Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Bell Hill Flat View Lot Title is generated by Realmo AI

    623 Doe Run Road, Sequim, WA 98382

    View on Map
    Claim this Listing
    New
    For Sale
    $350,000

    1 - 6 Acres - Sequim, WA

    Lot size:
    1.21 Acres
    Added:
    May 9, 2026
    Days on Market:
    4
    Last Refresh:
    May 12 at 4:06 pm

    Property Features for 623 Doe Run Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    033029419245
    Lot size
    1.21 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    1543

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Nell Clausen
    Nell Clausen

    Listing agent Nell Clausen License #115992

    Listing office RE/MAX Prime 901 W. Washington Street, Sequim, WA

    Listing date May 9, 2026

    MLS# 400578 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.

    HighLights

    • Unobstructed salt water views of Mount Baker, Sequim Bay, San Juan Islands, Cascade Mountains, and Protection Island.
    • Rare flat 1.21 acre lot on desirable Bell Hill.
    • Ideal for retirement home construction with stunning views.
    • Views include ship traffic and changing landscape.
    • 25' setbacks on either side.
    • Buyer to confirm with HOA.

    Overview

    This 1.21-acre flat lot is located on Bell Hill in Sequim, WA. The property offers unobstructed salt water views of Mount Baker, Sequim Bay, the San Juan Islands, Cascade Mountains, and Protection Island. The property is zoned for residential use, offering the opportunity to build a home and enjoy the views. Setbacks are 25 feet on either side, and confirmation with the HOA is required by the buyer.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Skin Care Clinic Accounting Firm Hotel & Motel Kitchen & Bath Showroom Cafe & Coffee Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Sequim
    County
    Clallam
    State
    Washington
    Longitude
    -123.083208
    Latitude
    48.061509

    Nearby Similar for Sale

    • $895,000
      6,240 SF

      Sequim Commercial Building For Sale

      Fully leased commercial building with long-term tenants in Sequim, WA.
      213 E Washington St, Sequim, WA 98382
      View Details
    • $1,290,000
      7,762 SF

      Sequim Commercial Building and Land

      7762 SF commercial building on 0.61 acre lot.
      172 Valley Center Place, Sequim, WA 98382
      View Details
    • $394,000

      Highway Commercial Land in Sequim

      0.58-acre commercial parcel zoned for a wide range of uses.
      999 Grant Rd, Sequim, WA 98382
      View Details
    • $285,000

      Sequim Land in Lifestyle District

      Two adjoining lots in Sequim's Lifestyle District.
      965 & 955 N 5th Avenue, Sequim, WA 98382
      View Details
    • $285,000

      Sequim Land in Lifestyle District

      Two adjoining lots in Sequim's coveted Lifestyle District.
      955 & 965 N 5th Avenue, Sequim, WA 98382
      View Details
    • $159,000

      Downtown Sequim Commercial Land

      Commercial land in downtown Sequim with development potential.
      999 S Brown Rd, Sequim, WA 98382
      View Details
    • $435,000

      Sequim Land with Development Potential

      5.64 acres in Sequim, WA, zoned for residential development.
      2116 S Seventh Ave, Sequim, WA 98382
      View Details
    • $500,000

      Sequim Land with Paid Utilities

      9+ acre view parcel ready to build with paid utilities.
      2884 Happy Valley Rd, Sequim, WA 98382
      View Details
    • $475,000

      Waterfront Lot Ready For Build

      Prime Sequim waterfront lot ready for your dream build.
      381 3 Crabs Rd, Sequim, WA 98382
      View Details
    • $295,000

      2.78 Acres Ready Homesite

      2.78-acre parcel with well, septic approval, and electricity.
      9999 Clearview Lane, Sequim, WA 98382
      View Details
    • $250,000

      Permit-Ready View Lot Available Now

      Half-acre lot with permits, plans, and utilities in place.
      293 Moonlight Drive, Sequim, WA 98382
      View Details
    • $265,000

      Sequim Land with Water Views

      Residential land in Sequim with paid utilities and water views.
      9999 Elk Pass Rd Lot 16, Sequim, WA 98382
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.21 acre flat lot with unobstructed salt water views.
    Where is this residential land & home lot located?
    The property is located at 623 Doe Run Road Sequim, WA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Unobstructed salt water views of Mount Baker, Sequim Bay, San Juan Islands, Cascade Mountains, and Protection Island.; Rare flat 1.21 acre lot on desirable Bell Hill.; Ideal for retirement home construction with stunning views.
    (360) 912-0077
    We can help!
    Listing Contact
    Nell Clausen
    Nell Clausen
    Real Estate License ID: 115992
    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

    Thank You for Inquiry
    623 Doe Run Road, Sequim, WA 98382
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!