Sign Up Successful!
You now have access to more from Realmo!
    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

    Nka Old Olympic Hwy Sequim, WA 98382

    Sponsored
    For Sale
    $350,000

    1 - 6 Acres - Sequim, WA

    Lot size:
    5.13 Acres
    Days on Market:
    229
    Last Refresh:
    Jan 25 at 5:06 pm

    Property Features for Nka Old Olympic Hwy

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    APN
    0430103300600
    Parking features
    Unimproved
    Lot size
    5.13 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Andrea Gilles

    Professional Real Estate (360) 683-3564

    Listing agent Andrea Gilles (360) 683-3564 License #112793

    Listing date Jun 11, 2025

    MLS# 390724 Listing URL

    Copyright © 2026 Olympic 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.

    Learn more

    Overview

    Sequim Land with Mountain Views

    This 5.13-acre parcel offers open space and spectacular mountain views. The property is zoned residential and provides room for gardening, building a shop, or adding a guest house. General CCR's are in place, allowing for options. A height restriction of 25 feet ensures views for all, and a minimum square footage requirement of 1,200 sq ft helps maintain a cohesive neighborhood. Modular or manufactured homes are permitted, provided they are less than two years old and placed on a permanent foundation. Located in Sequim, WA, this parcel is ready for building a dream home in the Sequim Dungeness Valley.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Sequim
    County
    Clallam
    State
    Washington
    Longitude
    -123.09
    Latitude
    48.0015

    Nearby Similar for Sale

    • $1,800,000
      6,144 SF

      Sequim Professional Office Plaza

      Professional office plaza with high-quality tenants in Sequim, WA.
      542A N 5Th Ave, Sequim, WA 98382
      View Details
    • $1,699,000
      7,743 SF

      Sequim Medical Corridor Investment Opportunity

      Two commercial buildings fully leased by healthcare tenants through 2028.
      565 Eureka Way, Sequim, WA 98382
      View Details
    • $168,000
      1,143 SF

      Lavender Business Opportunity in Sequim

      Established lavender business for sale in downtown Sequim, Washington.
      120 W Washington St, Sequim, WA 98382
      View Details
    • $295,000
      1,228 SF

      Professional Office Suite in Sequim

      Professional office suite in thriving Sequim business district for sale.
      534 N 5Th Ave, Sequim, WA 98382
      View Details
    • $374,950

      Sequim Home with Mountain Views

      Spacious home near Sequim with Olympic and Strait views.
      81 E Palmer St, Sequim, WA 98382
      View Details
    • $749,950
      4,800 SF

      Established Restaurant with Organic Focus

      Landmark restaurant with high-quality, organically grown meals. Pacific Northwest.
      101 Provence Vw Ln, Sequim, WA
      View Details
    • $419,950
      1,470 SF

      New Condominium in Sequim

      New condominium with modern finishes, convenient location, and natural light.
      669 W Hendrickson Rd, Sequim, WA 98382
      View Details
    • $419,950
      1,470 SF

      New Condominium in Sequim

      New condominium with modern finishes, convenient location, and natural light.
      669 W Hendrickson Rd, Sequim, WA 98382
      View Details
    • $419,950
      1,470 SF

      New Sequim Condo with Garage

      New condominium in Sequim with modern finishes and convenient location.
      669 W Hendrickson Rd, Sequim, WA 98382
      View Details
    • $419,950
      1,470 SF

      New Sequim Condo with Garage

      New condominium in Sequim with modern finishes and convenient location.
      669 W Hendrickson Rd, Sequim, WA 98382
      View Details
    • $429,950
      1,452 SF

      New Sequim Condo with Garage

      New condominium in Sequim with modern finishes and convenient location.
      669 W Hendrickson Rd, Sequim, WA 98382
      View Details
    • $439,950
      1,576 SF

      New Condominium in Sequim

      New condominium with modern finishes, convenient location, and natural light.
      669 W Hendrickson Rd, Sequim, WA 98382
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 5-acre parcel in Sequim with mountain views and open space.
    Where is this residential land & home lot located?
    The property is located at Nka Old Olympic Hwy 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: - 5-acre parcel in Sequim Dungeness Valley; - Spectacular mountain views; - Options to garden, build a shop, or add a guest house
    (360) 808-3306
    Request Owner's contact information
    Nka Old Olympic Hwy Sequim, WA 98382
    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.
    Nka Old Olympic Hwy
    Sequim, WA 98382
    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
    Nka Old Olympic Hwy Sequim, WA 98382
    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

    We can help!
    Listing Contact
    Andrea Gilles
    Real Estate License ID: 112793
    (360) 808-3306
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.