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

    1501 324TH Pl Ocean Park, WA 98640

    View on Map
    Claim this Listing
    New
    For Sale
    $149,900

    LAND - OceanPark, WA

    Lot size:
    0.29 Acres
    Added:
    Apr 16, 2026
    Days on Market:
    1
    Last Refresh:
    Apr 16 at 10:06 pm

    Property Features for 1501 324TH Pl

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R1
    Standard status
    Active
    APN
    77014004013
    Lot size
    0.29 Acres

    Taxes and HOA fees

    Tax Description
    SURFSIDE ESTATES DV-14, LOT 13, BLOCK 4
    Tax Annual Amount
    748

    We can help!

    Listing Contact
    Theresa Lowe

    Listing agent Theresa Lowe

    Listing office Keller Williams Realty 2211 E Mill Plain Blvd, Vancouver, WA

    Listing date Apr 16, 2026

    MLS# 202664352 Listing URL

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

    Overview

    Spacious Lot in Surfside Community

    This spacious double lot, located in the desirable Surfside community of Ocean Park, offers 12,196 square feet. Situated just minutes from the beach, the property provides a peaceful and private setting among the trees. Utilities are already in place, with water and electricity available on the property. Improvements include a leveled site, ready for an RV or future home, plus a gazebo and shed that remain with the property. The HOA covers water, garbage, and recycling services, as well as other community amenities such as a scenic lake perfect for kayaking or relaxing, a BBQ area, restroom facilities, and an RV dump station. The RV on the property is available for separate purchase.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Auto Repair Shop Garden Center Cafe & Coffee Shop (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ocean Park
    County
    Pacific
    State
    Washington
    Longitude
    -124.0492978
    Latitude
    46.5372149

    Nearby Similar for Sale

    • $150,000

      Ready Coastal Lot in OceanPark

      Cleared .23-acre lot with utilities ready for immediate enjoyment.
      30505 I St, OceanPark, WA 98640
      View Details
    • $65,000

      Residential Land in Ocean Park

      Untouched, wooded land in a desirable coastal community.
      247th Ln, OceanPark, WA 98640
      View Details
    • $150,000

      Waterfront Lot in Surfside Estates

      Buildable lot with utilities and waterfront access in OceanPark, WA.
      30213 X Pl, OceanPark, WA 98640
      View Details
    • $40,000

      Residential Land in Ocean Park

      Untouched, wooded land in a desirable coastal community.
      247th Ln, OceanPark, WA 98640
      View Details
    • $40,000

      Residential Land in Ocean Park

      Untouched, wooded land in desirable Ocean Park community.
      247th Ln, OceanPark, WA 98640
      View Details
    • $95,000

      Ready Coastal Getaway in OceanPark

      Equipped 0.14-acre property with RV hookups and beach essentials.
      31310 I St, OceanPark, WA 98640
      View Details
    • $85,000

      Land in Sunset Sands Community

      Land with RV parking, utilities, and community amenities.
      21333 BIRCH Pl, OceanPark, WA 98640
      View Details
    • $129,000

      Land Near Ocean Park Beach

      Three lots near the beach, ideal for development or RV camping.
      806 318TH Pl, OceanPark, WA 98640
      View Details
    • $129,000

      Ocean View Lot Near Beach

      Ocean Park land with view, beach access, and utilities.
      31405 J Pl, OceanPark, WA 98640
      View Details
    • $449,000

      Ocean Park Restaurant/Bar with Views

      Former restaurant/bar with ocean views, development potential in Ocean Park.
      1201 Bay Ave, Ocean Park, WA
      View Details
    • $40,000

      Land in OceanPark, Washington

      Vacant lots in Pacific County, WA, awaiting your vision.
      27399 Sandridge Rd, OceanPark, WA 98640
      View Details
    • $50,000

      OceanPark Land Ready to Develop

      Desirable Surfside community lot ready for RV or home.
      802 325TH Pl, OceanPark, WA 98640
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Double lot near the beach with utilities and community amenities.
    Where is this residential land & home lot located?
    The property is located at 1501 324TH Pl Ocean Park, WA.
    What is the asking price?
    The asking price for this property is $149,900.
    What are key features of this property?
    This property features: Large double lot (12,196 sq ft) in desirable Surfside community; Utilities in place: water and electricity; Leveled site ready for RV or future home
    (360) 513-8116
    We can help!
    Listing Contact
    Theresa Lowe
    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!