Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1002 Lemmon Rd Port Angeles, WA 98362

    View on Map
    Claim this Listing
    For Sale
    $550,000

    6 Acres + - Port Angeles, WA

    Lot size:
    6.38 Acres
    Added:
    Feb 10, 2025
    Days on Market:
    443
    Last Refresh:
    Apr 29 at 5:06 pm

    Property Features for 1002 Lemmon Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Interior features
    Barn/Shop
    Exterior features
    Fence, Barn, Outbuilding
    Fencing
    Fenced
    Standard status
    Active
    APN
    0530105110500000
    Lot size
    6.38 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    2507

    Building Details

    Architectural style
    Other
    Additional Structures
    Barn(s), Outbuilding

    We can help!

    Listing Contact
    Bill Leland
    Bill Leland

    Listing agent Bill Leland License #21018119

    Listing office IDEAL Real Estate 224 W. Washington Street, Sequim, WA

    Listing date Feb 10, 2025

    MLS# 390150 Listing URL

    Copyright © 2026 Olympic Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Port Angeles Farm with Views

    This 6.38-acre property in Port Angeles, WA, offers views of the Straits of Juan de Fuca, Victoria Island, and the Olympic Mountains. The site previously operated as a certified goat dairy processing farm, with past certifications including an organic goat dairy facility and WSDA food program. Existing infrastructure includes a dairy processing facility, barn, and fencing. Plans are available for a second barn to be attached to the north side of the existing facility. The site is prepared for a 3-bath home and has sufficient power available for constructing a home and an additional barn. The zoning is residential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Redcoat Goats Food Processing Plant

    Suggested Use

    Real Estate Agency Spa & Massage Center Auto Repair Shop Department Store Storage Facility Wine and Liquor Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Port Angeles
    County
    Clallam
    State
    Washington
    Longitude
    -123.3116797
    Latitude
    48.1050188

    Nearby Similar for Sale

    • $1,500,000
      6,324 SF

      Highway 101 Commercial Opportunity

      Commercial property with buildings and established business for sale.
      3368 E Highway 101, Port Angeles, WA 98362
      View Details
    • $399,000
      1,491 SF

      Downtown Retail Space with Business

      Remodeled retail space with business in downtown Port Angeles.
      126 W First Street, Port Angeles, WA 98362
      View Details
    • $625,000
      2,500 SF

      Updated Home with Income Potential

      Updated split-level home near Lincoln Park with income potential.
      1217 W 19th Street, Port Angeles, WA 98363
      View Details
    • $350,000
      2,200 SF

      Turnkey Restaurant Opportunity in Port Angeles

      Profitable restaurant for sale with established community ties.
      205 E 8th St, STE A, Port Angeles, WA 98362
      View Details
    • $750,000
      2,742 SF

      In-City Estate with Orchard

      Two homes on 0.61 acres with orchard in Port Angeles.
      106 E Apple Lane, Port Angeles, WA 98362
      View Details
    • $319,000
      1,632 SF

      Prime Commercial Property, Port Angeles

      High-visibility commercial property suited for auto-related services.
      833 E 1st Street, Port Angeles, WA 98362
      View Details
    • $799,000
      3,534 SF

      Well-Maintained Four-Plex in Central Location

      Four-unit property in Port Angeles, WA, near local amenities.
      813 E Second Street, Port Angeles, WA 98362
      View Details
    • $199,000
      1,394 SF

      Professional Office Condo For Sale

      Prime professional office condo in thriving Port Angeles corridor.
      826 E 8th Street, Port Angeles, WA 98362
      View Details
    • $935,000
      5,367 SF

      Port Angeles Commercial Office Building

      Premier office building near Olympic Medical Center and retail shops.
      811 E Georgiana, Port Angeles, WA 98362
      View Details
    • $140,000
      420 SF

      Port Angeles Restaurant Business Opportunity

      Profitable restaurant business for sale with seller financing available.
      511 W 8th Street, Port Angeles, WA 98362
      View Details
    • $450,000
      1,862 SF

      Two Homes, One Property

      Two well-maintained homes on one property near Olympic National Park.
      2917 & 2917 1/2 Peabody Street, Port Angeles, WA 98362
      View Details
    • $1,920,000
      8,762 SF

      Updated 12-Unit Apartment Building

      Well-maintained 12-unit apartment building in central Port Angeles location.
      402 Laurel, Port Angeles, WA 98362
      View Details

    FAQs

    What type of property is this?
    Farm - 6+ acre farm with processing facility and stunning views.
    Where is this farm located?
    The property is located at 1002 Lemmon Rd Port Angeles, WA.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Stunning views of the Straits of Juan de Fuca, Victoria Island, and the Olympic Mountains.; Existing dairy processing facility, barn, and fencing included.; Previously certified organic goat dairy facility & WSDA food program.
    (360) 582-6417
    We can help!
    Listing Contact
    Bill Leland
    Bill Leland
    Real Estate License ID: 21018119
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!