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

    569 Crane Orchard Rd Brewster, WA 98812

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,999,000

    Unique property with income and development potential near Lake Chelan.

    Type:Land
    Property size:
    2,400 SF
    Lot size:
    40.64 Acres
    Added:
    May 16, 2024
    Days on Market:
    713
    Last Refresh:
    Jan 20 at 8:30 am

    Property Features for 569 Crane Orchard Rd

    General Information

    Standard status
    Active
    Size
    2,400 SF
    Lot size
    40.64 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Becky Kay Scott

    Listing agent Becky Kay Scott

    Listing office Alpine Group

    Listing date May 16, 2024

    Source Exprealty

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

    All listing content including descriptions, pricing, images are the copyrighted material of Alpine Group

    Overview

    Columbia River Frontage Land Parcel

    This unique property features 2080 feet of low bank Columbia River frontage, situated across from the City of Pateros. The property consists of two parcels with income and development potential. There is potential for cluster subdivision into approximately 8 riverfront lots, 3 to 4 upper lots, and an open space parcel; verification of subdivision potential is the responsibility of the buyer. A 2400 square foot farm worker house is present on the property, equipped with a domestic well, power, and septic system. This house could be rented out or remodeled into a waterfront home. The land is currently planted with high-density Fuji and Ambrosia apples, offering income potential. The location provides proximity to Lake Chelan, Gamble Sands, and Alta Lake, offering various recreational opportunities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Restaurant Big Box & Wholesale Store Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Storage Facility Bar & Pub Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Brewster
    County
    Okanogan
    State
    Washington
    Longitude
    -119.886
    Latitude
    48.0556

    Nearby Similar for Sale

    • $1,400,000

      Former School Campus on 11+ Acres

      Versatile property suited for school, training, retreat, or commercial use.
      115 Valley Rd, , WA 98812
      View Details
    • $82,900

      9.98 Acres Overlooking Territorial Valley

      9.98 acre lot with territorial views and community amenities.
      Gunsmoke Rd lot: 3, , WA 98812
      View Details
    • $70,000

      20 Acres with River Views

      20-acre recreational land with river views near Pateros and Chelan.
      NNA Windmill Rd, , WA 98812
      View Details
    • $82,000

      Expansive Land Parcel in WA

      10+ acre parcel with territorial views in gated community.
      Wrangler Rd lot: 3, , WA 98812
      View Details
    • $210,000

      Mountain-Top Property with Sweeping Views

      7.84-acre mountain property with foundation, septic, well, and power.
      284 Harmony Heights Rd, Brewster, WA, 98812
      View Details
    • $199,000

      Okanogan Riverfront Agricultural Land Opportunity

      Over 10 acres of level land with irrigation water rights.
      24 Hadley Rd, Brewster, WA, 98812-9678
      View Details
    • $275,000

      Expansive Brewster Land with Views

      10-acre lot with well, building pad, and investment potential.
      0 N Henney Lane #1, Brewster, WA 98812
      View Details
    • $70,000

      Recreational Land with Creek Access

      20-acre recreational land featuring a creek, near town.
      490 VALLEY ROAD, BREWSTER, WA 98816
      View Details
    • $119,000

      Okanogan Riverfront Lot For Sale

      1 acre riverfront lot with utilities in place.
      624 Monse River Road, Brewster, WA 98812
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Unique property with income and development potential near Lake Chelan.
    Where is this agricultural land / farmland located?
    The property is located at 569 Crane Orchard Rd Brewster, WA.
    What is the asking price?
    The asking price for this property is $1,999,000.
    What are key features of this property?
    This property features: RARE 2080’ COLUMBIA RIVER LOW BANK frontage.; Development potential: May be cluster subdivided into multiple lots (buyer to verify).; Income potential from existing high density apple orchard.
    (509) 548-9362
    We can help!
    Listing Contact
    Becky Kay Scott
    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!