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    FOR SALE
    Commercial real estate

    1990 N Greenwood Rd, Rickreall, OR 97371

    144 ac lot
    Property ID
    US71-0485481
    1990 N Greenwood Rd, Rickreall, OR 97371 For Sale
    $2,599,000
    1990 N Greenwood Rd, Rickreall, OR 97371
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    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Commercial real estate
    Lot 144 ac (6,272,640 SF)
    UPID US71-0485481
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
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