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    3100 Nightingale Rd Wapato, WA 98951

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    3100 Nightingale Rd Wapato, WA 98951

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    • Commercial real estate
    For Sale
    $6,500,000
    View Listing →
    Prime Wapato Vineyard Estate For Sale
    $6,500,000

    Prime Wapato Vineyard Estate

    Established Vineyard with Expansion Potential

    Sawyer, WA 98951
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3100 Nightingale Rd

    Property type
    Commercial real estate

    Description

    This exceptional 150+ acre vineyard in Wapato, WA, presents a unique investment opportunity. Located within a renowned Washington State AVA, this property boasts a decades-long history of producing high-quality fruit, supported by established fruit supply agreements and a waiting list of winery clients. The existing infrastructure includes extensive and redundant water systems, ensuring reliable irrigation for both current production and future expansion. Significant acreage is already cleared and ready for planting, offering substantial growth potential. The property is comprised solely of clean farm assets

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wapato
    County
    Yakima
    State
    Washington
    Longitude
    -120.348
    Latitude
    46.5061

    Comparable in this City

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      419 1st St

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      120 SF

      614 1st St

      COMMERCIAL (GENERAL) • 120 SF
      614 1st St, Wapato, WA 98951-1108
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    • Value Estimation
      $500,000
      1,200 SF

      350 Mnr Rd

      COMMERCIAL (GENERAL) • 1,200 SF
      350 Mnr Rd, Wapato, WA 98951-9431
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    • Value Estimation by Request
      8,824 SF

      1062 Nightingale Rd

      Commercial real estate • 8,824 SF
      1062 Nightingale Rd, Wapato, WA 98951
      View Details
    • Value Estimation
      $785,000
      1,404 SF

      2600 Donald Wapato Rd

      COMMERCIAL (GENERAL) • 1,404 SF
      2600 Donald Wapato Rd, Wapato, WA 98951-9601
      View Details
    • Value Estimation by Request
      0.36 Acres

      Nwnw Mnr Rd

      COMMERCIAL (GENERAL) • 0.36 Acres
      Nwnw Mnr Rd, Wapato, WA 98951
      View Details

    Similar Nearby for Sale

    • $6,500,000

      Prime Wapato Vineyard Estate

      Established Vineyard with Expansion Potential
      3100 Nightingale Rd, Wapato, WA 98951
      View Details
    • $745,000
      74.47 Acres

      Wapato Farmland with Irrigation Well

      74.47 acres of level, irrigated farmland suitable for crops.
      Nka Mcdonald Rd, Wapato, WA 98951
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    • New
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      Wapato Orchard with Commercial Shop

      16.8-acre orchard with a giant commercial shop.
      Nka Lateral B Rd, Wapato, WA 98951
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      Turn-Key H2A Housing Facility

      Purpose-built H2A housing facility for 200 beds on 0.79 acres.
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    • New
      $5,500,000
      6,540 SF

      Established Propane Distribution Business

      Turnkey propane distribution business with two strategic locations.
      3800 Branch Rd, Wapato, WA 98951
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    • Contact for pricing

      Former Church Multifamily Conversion Opportunity

      4000 SF former church, suitable for multifamily or business.
      312 West 2Nd St, Wapato, WA 98951
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    Wapato, WA 98951
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    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
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