Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land Parcel with Valley Views Title is generated by Realmo AI

    17233 State Route 410 W, Bonney Lake, WA 98391

    View on Map
    Claim this Listing
    For Sale
    $119,900

    3.4 acre parcel with utilities and exceptional views.

    Type:Land or Vacant Lot
    Lot size:
    3.44 Acres
    Added:
    Aug 6, 2024
    Days on Market:
    670
    Last Refresh:
    May 10 at 8:40 pm

    Property Features for 17233 State Route 410 W

    General Information

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

    We can help!

    Listing Contact
    DREW STAUDT

    Listing agent DREW STAUDT

    Listing office WINDERMERE PROF PARTNERS

    Listing date Aug 6, 2024

    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 WINDERMERE PROF PARTNERS

    HighLights

    • Exceptional views of Sumner, Puyallup River Valley, and Olympic Mountain Foothills.
    • 3.4‑acre parcel size.
    • Utilities (water, sewer, electric, gas) are available at the highway.
    • Merchantable timber on property.
    • Minutes from Costco.
    • Additional 18.9‑acre parcel available for sale.

    Overview

    This 3.4-acre parcel offers views of Sumner, the Puyallup River Valley, and the Olympic Mountain Foothills. Water, sewer, electric, and gas utilities are available at the highway. The property contains some merchantable timber. Located in the Sumner School District, it is minutes from Costco. The topography is mostly steep, but includes some level areas. Zoning and building jurisdiction are managed by the City of Bonney Lake. The property is located just outside of Bonney Lake. There is a gravel utility easement off SR 410 HWY West. An additional 18.9-acre parcel is available for sale. Buyers should conduct due diligence to verify the property works for their intended purposes.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Bonney Lake
    County
    Pierce
    State
    Washington
    Longitude
    -122.198
    Latitude
    47.1866

    Nearby Similar for Sale

    • $825,000
      27,507 SF

      Bonney Lake Commercial Land Available

      Vacant commercial lot with high traffic count in Bonney Lake.
      18321 SR 410 E, Bonney Lake, WA, 98391
      View Details
    • $7,666,188
      60,000 SF

      Bonney Lake Commercial Land Available

      6.12 acre commercial land with utilities in Bonney Lake.
      22411 100th St E, Bonney Lake, WA 98391
      View Details
    • $598,950

      Bonney Lake Commercial/Industrial Land Parcel

      1.25 AC commercial/light industrial land near Highway 410.
      101 221st Avenue Ct E, Bonney Lake, WA, 98391-7681
      View Details
    • $2,499,000
      17,000 SF

      2.7-Acre C3-Zoned Commercial Lot

      Development-ready site with approved plans in high-traffic commercial corridor.
      22512 State Route 410 E, Bonney Lake, WA 98391
      View Details
    • $9,579,800

      New Retail Center For Sale

      New multi-tenant shopping center in rapidly growing Bonney Lake, WA.
      20502 98th St E, Bonney Lake, WA 98391
      View Details
    • Contact for pricing
      130,151 SF

      Tehaleh Industrial Park For Sale

      Class A industrial park with 130,151 SF and 5 AC yard.
      14621 and 14719 170th Ave E, Bonney Lake, WA 98391
      View Details
    • $1,851,300

      Bonney Lake Industrial Land Available

      2.4 acres of light industrial land in growing Eastown District.
      221st Avenue East & 100th Street East, Bonney Lake, WA 98391
      View Details
    • $2,499,000
      17,000 SF

      2.7-Acre C3-Zoned Commercial Lot

      Development-ready site in Bonney Lake with approved plans.
      22512 State Route 410 E, Bonney Lake, WA 98391
      View Details
    • $3,350,000
      2,313 SF

      Bonney Lake NNN Ground Lease

      Corporate leased Chipotle in Mountain View Marketplace, Bonney Lake.
      20416 98th St E, Bonney Lake, WA 98391
      View Details
    • $7,666,188
      6 SF

      Bonney Lake Commercial Land Available

      6.12 acres of commercial land in Bonney Lake.
      22411 100th St E, Bonney Lake, WA 98391
      View Details
    • $6,119,000

      Les Schwab in Bonney Lake

      Les Schwab Tire Center in rapidly growing Bonney Lake, WA.
      9911 214th Ave E, Bonney Lake, Bonney Lake, WA 98391
      View Details
    • $3,750,000

      Bonney Lake Development Opportunity

      Five-acre corner lot with development potential in growing Bonney Lake.
      16102 193rd Avenue E, Bonney Lake, WA 98391
      View Details

    FAQs

    What type of property is this?
    Land - 3.4 acre parcel with utilities and exceptional views.
    Where is this land located?
    The property is located at 17233 State Route 410 W Bonney Lake, WA.
    What is the asking price?
    The asking price for this property is $119,900.
    What are key features of this property?
    This property features: Exceptional views of Sumner, Puyallup River Valley, and Olympic Mountain Foothills.; 3.4‑acre parcel size.; Utilities (water, sewer, electric, gas) are available at the highway.
    (253) 845-5900
    We can help!
    Listing Contact
    DREW STAUDT
    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
    17233 State Route 410 W, Bonney Lake, WA 98391
    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!