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

    3 Myrtle View Lane, Chehalis, WA 98532

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $230,000

    Six-acre land parcel near Chehalis, close to I-5.

    Type:Land
    Lot size:
    6.00 Acres
    Added:
    May 19, 2026
    Days on Market:
    8
    Last Refresh:
    May 21 at 7:43 am

    Property Features for 3 Myrtle View Lane

    General Information

    Standard status
    Active
    Lot size
    6.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Scott Horner
    Scott Horner

    Listing agent Scott Horner License #11374

    Listing office On Point Real Estate

    Listing date May 19, 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 On Point Real Estate

    HighLights

    • Large 6‑acre parcel close to Chehalis
    • Conveniently located near I‑5 Exit 79 and stores
    • Timber valued at over $10,000
    • Treed homesite with valley views
    • Quiet, secluded location
    • Two adjacent parcels are also available

    Overview

    This property features just under six acres of land located on the edge of Chehalis, Washington. Situated minutes from stores and Exit 79 to I-5, the parcel is tucked away in a quiet valley. The timber on the property is valued at over $10,000. A treed homesite offers a potential building location with views overlooking the valley. This large parcel is a rare opportunity, with two adjacent parcels also available.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chehalis
    County
    Lewis
    State
    Washington
    Longitude
    -122.951602
    Latitude
    46.668704

    Nearby Similar for Sale

    • $559,900

      Versatile Property Near I-5

      Flexible property suitable for residential, office, or live/work use.
      1579 Bishop Rd, Chehalis, WA
      View Details
    • $375,000
      3,000 SF

      Mixed-Use Corner Lot Building

      Mixed-use building with commercial space and residential units.
      48 SW Chehalis Ave, Chehalis, WA 98532
      View Details
    • $259,000

      Level Adna Parcel For Sale

      5+ acre level parcel ready for building with views.
      2 Brown Road, Chehalis, WA 98532
      View Details
    • $230,000

      Land Parcel Near Chehalis

      Seven acre land parcel close to Chehalis and I-5.
      2 Myrtle View Lane, Chehalis, WA 98532
      View Details
    • $310,000

      Large Parcel Near Chehalis

      38.5 acres near Chehalis with timber value.
      1 Myrtle View Lane, Chehalis, WA 98532
      View Details
    • $5,595,000
      56,628 SF

      Travelodge Hotel Along Interstate 5

      Nationally branded hotel with high visibility and convenient access.
      122 SW Interstate Ave, Chehalis, WA 98532
      View Details
    • $2,199,000
      12,960 SF

      Warehouses and Land with Billboard

      1.95-acre property with warehouses, rail access, and billboard.
      1579 N National Ave, Chehalis, WA 98532
      View Details
    • $249,900

      5 Acres on Chehalis River

      5 acres with 200 feet of Chehalis River frontage.
      3898 State Route 6, Chehalis, WA, 98532-9239
      View Details
    • Contact for pricing

      Chehalis Restaurant and Grocery Location

      Turnkey restaurant and grocery opportunity in Chehalis, Washington.
      576 W Main Street, Chehalis, WA 98532
      View Details
    • $8,443,000

      Land for Sale

      Land available for sale in Chehalis, Washington.
      0 Bishop Rd, Chehalis, WA
      View Details
    • $169,900

      14.50 Acre Riverfront Land Parcel

      Prime riverfront property with pastureland, ideal for recreation.
      Chehalis, WA 98532
      View Details
    • $950,000

      Land For Sale Chehalis

      Land available for sale in Chehalis, Washington.
      1676 Bishop Rd, Chehalis, WA
      View Details

    FAQs

    What type of property is this?
    Land - Six-acre land parcel near Chehalis, close to I-5.
    Where is this land located?
    The property is located at 3 Myrtle View Lane Chehalis, WA.
    What is the asking price?
    The asking price for this property is $230,000.
    What are key features of this property?
    This property features: Large 6‑acre parcel close to Chehalis; Conveniently located near I‑5 Exit 79 and stores; Timber valued at over $10,000
    (360) 740-4101
    We can help!
    Listing Contact
    Scott Horner
    Scott Horner
    Real Estate License ID: 11374
    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
    3 Myrtle View Lane, Chehalis, WA 98532
    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!