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

    72 Lot W Arrowhead Drive #72 Elma, WA 98541

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land suitable for residential development with potential lake views.

    Added:
    May 23, 2025
    Days on Market:
    317
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 72 Lot W Arrowhead Drive #72

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    JODIE GUEDON

    Listing agent JODIE GUEDON

    Listing office SHELTON LAND & HOMES, LLC

    Listing date May 23, 2025

    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 SHELTON LAND & HOMES, LLC

    Overview

    Residential Land with Lake View

    This residential land offers a promising opportunity for development. The property requires the installation of a culvert for driveway access and some brush clearing. A flat area in the middle of the lot provides a suitable location for building a home with a view of the lake. This land is presented as a potentially sound investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Hotel & Motel Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Elma
    County
    Grays Harbor
    State
    Washington
    Longitude
    -123.332
    Latitude
    47.1351

    Nearby Similar for Sale

    • $799,000
      4,357 SF

      Commercial

      203 W Main St, Elma, WA 98541
      View Details
    • $365,000
      3,300 SF

      Elma Commercial Building with Exposure

      Over 3,300 SF commercial building in Elma, Washington.
      112 W Main Street, Elma, WA 98541
      View Details
    • $679,999
      62,726 SF

      Elma Commercial Land For Sale

      62,726 SF commercial land available in Elma, Washington.
      102 Garden Hill Rd W, Elma, WA 98541
      View Details
    • $1,500,000

      Elma Commercial Land Opportunity

      High-visibility commercial land parcel at the intersection of WA-8 and US-12.
      35 Marilyn Ln, Elma, WA
      View Details
    • $1,500,000

      Elma Commercial Land For Sale

      9.58 acres of C-3 zoned commercial land in Elma.
      35 Marilyn Ln, Elma, WA 98541
      View Details
    • $1,250,000

      Age-Restricted Manufactured Home Community

      18-lot manufactured home community for 55+ with reliable income.
      1018 Monte Elma Rd, Elma, WA 98541
      View Details
    • $9,900,000
      12,606 SF

      Elma Equestrian Estate For Sale

      Exclusive equestrian estate with custom home, barns, and pastures.
      5051 Us Highway 12, Elma, WA 98541
      View Details
    • $9,900,000
      16,606 SF

      Elma Equestrian Estate For Sale

      Exclusive equestrian estate with custom home, barns, and pastures.
      5051 US Highway 12, Elma, WA 98541
      View Details
    • $9,900,000
      2,308,680 SF

      Elma Equestrian Estate For Sale

      Exclusive equestrian estate with custom home, barns, and pastures.
      5051 Hwy 12, Elma, WA 98541
      View Details
    • $145,000

      Lake Arrowhead Waterfront Land

      Three lots with canal frontage, private dock, and lake access.
      300 W Arrowhead Drive, Elma, WA 98541
      View Details
    • $69,900

      Waterfront Land with Creek Access

      Waterfront property on Decker Creek with RV hookups.
      351 W Haven Drive, Elma, WA 98541
      View Details
    • $299,900

      21.98 Acres of Secluded Land

      Pristine land with wells, driveway, and natural beauty.
      5951 W Satsop Cloquallum Road, Elma, WA 98541
      View Details

    FAQs

    What type of property is this?
    Land - Land suitable for residential development with potential lake views.
    Where is this land located?
    The property is located at 72 Lot W Arrowhead Drive #72 Elma, WA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Lake view potential.; Flat building spot available.; Great investment opportunity.
    We can help!
    Listing Contact
    JODIE GUEDON
    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!