strategically mapped. The lots are fairly flat, allowing for versatile construction possibilities. The properties offer territorial and Yakima River views. The location is suited for single-story estates to multi-level homes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Prosser
    County
    Benton
    State
    Washington
    Longitude
    -119.719
    Latitude
    46.3675

    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
    • $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

      Well-Maintained Duplex with Daylight Basements

      Large duplexes with daylight basements, serene views, and ample space.
      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
    • $135,000

      Prosser Irrigated 1-Acre Parcel

      1-acre residential parcel outside Prosser, WA, with irrigation.
      Nka S Missimer Road LOT 3, Prosser, WA 99350
      View Details
    • $259,000

      23+ Acre Lot with Water

      Prime agricultural land near town with owner financing available.
      7 N Crosby Rd (Lot 7), Prosser, WA 99350
      View Details
    • $135,000

      Residential Land in Prosser, WA

      Over an acre of prime residential land in Prosser.
      Nka W North River Rd Lot 4, Prosser, WA 99350
      View Details
    • $135,000

      Residential Lot in Growing Community

      0.20-acre corner lot in Prosser, near amenities.
      843 Court St, Prosser, WA 99350
      View Details

    FAQs

    What type of property is this?
    Land - Six lots available in River Vista Vineyard Estates, Prosser, WA.
    Where is this land located?
    The property is located at Tbd Hess Rd Lot 5 Prosser, WA.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: Vacant lots ranging from 4 to 5.84 acres offer ample space for a custom country retreat.; Backed by the Chandler Canal, providing a serene and harmonious natural setting.; Sunnyside Irrigation with Senior Water Rights ensures a reliable water supply.
    (509) 713-5300
    We can help!
    Listing Contact
    Liz Bragg
    Real Estate License ID: 118537
    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

    Thank You for Inquiry
    Tbd Hess Rd, Lot 5, Prosser, WA 99350
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!