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    Creekside Residential Land Title is generated by Realmo AI

    1718 S 3rd lot 1718 S Third, Sequim, WA 98382

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    Claim this Listing
    For Sale
    $900,000

    LAND - Sequim, WA

    Lot size:
    4.10 Acres
    Added:
    May 22, 2026
    Days on Market:
    13
    Last Refresh:
    Jun 3 at 9:06 pm

    Property Features for 1718 S 3rd lot 1718 S Third

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    033030410052
    Lot size
    4.10 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    LOTS A AND B OF BOUNDARY LINE ADJUSTMENT SURVEY, RECORDED DECEMBER 11, 2006 IN VOLUME62 OF SURVEYS, PAGE 34, UNDER CLALLAM COUNTY RECORDING NO. 2006 1192653, BEING A PORTIONOF THE NORTHEAST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 30, TOWNSHIP 30 NOr
    Tax Annual Amount
    4506

    Utilities

    Water front features
    Creek

    We can help!

    Listing Contact
    Tanya Holman
    Tanya Holman

    Listing agent Tanya Holman

    Listing office PROFESSIONAL RLTY SRVCS SEQUIM INC 411 W Washington St #Ste 2, Sequim, WA

    Listing date May 22, 2026

    MLS# 400662 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

    • 4.1 acres across two parcels (3.25 + 0.85 acres) in Sequim, zoned R4‑8
    • Bell Creek runs through the property with creekside trails leading down to the water
    • Multiple city sewer and water hookups distributed throughout, with electricity already on‑site
    • Included structures: large shed with composite deck, several newer sheds with decks, and lawn/garden storage shed
    • Gazebo stage plus mature landscaping with fruit trees and ornamental bushes
    • Bathroom building with 2 full bathrooms (toilet, sink, shower) and a studio‑style living space with ductless heat pump and kitchenette

    Overview

    This creekside property spans two parcels totaling 4.1 acres and is zoned Residential (R4-8). Utilities are a standout: multiple city sewer and water hookups are distributed throughout the land, with electricity already on-site. The property also includes a number of improvements, including a large shed with a composite deck, several newer sheds with decks, and additional lawn and garden storage. Mature landscaping features fruit trees and ornamental bushes, and there is a gazebo stage suited for gatherings. A clean, well-maintained bathroom building provides two full bathrooms, each with a toilet, sink, and shower. A studio-style living space includes a ductless heat pump, a kitchenette, and an open eating and sleeping area, plus an additional upper-level shed with a deck overlooking the property.

    Located in Sequim, the land features Bell Creek running through it, with trails leading down to the water. The property sits right next to Gerhardt City Park, providing nearby green space and recreation.

    The combination of flexible utility capacity, existing site improvements, and creekside setting makes this property well-suited for residential development, multi-unit concepts, or an off-grid private retreat that still benefits from city sewer and water hookups.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Sequim
    County
    Clallam
    State
    Washington
    Longitude
    -123.106405
    Latitude
    48.064359

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    FAQs

    What type of property is this?
    Residential land & home lot - Creekside land with multiple city sewer and water hookups plus electricity already on-site for flexible residential development.
    Where is this residential land & home lot located?
    The property is located at 1718 S 3rd lot 1718 S Third Sequim, WA.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: 4.1 acres across two parcels (3.25 + 0.85 acres) in Sequim, zoned R4‑8; Bell Creek runs through the property with creekside trails leading down to the water; Multiple city sewer and water hookups distributed throughout, with electricity already on‑site
    (360) 460-4030
    We can help!
    Listing Contact
    Tanya Holman
    Tanya Holman
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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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