Silver Springs Cattle Ranch | Fay Ranches

SILVER SPRINGS CATTLE RANCH

Tenino, Washington

$49,995,000

1,058.53± Acres

INTRODUCTION

Silver Springs Cattle Ranch (SSCR) spans approximately 1,058.53± acres in Thurston County, Washington, with an additional 115± acres available for a limited time. Located in the South Puget Sound region, the ranch features a rich mosaic of ecological assets, including wetlands, riparian zones, oak and conifer forests, and native prairie. These habitats support several federally protected species, including Chinook salmon, Taylor’s checkerspot butterfly, Mazama pocket gopher, and streaked horned lark, making SSCR a high-value conservation property.

Roughly 1,094 acres of the ranch have been identified as suitable for mitigation credit development under federal and state environmental programs. These areas include salmon habitat, Oregon white oak stands, wetlands, and speciesspecific zones eligible for conservation banking. As Thurston County continues to grow, demand for mitigation credits is rising, positioning SSCR as a critical resource for developers seeking environmental offsets and for agencies seeking longterm habitat solutions.

SSCR lies within the middle of the Deschutes River watershed and provides vital ecosystem services such as flood control, groundwater recharge, and wildlife connectivity. Verified habitat surveys confirm the property’s eligibility for permanent conservation partnerships.

In addition to its ecological significance, the ranch has extensive mineral resources. Approximately 1,034.8 acres have been mapped for sand and gravel using lidar and GIS analysis. Drilling logs estimate more than 217± million tons of in-situ material, with permits in progress for 225± acres, equating to roughly 40 million tons. The site is rail-served, with BNSF and Union Pacific access and potential for port distribution. Under County GMA planning, the site has been designated as mineral resource lands of long-term commercial significance.

The property also generates steady income through long-term leases, including a regional commercial composting facility, a Starlink ground station, a solar farm lease, a grazing lease, and residential rentals. These existing agreements offering reliable revenue, coupled with fully intact and unencumbered development rights, which allow flexibility for future development, conservation, and/or operational shifts.

1

QUICK FACTS

• 1,058.53± deeded acres; 2± miles of river front (2,500± LF on both sides)

• 480± acre feet of old water rights

• 50± MBF timber (subject to cruise)

• 217± M tons of in-situ sand and gravel

• Permitting process underway for the first 40± million tonnes with RR access

• Three barns, one shop, three houses

• Fully fenced and extensively cross-fenced

• Four developed residential/livestock wells, 1 Group B commercial well, three undeveloped test wells

• Extensive livestock watering infrastructure

• Three long-term and NNN leases

• 1,700’ historical (with 4,600’ expandable total unobstructed and level) grass airstrip dating back to the 1960s

• Diverse soil types from prime, tillable silt loam with 480± acre feet of water rights for highly productive crops to well-drained gravelly prairie soils excellent for wintering livestock

• Favorable zoning with fully intact development rights

• Miles of paved and gravel roads

ACREAGE

Silver Springs Cattle Ranch spans an impressive 1,173.53± acres (combined offering total) of ecologically diverse and highly functional land in Thurston County, Washington. This expansive property features a mix of open pastures, native prairies, oak woodlands, wetlands, and river frontage along the Deschutes, offering a rare combination of agricultural productivity and conservation potential. The land supports both working cattle operations and a rich array of habitat types suitable for ecological mitigation credit development. With its varied topography and strategic location between Tenino and Rainier, the ranch presents significant opportunity for sustainable land use, long-term investment, and environmental stewardship.

TIMBERLAND

In addition to its ecological and agricultural value, Silver Springs Cattle Ranch offers the potential for selective timber harvesting, adding another layer of financial opportunity. The property features stands of upland hardwood-conifer forest, which contain viable timber resources that may be commercially valuable, particularly in areas with mature conifers. Notably, portions of the land are home to Oregon white oak, a rare habitat that qualifies for conservation credits, presenting the unique option to enhance long-term ecological value. For a buyer interested in sustainable land use, the timber resource offers flexibility: it can support periodic harvests for income, contribute to habitat restoration strategies, or be integrated into a conservation bank. With proper forest management planning, the timber assets at Silver Springs can be a strategic complement to the property’s already diverse income streams.

SCENIC VISTAS

Silver Springs Cattle Ranch delivers an experience defined by breathtaking scenery and peaceful solitude. From its gently rolling pastures to elevated vantage points, the property opens up to panoramic views of the South Puget Sound prairie ecosystem, sweeping grasslands, Oregon white oak stands, and the winding Deschutes River, creating a living landscape painting. On clear days, the snow-capped peak of Mount Rainier rises in the distance, providing a dramatic and aweinspiring backdrop. Whether you envision morning coffee overlooking misty meadows, sunset gatherings beneath wide prairie skies, or future homesites that celebrate the land’s natural drama, the vistas at Silver Springs offer a daily reminder of why owning land in this part of Washington is a rare and rewarding opportunity.

INFRASTRUCTURE

Buildings:

• Barn No. 1 - 11,664± SF with power, water, and concrete floors

• Barn No. 2 - 2,400± SF with power and water

• Barn No. 3 - 2,592± SF with nearby power and water

• Shop - 4,608± SF with water, power, concrete floors, septic, 1,200± SF are insulated and drywalled, and 420± SF of updated office space with HVAC and bathroom

• Main House – 2,004± SF, updated and HVAC

• Island Cabin – 1,066± SF, updated and HVAC

• Caretaker Mobile – 1,269± SF

• Commercial compost steel building – 216,000± SF with multiple other structures

Water Sources:

• Four developed residential exempt wells

• 1 Group B commercial well

• 6” casing

• 66.3’ depth

• 42’ static water level

• 25-40 gallons per minute (gpm)

• Extensive livestock water infrastructure

• 480± acre feet of old water rights

• Three test wells:

• All 2” PVC

• Approximately 145’ deep

• Irrigation

Utilities

• 3pH Power

• Internet, fiber-optic service Pastures

• 1,039± acres of pasture

• Fully fenced and extensively cross-fenced Access

• Full access off of Military Road

• Partial access off Waldrick Road

• Railroad – Rainier Rail

• Over 1 mile of heavy-haul asphault-paved roads

• Over 3 miles of heavy-haul improved gravel roads

• Miles of logging/skidder/ATV roads and trails

RECREATION

Washington State is a land of dramatic contrasts—home to lush rainforests, arid deserts, alpine meadows, and coastal estuaries. This natural diversity creates endless opportunities for outdoor adventure. Visitors and residents alike can hike, bike, boat, canoe, fish, hunt, golf, and ride horseback across varied terrains. In winter, enjoy downhill or cross-country skiing, snowshoeing, and snowmobiling; in summer, dive into water sports like surfing, windsurfing, water skiing, swimming, and scuba diving. For thrill-seekers, off-road and wheeled recreation adds even more excitement. The property is also a haven for wildlife, including a historic resident herd of 40 to 80 Roosevelt elk, though current numbers vary seasonally and are currently lower. Trophy-class black-tailed deer, black bear, bobcat, and mountain lion have also been spotted on-site, enhancing the property’s appeal for wildlife watchers and sportsmen alike.

HUNTING | WILDLIFE

Silver Springs Cattle Ranch and the surrounding area offer rich wildlife viewing and hunting opportunities across diverse habitats—from prairies and woodlands to river wetlands and managed wildlife areas. The Scatter Creek and Skookumchuck Wildlife Areas host protected prairie ecosystems, supporting species like deer, elk, pheasant, and various birds, including bald eagles and western bluebirds. Game Management Units 666 and 667 encompass much of Thurston County, allowing regulated big-game hunting for deer, elk, black bear, and cougar, with WDFW enforcement of firearm restrictions and safety zones. Public DNR and WDFW lands provide accessible hunting opportunities, though hunters must verify ownership boundaries and seasonal regulations. In addition to big game, small-game hunting—such as rabbits and furbearers—is popular in shrub, grassland, and wetland areas. With pheasant release programs, stringent rules on non-toxic shot, and firearm restrictions in place, Thurston County emphasizes safety and habitat conservation while supporting varied outdoor traditions.

INCOME OPPORTUNITY

Gravel Mine:

• 217± M tons of in-situ material

• Permitting process underway for the first 40 million tonnes with RR access

Timber:

• 50± MBF timber (subject to cruise)

Lease Revenue:

• Three long-term and NNN leases

River Frontage:

• 2± miles of river front (2,500± LF has both sides)

Cow-Calf Operation: 250 pairs

• Previously supported 250 cow-calf pairs yearround with no outside feed purchases

• Produced over 400 DM tons of hay and haylage across 2-3 cuttings per year on 180± acres – when not irrigated

• All feed was grown and harvested on-site, with later cuttings often sold as square bales, generating additional income

• The entire herd was maintained through onsite forage production, reducing operational costs and external dependencies

Current lessee operation:

• Operates a fluctuating yearling program with numbers ranging from a few hundred to approximately 1,000 head at any given time

• Estimated annual turnover of cattle is 2,0003,000 head cycled through the ranch over the grazing and winter-feeding seasons, with 1,000 head during the winter months based on observed patterns

• The current lessee does not cut hay or produce forage: instead all available acres are used strictly for rotational or continuous grazing

ECO ASSETS

The wetland mitigation credits are based on approximately 110 acres of high-functioning seasonal and perennial wetlands. Valued at an estimated $27 million, these wetlands provide essential ecological services such as water filtration, flood control, and amphibian habitat. Their restoration and conservation can be used to offset wetland impacts elsewhere through a formal mitigation bank.

The salmonid conservation credits, valued at $10 million, are tied to 41 acres of stream and riparian habitat that support Chinook, chum, and steelhead salmon populations. These areas provide opportunities to generate credits through enhancement of fish passage, riparian buffers, and water quality improvements within the Deschutes River watershed.

The Oregon white oak (OWO) conservation credits focus on restoring or protecting 73 acres of rare upland oak woodland, which are declining in the South Puget Sound region. Estimated at $9.5 million in value, this habitat supports priority species like the Western gray squirrel and neotropical birds, and can generate upland habitat mitigation credits through stewardship or replanting efforts.

The species-specific prairie conservation credits are collectively valued at $29 million and span nearly 870 acres of native prairie habitat. This includes conservation opportunities for four listed or candidate species: the Yelm pocket gopher, Taylor’s checkerspot butterfly, Oregon vesper sparrow, and the streaked horned lark. Each species depends on open, sparsely vegetated grasslands or native flowering plants, and the habitat restoration and long-term management required for these credits align with federal recovery goals and critical habitat designations.

AREA HISTORY

The Tenino, Washington area is rich in history and rooted in Indigenous culture and pioneer settlement. Long before European settlers arrived, the region was home to the Coast Salish peoples, particularly the Nisqually Tribe. These communities thrived on the abundant natural resources found in the prairies, rivers, and forests of the South Puget Sound. The name “Tenino” itself is believed to derive from a Native word or possibly a rail designation, though the true origin remains debated.

With the arrival of Euro-American settlers in the mid-1800s, Tenino began to develop as a key point along the Oregon Trail and the military roads connecting Fort Vancouver to Fort Steilacoom. In 1872, the Northern Pacific Railroad reached the area, placing Tenino firmly on the map. The town quickly became an important railroad and shipping hub for timber and stone—resources that played a major role in its early economic development.

By the late 19th century, Tenino was flourishing as a sandstone quarrying center. Its high-quality sandstone was used throughout the Pacific Northwest in public buildings, banks, and churches. The Tenino Stone Company provided jobs and growth for the town, and remnants of the quarry industry remain today, most notably in the old quarry swimming pool—now a beloved local park and summer destination.

Tenino was officially incorporated in 1906. Throughout the 20th century, it remained a small but proud community, known for its rugged character and deep connections to the land. During the Great Depression, Tenino famously issued its own wooden currency to support local trade when banks closed—an event that highlighted the town’s resilience and resourcefulness.

Today, Tenino maintains its historic charm with preserved buildings, a historic downtown district, and a strong community spirit. The Tenino Depot Museum and restored sandstone structures serve as lasting reminders of the area’s colorful past. The region continues to balance growth with heritage preservation, supported by conservation efforts and local pride. Rich in cultural legacy, Tenino offers a meaningful glimpse into Washington’s pioneer roots and the enduring significance of small-town resilience in the Pacific Northwest.

CLIMATE

Tenino, Washington, experiences a warm summer, featuring mild, wet winters—average lows around 34°F and annual precipitation about 50 inches—and pleasantly warm, dry summers, with highs around 78°F, roughly six inches of snow yearly, and around 138 sunny days annually.

Climate charts courtesy of https://www.city-data.com/city/Tenino-Washington.html

NEARBY ATTRACTIONS & ACTIVITIES

Tenino, Washington is a charming town rich in history, culture, and natural beauty, offering a variety of attractions and events that appeal to all ages. A local highlight is Oregon Trail Days, held every fourth weekend of July. Hosted by the Puget Sound Free Trappers and the Tenino Area Chamber of Commerce, this festive celebration features a lively parade, rock and gem show, black powder shoots, diverse vendors, and delicious food—bringing the community and visitors together in a tribute to Tenino’s pioneer roots. The town’s historic Quarry Pool, once a sandstone quarry, is now a spring-fed swimming spot complete with a diving board and splash pad, perfect for summer recreation. The Tenino Depot Museum and the Downtown Historic District invite history buffs to explore the area’s sandstone heritage and unique wooden currency. Nearby, outdoor enthusiasts can enjoy the Yelm–Rainier–Tenino and Chehalis Western Trails, ideal for walking and biking through scenic prairies and forests.

Monarch Sculpture Park offers over 100 contemporary art pieces set in a peaceful woodland setting. Just 7 miles from Great Wolf Lodge, 15 miles from Lucky Eagle Casino, and 10 minutes from popular South Sound Speedway, Tenino’s location provides easy access to both family fun and adult entertainment.

LOCATION

Silver Springs Cattle Ranch lies roughly 5–6 miles east of Tenino and about 12–15 miles southeast of Tumwater, situated on Military Road. This region of south Thurston County offers a quiet landscape of rolling agricultural fields, timber stands, and patches of riparian corridors along nearby rivers and creeks. Tenino is a small city (population around 1,870 in 2020), known for its sandstone heritage, historic downtown district, and community-converted quarry pool in Tenino City Park. The surrounding countryside supports ranching and mixed-use agricultural operations, with access to regional amenities in Olympia and Centralia within a 20-mile radius. Outdoor recreation abounds: nearby trails like the Yelm–Rainier–Tenino Trail, local wineries around Bucoda and Centralia, and Offut Lake Resort, which offers fishing and boating, are within easy reach.

AIRPORT SERVICES

The property is located approximately 67± miles from SeaTac International Airport and 104± miles from Portland International Airport. Additionally, there is a small regional airport in Olympia, just 11± miles away.

GETTING THERE

From I-5, take exit 101 in Tumwater onto Tumwater Boulevard, head west for approximately 1.4 miles, and turn right onto Capitol Boulevard SE, which becomes Old Highway 99 SE. Continue for about 5 miles, then turn left onto Waldrick Road SE. Follow Waldrick Road for approximately 6.6 miles.

BLA may be required prior to closing or as a post-closing obligation.

WATER RIGHTS

All water rights appurtenant to the property and owned by the seller will convey to the buyer at closing. Water rights are not guaranteed. It is recommended that the buyer conduct a water rights search.

MINERAL RIGHTS

All mineral rights appurtenant to the property and owned by the seller will convey to the buyer at closing. Mineral rights are not guaranteed. It is recommended that the buyer conduct a mineral rights search.

DEVELOPMENT RIGHTS

All development rights appurtenant to the property and owned by the seller will convey to the buyer at closing. Development rights are not guaranteed. It is suggested that the buyer conduct a development rights search.

CONSERVATION | STEWARDSHIP

Each of us at Fay loves the land and wants to see it remain a productive agricultural ground and a quality fish and wildlife habitat. Through promoting thoughtful land stewardship, Fay has guided owners toward a legacy of conserving wideopen spaces, enhancing and creating fisheries and wildlife habitats, and implementing sustainable agricultural operations. Fay is proud to say that since our company began in 1992, our clients’ conservation ethics and land-use practices have significantly enhanced our work landscape.

SUMMARY

Silver Springs Cattle Ranch (SSCR) spans over 1,058.53± acres in Thurston County, Washington, with an additional 115± adjacent acres available for a limited time. The property features ecologically rare wetlands, oak woodlands, native prairies, and riparian habitats that support several protected species, offering strong potential for mitigation banking and conservation partnerships. It includes 1,034.8± acres of mapped glacial outwash sand and gravel with 217± M tons of in-situ material—40± million tons currently in permitting with rail access. SSCR also hosts revenue-generating leases, productive farmland, rich wildlife, water rights, timber, and infrastructure, generating reliable annual net income.

Please contact Troy Dana at (360) 402.5500 | tdana@fayranches.com to schedule a showing. This is an exclusive listing. An agent from Fay Ranches, Inc. must be present at all showings, unless otherwise noted or other arrangements are made. To view other properties we have listed, please visit our web page at www. fayranches.com.

$49,995,000 Cash

Conventional Financing 1031 Exchange

Offer is subject to errors, omissions, prior sale, change or withdrawal without notice, and approval of purchase by owner. Information regarding land classification, carrying capacities, maps, etc., is intended only as a general guideline and has been provided by the owners and other sources deemed reliable, but the accuracy cannot be guaranteed. Prospective purchasers are encouraged to research the information to their own satisfaction.

Scan the QR code to learn more.