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

    26175 Miller Bay Road Northeast, Poulsbo, WA 98370

    View on Map
    Claim this Listing
    For Sale
    $285,000

    10 acres of versatile land near Kingston ferry and amenities.

    Type:Land
    Lot size:
    10.00 Acres
    Added:
    May 15, 2026
    Days on Market:
    13
    Last Refresh:
    May 15 at 8:42 pm

    Property Features for 26175 Miller Bay Road Northeast

    General Information

    Standard status
    Active
    Lot size
    10.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Douglas J Hallock

    Listing agent Douglas J Hallock License #18704

    Listing office Windermere RE West Sound Inc.

    Listing date May 15, 2026

    Source Compass

    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 RE West Sound Inc.

    HighLights

    • 10 acres of scenic, versatile land offering privacy and tranquility.
    • Conveniently located minutes from the Kingston ferry, downtown shops, and restaurants.
    • Rural Protection zoning allows for horses, small livestock, gardens, and orchards.
    • Mostly level acreage ideal for a custom home with potential for an ADU.
    • Abundant space for a shop, barn, recreational outbuildings, or riding arena.
    • Property features include evergreens, pasture land, and a stream/creek.

    Overview

    This 10-acre parcel of land offers privacy and tranquility, presenting an opportunity for a custom estate. Located minutes from the Kingston ferry, downtown shops, restaurants, and everyday amenities, the property combines a peaceful countryside setting with convenient access to urban resources. The Rural Protection zoning allows for various agricultural and lifestyle uses, including horses, small livestock, gardens, orchards, and pastureland, making it suitable for an equestrian property, hobby farm, or self-sustaining mini-estate. The mostly level acreage is suitable for a custom home, with potential for an Accessory Dwelling Unit (ADU), and provides space for a shop, barn, recreational outbuildings, or a riding arena. This parcel is suited for a legacy property, modern homestead, or off-grid inspired lifestyle. A survey is available. Feasibility studies have not yet been completed.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Building Supply Kitchen & Bath Showroom Electronics & Wireless Store Garden Center Computer & Electronic Repair Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Poulsbo
    County
    Kitsap
    State
    Washington
    Longitude
    -122.5514272
    Latitude
    47.7835776

    Nearby Similar for Sale

    • $4,180,000
      24,246 SF

      Scalable Warehouse Space Available

      High-functioning warehouse space suitable for e-commerce, distribution, or industrial teams.
      26287 12 Trees Ln NW, Poulsbo, WA
      View Details
    • $1,500,000
      8,000 SF

      Functional Warehouse in Strategic Location

      8,000 SF warehouse on 0.78 acres in Poulsbo, WA.
      5805 Northeast Minder Road, Poulsbo, WA 98370
      View Details
    • $2,150,000
      1,596 SF

      Functional Office Space Available

      Office space with existing buildouts, suitable for medical or general use.
      20730 Bond Rd NE, Poulsbo, WA
      View Details
    • $1,200,000
      575 SF

      Poulsbo Land Assemblage Opportunity

      Three parcels totaling 10.85 acres in Viking Avenue Corridor.
      20397 Northwest Cedar Lane, Poulsbo, WA 98370
      View Details
    • $899,000
      4 SF

      Highway Visible Land For Sale

      Shovel-ready 4.1 acre commercial land visible from Highway 305.
      7th Ave NE, Poulsbo, WA 98370
      View Details
    • $3,679,076
      10,010 SF

      Retail Property in Poulsbo, WA

      Retail property with 10,010 square feet of space.
      20370 Viking Ave NW, Poulsbo, WA
      View Details
    • Contact for pricing
      2,150 SF

      Poulsbo Restaurant Opportunity

      2,150 SF restaurant on 0.37 acres in Poulsbo, Washington.
      19610 7th Avenue NE, Poulsbo, WA 98370
      View Details
    • $2,200,000

      Poulsbo NNN Investment Opportunity

      Long-term NNN lease with rental increases in income tax-free state.
      20250 7th Ave NE, Poulsbo, WA 98370
      View Details
    • Contact for pricing
      54,450 SF

      Highway Corner Land For Sale

      Hard corner lot on main highway with multiple access points.
      18823 Hwy 305 NE, Poulsbo, WA
      View Details
    • Contact for pricing
      61 SF

      61-Acre Development Site in Poulsbo

      Commercial development site at the intersection of Highway 305 and Highway 3.
      SR 3 & SR 305, Poulsbo, WA 98370
      View Details
    • $4,200,000
      10,400 SF

      Two Office Buildings For Sale

      Two office buildings totaling 18,662 SF on 0.94 acres.
      19660 10th Ave NE, Poulsbo, WA
      View Details
    • $799,000

      Vacant Land in Poulsbo, WA

      Vacant land suitable for development in Poulsbo, Washington.
      0 7th Ave NE, Poulsbo, WA
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 10 acres of versatile land near Kingston ferry and amenities.
    Where is this agricultural land / farmland located?
    The property is located at 26175 Miller Bay Road Northeast Poulsbo, WA.
    What is the asking price?
    The asking price for this property is $285,000.
    What are key features of this property?
    This property features: 10 acres of scenic, versatile land offering privacy and tranquility.; Conveniently located minutes from the Kingston ferry, downtown shops, and restaurants.; Rural Protection zoning allows for horses, small livestock, gardens, and orchards.
    (360) 297-2661
    We can help!
    Listing Contact
    Douglas J Hallock
    Real Estate License ID: 18704
    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
    26175 Miller Bay Road Northeast, Poulsbo, WA 98370
    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!