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    1990 N Greenwood Rd Rickreall, OR 97371

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    For Sale
    $2,599,000

    Well-maintained hazelnut orchard with multiple buildings near Salem.

    Lot size:
    144.27 Acres

    Property Features for 1990 N Greenwood Rd

    General Information

    Lot size
    144.27 Acres

    Source: Agri-Investment Services Agent Brett Veatch

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hazelnut Orchard Near Salem

    This property features a well-maintained Barcelona hazelnut orchard planted with 194 trees per acre. The soil is predominately high-quality Helvetia and Woodburn. The property includes a 2700+- sq. ft. dwelling, a 40’ x 120’ shop, a 24’ x 120’ equipment shed, a 36’ x 70’ barn, and a 40’ x 96’ machine storage building, as well as miscellaneous utility and service buildings. It is located close to Salem, approximately 10 minutes from West Salem and 15 minutes from downtown Salem, and is suitable for running a top-rate orchard operation.
    Insight Report Location Intelligence

    Current Use by Public Records

    Vineyards

    Suggested Use

    Food Market Wine and Liquor Store Farmer's Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Rickreall
    County
    Polk
    State
    Oregon
    Longitude
    -123.16797
    Latitude
    44.958454

    FAQs

    What type of property is this?
    Farm - Well-maintained hazelnut orchard with multiple buildings near Salem.
    Where is this farm located?
    The property is located at 1990 N Greenwood Rd Rickreall, OR.
    What is the asking price?
    The asking price for this property is $2,599,000.
    What are key features of this property?
    This property features: - High-quality hazelnut orchard with well-maintained Barcelona trees.; - Prime agricultural land with predominately high-quality Helvetia and Woodburn soils.; - Extensive infrastructure including a 40’ x 120’ shop, 24’ x 120’ equipment shed, 36’ x 70’ barn, and 40’ x 96’ machine storage.
    (503) 212-2735
    Request Owner's contact information
    1990 N Greenwood Rd Rickreall, OR 97371
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    Rickreall, OR 97371
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    Realmo Value Estimation

    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.

    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.

    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
    1990 N Greenwood Rd Rickreall, OR 97371
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