Sign Up Successful!
You now have access to more from Realmo!
    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

    222 Moonstone Pl Oak Harbor, WA 98277

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $215,000

    1.1-acre property with utilities, ready for your dream home.

    Lot size:
    1.10 Acres

    Property Features for 222 Moonstone Pl

    General Information

    Lot size
    1.10 Acres

    We can help!

    Listing Contact
    Gavin Lang
    Source: Corcoran

    Listing Agent: Gavin Lang

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

    Learn more

    Property Insight Report

    Overview

    Serene Land Parcel For Sale

    This 1.1-acre property is located on a quiet gravel road. The land is lightly treed with open space. A community well, on-site electricity, and an installed septic system are available. The property offers territorial views and is a short drive from town.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Building Supply Auto Repair Shop Food Market Storage Facility HVAC Service Convenience Store Cafe & Coffee Shop Tech Support Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Oak Harbor
    County
    Island
    State
    Washington
    Longitude
    -122.6271892
    Latitude
    48.3420636

    Nearby Similar for Sale

    • $559,000
      3,000 SF

      Commercial Facility Along Highway 20

      3,000 square foot commercial facility in Oak Harbor, Washington.
      1421 SW Barlow St, Oak Harbor, WA 98277
      View Details
    • $875,000
      4,488 SF

      Oak Harbor Office Building For Sale

      Office building with highway frontage in Oak Harbor, Washington.
      35 SE Ely St, Oak Harbor, WA 98277
      View Details
    • Contact for pricing

      Downtown Oak Harbor Commercial Building

      4600 SF commercial building in Oak Harbor's busy downtown.
      270 SE Pioneer Way, Oak Harbor, WA 98277
      View Details
    • $695,500
      1,902 SF

      Elegant Waterfront Home with Views

      Waterfront home with views, close to marina and downtown.
      1325 SE 10Th Ct, Oak Harbor, WA 98277
      View Details
    • $699,999

      Oak Harbor Mixed-Use Building

      Mixed-use building with bar, restaurant, and residential income potential.
      880 SE Pioneer Way, Oak Harbor, WA 98277
      View Details
    • $2,500,000

      Oak Harbor Commercial District Investment

      Prime location commercial property with stable income stream in Oak Harbor.
      31775 State Route 20, Oak Harbor, WA 98277
      View Details
    • $900,000
      2,694 SF

      Oak Harbor Commercial Building For Sale

      Commercial building with frontage on State Route 20 in Oak Harbor.
      31359 Oak Harbor St, Oak Harbor, WA 98277
      View Details
    • $900,000
      2,694 SF

      Oak Harbor Restaurant/Bar Opportunity

      Restaurant and bar with outdoor dining and upper level lounge.
      31359 State Route 20, Oak Harbor, WA 98277
      View Details
    • $2,600,000

      Large Industrial Building Near NAS

      Spacious industrial building with office space in Oak Harbor, WA.
      2800 N Goldie Rd, Oak Harbor, WA 98277
      View Details
    • $900,000

      Oak Harbor Commercial Building For Sale

      Commercial building with frontage on SR 20 in Oak Harbor.
      31359 Sr 20, Oak Harbor, WA 98277
      View Details
    • $49,500
      1,015 SF

      Whidbey Island Office Condo

      Commercial office condo for sale with three rooms and reception.
      390 Midway Blvd, Oak Harbor, WA 98277
      View Details
    • $150,000

      Established Auto Repair Facility

      Well-established auto repair facility in Oak Harbor, operating since 1959.
      152 E Midway Blvd, Oak Harbor, WA 98277
      View Details

    FAQs

    What type of property is this?
    Land - 1.1-acre property with utilities, ready for your dream home.
    Where is this land located?
    The property is located at 222 Moonstone Pl Oak Harbor, WA.
    What is the asking price?
    The asking price for this property is $215,000.
    What are key features of this property?
    This property features: - Large 1.1-acre property offers ample space and privacy.; - Essential utilities (community well, electricity, septic system) are already in place.; - Combination of lightly treed areas and open space allows for flexible building and landscaping options.
    (360) 982-3249
    Request Owner's contact information
    222 Moonstone Pl Oak Harbor, WA 98277
    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.
    222 Moonstone Pl
    Oak Harbor, WA 98277
    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
    222 Moonstone Pl Oak Harbor, WA 98277
    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
    Gavin Lang
    (360) 982-3249
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.