Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Swanson Airfield Adjacent Land Title is generated by Realmo AI

    163 Reagan Lane #0, Eatonville, WA 98328

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $650,000

    Two-acre lot near Swanson Airfield with multi-use development potential.

    Type:Land or Vacant Lot
    Lot size:
    2.10 Acres
    Added:
    Jul 30, 2025
    Days on Market:
    292
    Last Refresh:
    Apr 5 at 8:49 pm

    Property Features for 163 Reagan Lane #0

    General Information

    Standard status
    Active
    Lot size
    2.10 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    APRYL TOLSTOY

    Listing agent APRYL TOLSTOY

    Listing office KELLER WILLIAMS RLTY BELLEVUE

    Listing date Jul 30, 2025

    Source Corcoran

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

    All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS RLTY BELLEVUE

    HighLights

    • Two‑plus acres adjacent to Eatonville's Swanson Airfield runway
    • Multi‑use plan allows up to 25 units
    • Potential for 20,240 SQFT of leasable space
    • Hangars are optional
    • Suitable for seasoned investors or owner/operators
    • Sold with full site entitlements

    Overview

    This is a rare opportunity to own a two-plus-acre lot adjacent to the runway of Eatonville’s Swanson Airfield. A multi-use plan allows for the construction of up to 25 units, offering 20,240 square feet of leasable space upon completion. Hangar construction is optional. This opportunity may yield returns for investors or owner-operators looking to establish a business in an aviation-based community. The lot will be sold with full site entitlements. Buyers are advised to complete their own due diligence.
    Location Intelligence

    Current Use by Public Records

    Aviation real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Eatonville
    County
    Pierce
    State
    Washington
    Longitude
    -122.208
    Latitude
    46.8687

    Nearby Similar for Sale

    • $450,000
      2,505 SF

      Turnkey Aircraft Hangar in Eatonville

      Functional aircraft hangar with customizable space for aviation or distribution.
      163 Reagan Ln, Eatonville, WA 98328
      View Details
    • $1,550,000
      3,380 SF

      High Visibility Mixed-Use Property

      7.1 acre mixed-use property with income potential and views.
      5215 365th Street Ct E, Eatonville, WA 98328
      View Details
    • $399,950

      Downtown Eatonville Commercial Building For Sale

      Commercial building in the heart of Eatonville, WA.
      121 Mashell Avenue N, Eatonville, WA 98328
      View Details
    • $450,000
      2,228 SF

      Turnkey Aircraft Hangar in Eatonville

      Functional aircraft hangar with customizable space for aviation or distribution.
      163 Reagan Lane #4 & 5, Eatonville, WA 98328
      View Details
    • $1,550,000

      Versatile Mixed-Use Property with Income

      7.1-acre mixed-use property with multiple buildings and income potential.
      36510 Mountain Hwy E, Eatonville, WA
      View Details
    • $400,000

      Eatonville Restaurant with Drive-Through

      Turnkey restaurant opportunity in downtown Eatonville with indoor/outdoor dining.
      209 Center Street E, Eatonville, WA 98328
      View Details
    • $1,250,000
      1,665 SF

      Private 40-Acre Country Retreat

      Picturesque farm with updated home, shop, and barn.
      9715 381st St E #A, Eatonville, WA 98328
      View Details
    • $1,250,000
      1,665 SF

      Private 40-Acre Country Retreat

      Picturesque farm with updated home, agricultural land, and functional space.
      9715 381st Street E #A, Eatonville, WA 98328
      View Details
    • $849,000
      986 SF

      Eatonville Acreage with Mountain Views

      33-acre property with home, pasture, and mountain views.
      39411 Mountain Highway East, Eatonville, WA 98328
      View Details
    • $1,350,000

      Childcare Center Real Estate For Sale

      Real estate and childcare center available for purchase.
      560 Center St E, Eatonville, WA 98328
      View Details
    • $346,500
      3,360 SF

      Eatonville Hangar with Buildable Lot

      Hangar at Eatonville (2W3) with option to build a home.
      425 Jet St E, Eatonville, WA 98328
      View Details
    • $499,000

      Historic Movie Theater For Sale

      Historic movie theater with business opportunity in Eatonville, Washington.
      115 Mashell Avenue S, Eatonville, WA 98328
      View Details

    FAQs

    What type of property is this?
    Aviation real estate - Two-acre lot near Swanson Airfield with multi-use development potential.
    Where is this aviation real estate located?
    The property is located at 163 Reagan Lane #0 Eatonville, WA.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Two‑plus acres adjacent to Eatonville's Swanson Airfield runway; Multi‑use plan allows up to 25 units; Potential for **20,240 SQFT of leasable space**
    (425) 454-0911
    We can help!
    Listing Contact
    APRYL TOLSTOY
    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
    163 Reagan Lane #0, Eatonville, WA 98328
    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!