Add Listing
    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

    27120 NE 152nd Street Duvall, WA 98019

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,800,000

    5.8 acres of waterfront land with lake views.

    Lot size:
    5.90 Acres
    Added:
    Mar 14, 2026
    Days on Market:
    38
    Last Refresh:
    Mar 16 at 11:11 am

    Property Features for 27120 NE 152nd Street

    General Information

    Standard status
    Active
    Lot size
    5.90 Acres

    We can help!

    Listing Contact
    MARILYN WELLS

    Listing agent MARILYN WELLS

    Listing office BALLPARK REALTY

    Listing date Mar 14, 2026

    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 BALLPARK REALTY

    Overview

    Waterfront Land with Lake Views

    This property consists of 5 parcels, each with a minimum lot size of 6000 square feet. Located in the city, the site spans 5.8 acres according to county records. A 50-foot setback from the High Water Mark (HWM) on Rassmussen Lake is required. The property includes timber and offers views of the lake and waterfront. Existing buildings are considered to have no value. Please refer to the attached maps for additional information.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Duvall
    County
    King
    State
    Washington
    Longitude
    -121.9761436
    Latitude
    47.7396164

    Nearby Similar for Sale

    • $1,500,000
      382 SF

      Duvall Office Condo For Sale

      382 sq ft office condo in downtown Duvall.
      14524 Main St NE, Duvall, WA
      View Details
    • $1,490,000
      5,700 SF

      Versatile Commercial Condo in Duvall

      High-visibility commercial condo with long-term tenant in historic Duvall.
      14524 Main Street NE #109, Duvall, WA 98109
      View Details
    • $347,999
      387,684 SF

      Duvall Vacant Land Parcel

      8.9-acre vacant lot with mature timber and creek.
      18475 Mountain View Road Northeast, Duvall, WA 98019
      View Details
    • $3,857,894
      17,136 SF

      Retail Building in Downtown Duvall

      Retail building in downtown Duvall on Main St/Hwy 203.
      15215 Brown Ave NE, Duvall, WA 98019
      View Details
    • $5,000,000
      14,317 SF

      Allen Street Professional Center

      Professional center in Duvall, WA, ideal for owner-user.
      26425 NE Allen St, Duvall, WA 98019
      View Details
    • $49,000

      Recreational Lot Near Lake Margaret

      17,041 sq ft recreational lot near Lake Margaret.
      32609 NE 195th Street #175, Duvall, WA 98019
      View Details
    • $140,000

      Secluded Land in Stossel Creek

      4.96 acres of private land for recreational or residential use.
      15010 354th Avenue NE, Duvall, WA 98019
      View Details
    • $49,000

      Lake Margaret Recreation Lot

      Recreational lot near Lake Margaret with community lake access.
      32609 NE 195th St, Duvall, WA 98019
      View Details
    • $1,800,000

      Prime Land Near Shopping Center

      Land with high visibility and excellent connectivity in growing community.
      Duvall-Monroe Road., Duvall, WA
      View Details
    • $1,800,000
      237,838 SF

      Prime Commercial Land Opportunity

      Commercial land for development in a growing community.
      0 Duvall-Monroe Road., Duvall, WA 98019
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 5.8 acres of waterfront land with lake views.
    Where is this waterfront land located?
    The property is located at 27120 NE 152nd Street Duvall, WA.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: 5.8 acres of land per county records.; Waterfront property on Rassmussen Lake.; Beautiful timber and lake views.
    (360) 863-7317
    We can help!
    Listing Contact
    MARILYN WELLS
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!