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

    10 E Shetland Rd Shelton, WA 98584

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $940,800

    120.06 acres near Shelton with timber and development potential.

    Lot size:
    120.06 Acres

    Property Features for 10 E Shetland Rd

    General Information

    Standard status
    Active
    Lot size
    120.06 Acres

    We can help!

    Listing Contact
    Scott Mcdonald
    Source: Corcoran

    Listing Agency: COLDWELL BANKER BAIN Listing Agent: Scott Mcdonald

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Mason County Land Opportunity

    This is a rare opportunity to own 120.06 acres across three contiguous parcels in Mason County. The land is located just north of Shelton and minutes from Hood Canal, directly outside the Lake Limerick Country Club community, which offers public golf and fishing within a mile. The property is zoned RR20, with potential for further lot segregation. The land features light timber, brush, trails, and level-to-rolling terrain at an elevation of 260 to 300 feet. Timber ages range from 29 to 63 years. Wetlands and streams are present. The property has full-use access from East Shetland Road, a partially paved county road with power and phone available. This property offers strong investment, timber, or rural estate potential.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Spa & Massage Center Building Supply Skin Care Clinic Accounting Firm Kitchen & Bath Showroom Bar & Pub Grocery & Convenience Store Food Market Cafe & Coffee Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Shelton
    County
    Mason
    State
    Washington
    Longitude
    -123.0567387
    Latitude
    47.2877784

    Nearby Similar for Sale

    • $7,960,000
      62,006 SF

      Shelton Shopping Center Investment Opportunity

      100% occupied shopping center anchored by DSHS and Mason General Hospital.
      2505 Olympic Hwy N, Shelton, WA 98584
      View Details
    • Contact for pricing

      Versatile Commercial Building on Large Lot

      9,160 SF commercial building on 1.6 acres for sale.
      21 E Adonai Ct, Shelton, WA 98584
      View Details
    • $1,200,000

      Versatile Commercial Building on Large Lot

      9,160 SQFT commercial building on 1.6 Acres ready for business.
      21 Adonai Ct, Shelton, WA 98584
      View Details
    • $1,460,000

      Shelton Multifamily Investment Opportunity

      Two well-maintained 4-plexes with income potential in a prime location.
      1125 13Th St, Shelton, WA 98584
      View Details
    • Contact for pricing

      Versatile Commercial Building on Large Lot

      9,160 SF commercial building on 1.6 acres ready for business.
      21 Adonai Ct, Shelton, WA 98584
      View Details
    • Contact for pricing

      Professional Office Space Available

      500 sq ft office unit perfect for small businesses.
      117 N 8Th St, Shelton, WA 98584
      View Details
    • Contact for pricing

      Secure Garage or Storage Space

      Secure garage or storage space conveniently located near town.
      1806 Hay St, Shelton, WA 98584
      View Details
    • $799,000
      7,000 SF

      Shelton Retail/Warehouse Investment

      Prime Shelton location, 7,000 SF, 3 units.
      1069 Wa-3, Shelton, WA 98584
      View Details
    • Contact for pricing

      Oakland Bay Tideland Clam Beds

      3.29 acres of tideland with steamer/manila clam beds.
      3 .29Acres Tideland, Shelton, WA 98584
      View Details
    • $600,000

      Shelton Auto Shop & Land

      Established Business, Clean Report, 4 Parcels
      117 Grove St, Shelton, WA 98584
      View Details
    • $330,480

      Shelton Airport T-Hangar Unit 8

      Premium T-Hangar, Ready Fall 2024
      91 Airview Way, Shelton, WA 98584
      View Details
    • Contact for pricing

      Move-In Ready Home in Shelton

      Almost new home in downtown Shelton, close to amenities.
      1347 W Franklin St, Shelton, WA 98584
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 120.06 acres near Shelton with timber and development potential.
    Where is this agricultural land / farmland located?
    The property is located at 10 E Shetland Rd Shelton, WA.
    What is the asking price?
    The asking price for this property is $940,800.
    What are key features of this property?
    This property features: - Large Acreage: 120.06 acres across three contiguous parcels.; - Development Potential: Zoned RR20 with potential for further lot segregation (buyer to verify).; - Convenient Location: Just north of Shelton and minutes from Hood Canal, near Lake Limerick Country Club.
    (425) 454-0470
    Request Owner's contact information
    10 E Shetland Rd Shelton, WA 98584
    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.
    10 E Shetland Rd
    Shelton, WA 98584
    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
    10 E Shetland Rd Shelton, WA 98584
    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
    Scott Mcdonald
    (425) 454-0470
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!