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    Residential Land with RV Power Title is generated by Realmo AI

    982 E Anderson, Sequim, WA 98382

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    For Sale
    $310,000

    LAND - Sequim, WA

    Lot size:
    5.50 Acres
    Added:
    Oct 10, 2025
    Days on Market:
    238
    Last Refresh:
    Jun 4 at 10:06 pm

    Property Features for 982 E Anderson

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    0431362200200000
    Lot size
    5.50 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    PARCEL B OF SURVEY RECORDED JULY 10, 2019 IN VOLUME 84 OF SURVEYS, PAGE 85, UNDER CLALLAM COUNTY RECORDING NO. 2019-1381262, BRING A PORTION OF GOVERNMENT LOT 6, SECTION 36, TOWNSHIP 31 NORTH, RANGE 4 WEST, W.M., CLALLAM COUNTY, WASHINGTON.
    Tax Annual Amount
    1801

    We can help!

    Listing Contact
    David James
    David James

    Listing agent David James License #22023292

    Listing office Real Broker, LLC 1400 112th Ave SE Ste 100, Bellevue, WA

    Listing date Oct 10, 2025

    MLS# 391555 Listing URL

    Copyright © 2026 Olympic Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 5.5‑acre property in Dungeness with sweeping Olympic Mountains views
    • Bordered by pasture land owned by Clark Farms
    • Level land with numerous build sites and a gated driveway
    • Power on the property, including 30‑amp and 50‑amp RV plugs and power to each shed
    • Seasonal irrigation water on site
    • Two sheds: one for storage and one set up as a dry cabin

    Overview

    This is a 5.5-acre residential-zoned property in Sequim, offering level land with multiple potential build sites. The property includes a gated driveway and power is already on site. RV power is available with both 30-amp and 50-amp RV plugs, and power is also provided to each of the two sheds. One shed is for storage, while the other is set up as a dry cabin.

    The lot is bordered by pasture land owned by Clark Farms and the property benefits from sweeping views of the Olympic Mountains. Seasonal irrigation water is available on site, which can support landscaping and outdoor use.

    For buyers looking for a place to build, this site provides a straightforward combination of on-site utilities, storage options, and outdoor readiness through the existing sheds and irrigation water. The level terrain and multiple buildable areas can support planning flexibility, while the gated driveway and existing power make it workable for interim use as you design and permit future improvements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Restaurant Law Firm Auto Repair Shop Hotel & Motel Kitchen & Bath Showroom Food Market Grocery & Convenience Store Garden Center Bed & Breakfast Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Sequim
    County
    Clallam
    State
    Washington
    Longitude
    -123.1449865
    Latitude
    48.14388987

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    FAQs

    What type of property is this?
    Agricultural land / Farmland - 5.5-acre residential-zoned property in Sequim with RV power, sheds, and level, gated access.
    Where is this agricultural land / farmland located?
    The property is located at 982 E Anderson Sequim, WA.
    What is the asking price?
    The asking price for this property is $310,000.
    What are key features of this property?
    This property features: 5.5‑acre property in Dungeness with sweeping Olympic Mountains views; Bordered by pasture land owned by Clark Farms; Level land with numerous build sites and a gated driveway
    (360) 912-3315
    We can help!
    Listing Contact
    David James
    David James
    Real Estate License ID: 22023292
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    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.

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