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    OFF-MARKET
    Commercial real estate

    8220 Washburn Way, Klamath Falls, OR 97603

    2,240 SF 113 ac lot Built 1920
    Property ID
    US71-0319627
    Property summary
    AI-generated overview

    Exceptional 113-acre agricultural property in Klamath County, Oregon, presents a unique investment opportunity. The property features a tastefully remodeled 2,240 square foot, two-story farmhouse built in 1920, boasting three bedrooms and three bathrooms. Recent updates include a new roof, windows, siding, and paint. The home sits amidst a beautifully landscaped yard complete with raised garden beds, mature trees, flowers, and an efficient sprinkler system. Outbuildings include a hay barn, a three-car garage with a workshop, and a tack shed. Corrals are also present, suitable for horses or other projects. The property benefits from established District Water Rights (KID, KBID & Warren Act), supplemented by a well providing irrigation for 72 acres. Irrigation infrastructure includes two wheel lines, a pump, and the capability for both flood and sprinkler irrigation. Currently leased to a local farmer cultivating alfalfa and orchard grass, the property borders the Lost River Diversion Canal and backs onto Miller Hill, offering abundant wildlife viewing opportunities. The APN is 585058, and the permitted zoning is EFU-C. This property is zoned for agricultural, farm, and residential use. The asking price is $1,395,000.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1920
    Total area 2,240 SF
    Lot 113 ac (4,922,280 SF)
    APN 585058
    UPID US71-0319627
    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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