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    Waterfront Recreational Land Title is generated by Realmo AI

    Tyler View Place, Sequim, WA 98382

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    Claim this Listing
    For Sale
    $239,000

    LAND - Sequim, WA

    Lot size:
    1.00 Acre
    Added:
    Feb 17, 2026
    Days on Market:
    108
    Last Refresh:
    Jun 4 at 11:06 pm

    Property Features for Tyler View Place

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Vegetation
    Cleared
    Standard status
    Active
    APN
    043133339090
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    Tract 1 Kattan SP V16 P89
    Tax Annual Amount
    1636

    We can help!

    Listing Contact
    Michelle Ripley

    Listing agent Michelle Ripley License #22012077

    Listing office Sun Valley Realty 609 W Washington Street Suite 7, Sequim, WA

    Listing date Feb 17, 2026

    MLS# 400166 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

    • Mountain view homesite at the end of a dead‑end road
    • Property borders Voice of America Preserve and Dungeness Recreational Area
    • Includes access to a private airstrip
    • Community water is available; $2,600 water right fee has been paid and included
    • Trails nearby for beach access and abundant wildlife

    Overview

    This property is a 1-acre piece of waterfront recreational land with mountain views located at the end of a dead-end road for additional privacy. The parcel borders the Voice of America Preserve and the Dungeness Recreational Area, and it includes access to a private airstrip. Residential zoning applies to the site, making it suitable for buyers planning a home in keeping with that zoning.

    Community water is available, and a water right fee of $2,600 has been paid and included with the offering. For access and community rules related to the airstrip and HOA, the public remarks direct buyers to review the HOA website.

    For prospective buyers seeking a residential setting with outdoor access, the combination of preserve and recreational area adjacency, plus trail opportunities to reach the beach and observe abundant wildlife, may be a strong match. The paid water right and available community water can also support early planning for utilities when developing the property within the applicable residential zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Sequim
    County
    Clallam
    State
    Washington
    Longitude
    -123.1995789
    Latitude
    48.1340278

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    FAQs

    What type of property is this?
    Recreation land - Residential-zoned land with mountain views, privacy on a dead-end road, and trail access to nearby beach areas.
    Where is this recreation land located?
    The property is located at Tyler View Place Sequim, WA.
    What is the asking price?
    The asking price for this property is $239,000.
    What are key features of this property?
    This property features: Mountain view homesite at the end of a dead‑end road; Property borders Voice of America Preserve and Dungeness Recreational Area; Includes access to a private airstrip
    (360) 477-9895
    We can help!
    Listing Contact
    Michelle Ripley
    Real Estate License ID: 22012077
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    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.

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