Property profile

260 Hwy Kahlotus, WA 99335

OFF-MARKET
Land
957.72 ac lot
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Property summary

AI-generated overview

This exceptional 957.72-acre (+/-) property in Kahlotus, WA, offers a unique blend of agricultural and commercial potential. Located in Franklin County, this expansive land holding boasts 675.72 (+/-) acres of cropland, including 664.49 (+/-) deeded acres and 11.23 (+/-) leased acres from the Department of Natural Resources. The property benefits from 15 pivot irrigation systems drawing from substantial groundwater rights (authorized for 635 irrigable acres), ensuring consistent productivity. A diverse historical crop rotation includes alfalfa, timothy hay, wheat, seed corn, and mint. The property is currently under a cash-rent lease, with the tenant responsible for all operational costs and property taxes. Included in the sale are several structures: a 5,832 sq ft hay shed, a 1,848 sq ft manufactured home, a 1,792 sq ft utility building, and a 952 sq ft shop. All buildings are currently occupied by the tenant. The property's location near the Snake River provides additional recreational opportunities. The 2024 property taxes are $10,373.72, subject to change pending boundary line adjustments. Zoned for agricultural and residential use, this property presents a compelling investment opportunity in a prime agricultural region. The final acreage and tax parcels are subject to pending boundary line adjustments. The sale includes two non-contiguous parcels less than three miles apart.

Property profile

Verified
Property type Land
Lot 957.72 ac (41,718,283 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

260 Hwy Kahlotus, WA 99335
Kahlotus metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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