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    281 Lateral C Rd Wapato, WA 98951

    For Sale
    $1,350,000

    Profitable Washington orchard, ready for harvest.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity encompasses 58.59 deeded acres of prime agricultural land in Wapato, Washington, within Yakima County. The property, identified by APN numbers 181101-22001, 181101-23406, and 181101-23404, is zoned AG and situated on the Yakama Nation Reservation. Ownership is fee simple, allowing for traditional deed transfer. The orchard, cultivated for decades, boasts 51.24 acres of planted cropland, including 37.17 acres of apple trees (Red Delicious, Golden Delicious, Gala, Granny Smith, and Cosmic Crisp varieties) and 14.07 acres of Bartlett pear trees. Fruit is sold via yearly contracts to local processors and packing sheds. Irrigation is secured through surface water rights from the Wapato Irrigation Project (WIP), with 55.60 acres designated as irrigable, and a 2024 assessment of $4,961.18. These water allocations are not subject to Reclamation Reform Act limitations. The property includes a single-family residence, a substantial shop, and various agricultural buildings on a separate parcel. The orchard (asking $875,000) and the residential parcel (asking $475,000) are offered together for a combined asking price of $1,350,000. The residential parcel is only available for purchase with the orchard. 2024 property taxes total $4,894.56. The remaining 7.35 acres comprise out-ground, roads, and other areas.

    Property Features for 281 Lateral C Rd

    General Information

    Property type
    Farms
    Lot Size
    2,552,180 SF

    HighLights

    • 58.59 +/- deeded acres in Wapato, WA.
    • Property consists of three tax parcels (APN 181101‑22001, 181101‑23406, 181101‑23404).
    • 2024 property taxes: $4,894.56.
    • 51.24 +/- acres of planted cropland.
    • 37.17 +/- acres of apple trees (Red Delicious, Golden Delicious, Gala, Granny Smith, Cosmic Crisp).
    • 14.07 +/- acres of Bartlett pear trees.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Wapato
    County
    Yakima
    State
    Washington
    Longitude
    -120.520809
    Latitude
    46.475524

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    FAQs

    What type of property is this?
    Farm - Profitable Washington orchard, ready for harvest.
    Where is this farm located?
    The property is located at 281 Lateral C Rd Wapato, WA.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: 58.59 +/- deeded acres in Wapato, WA.; Property consists of three tax parcels (APN 181101-22001, 181101-23406, 181101-23404).; 2024 property taxes: $4,894.56.
    Request Owner's contact information
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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
    281 Lateral C Rd Wapato, WA 98951
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