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    1990 Greenwood Rd Rickreall, OR 97371

    Sponsored
    For Sale
    $2,599,000

    144 Acres, Established Orchard, Salem Proximity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    Exceptional opportunity to acquire a thriving 144-acre hazelnut orchard in Rickreall, Oregon. This prime agricultural property boasts a convenient location, just 10 minutes from West Salem and 15 minutes from downtown Salem, offering easy access to markets and services. The well-maintained orchard features approximately 194 trees per acre, planted on high-quality Helvetia and Woodburn soils, ensuring optimal growing conditions. The property includes substantial infrastructure to support a large-scale operation. This includes a spacious 2,700+ square foot dwelling, providing comfortable living quarters. Extensive outbuildings are also present, comprising a 40' x 120' shop, a 24' x 120' equipment shed, a 36' x 70' barn, and a 40' x 96' machine storage building, along with additional smaller utility and service structures. The property is zoned EFU, providing flexibility for future development within agricultural guidelines. This turnkey operation presents a rare opportunity for an established or aspiring hazelnut grower seeking a productive and well-equipped orchard in a highly desirable location. Asking price is $2,599,000. The property is located at 1990 Greenwood Road, Rickreall, OR 97371.

    Property Features for 1990 Greenwood Rd

    General Information

    Property type
    Farms
    Lot Size
    6,272,640 SF

    HighLights

    • $2,599,000 asking price for 144 acres of agricultural land.
    • Convenient location, 10 minutes from West Salem and 15 minutes from downtown Salem, Oregon.
    • Includes a 2,700+ sq ft dwelling.
    • Features extensive outbuildings: a 40' x 120' shop, 24' x 120' equipment shed, 36' x 70' barn, and 40' x 96' machine storage.
    • Well‑maintained Barcelona hazelnut orchard with 194 trees per acre, situated on high‑quality Helvetia and Woodburn soils.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -123.1732633
    Latitude
    44.9611042

    Nearby Comparable

    • $2,599,000

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      Willamette Riverfront Farm Opportunity

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      Salem Development Land: 11.82 Acres

      Prime Salem location, stunning views, high development potential.
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    Nearby Similar for Sale

    • $2,599,000

      Hazelnut Orchard Near Salem

      Well-maintained hazelnut orchard with multiple buildings near Salem.
      1990 N Greenwood Rd, Rickreall, OR 97371
      View Details

    FAQs

    What type of property is this?
    Farm - 144 Acres, Established Orchard, Salem Proximity
    Where is this farm located?
    The property is located at 1990 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: $2,599,000 asking price for 144 acres of agricultural land.; Convenient location, 10 minutes from West Salem and 15 minutes from downtown Salem, Oregon.; Includes a 2,700+ sq ft dwelling.
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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 Greenwood Rd Rickreall, OR 97371
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