Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Corner Lot in Mixed-Use Business Park Title is generated by Realmo AI

    999 S Brown Rd, Sequim, WA 98382

    View on Map
    Claim this Listing
    For Sale
    $159,000

    LAND - Sequim, WA

    Lot size:
    0.36 Acres
    Added:
    Feb 10, 2026
    Days on Market:
    113
    Last Refresh:
    Jun 3 at 9:06 pm

    Property Features for 999 S Brown Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    APN
    0330204291800000
    Lot size
    0.36 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    See Docs for Legal
    Tax Annual Amount
    576

    We can help!

    Listing Contact
    Jake Tjernell
    Jake Tjernell

    Listing agent Jake Tjernell License #118486

    Listing office eXp Realty, LLC 1455 NW Leary Way Suite 400 Suite 100, Seattle, WA

    Listing date Feb 10, 2026

    MLS# 400142 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

    • Corner lot in Palmco Business Park in Downtown Sequim
    • City of Sequim CMU (Community Mixed Use) zoning allows for a variety of commercial and residential uses
    • City utilities available: power, water, and sewer at the lot
    • Preliminary drawing completed for an eight‑unit hotel/motel concept with on‑site laundry and parking
    • Topography survey and perk testing completed
    • Cleared lot with southern exposure and mountain view

    Overview

    This commercial land offering is located within Palmco Business Park and sits on a cleared corner lot. The property is under City of Sequim CMU (Community Mixed Use) zoning, which is described as allowing a variety of commercial and residential uses. A preliminary drawing has been completed for an eight unit hotel/motel concept with on-site laundry and parking, and supporting due diligence includes a topography survey and perk testing. The lot is noted to have southern exposure and an even “nice mountain view.”

    The City of Sequim states that power, water, and sewer are available to the lot. The public remarks also note convenience to Downtown Sequim amenities, including restaurants and stores, as well as proximity to Carrie Blake Park.

    For buyers, this site is positioned for a wide range of mixed-use concepts consistent with CMU zoning, with the existing preliminary hotel/motel plan providing a head start for hospitality-oriented development. With utilities available and site studies already completed, the property may appeal to investors and developers looking to move forward with planning and design based on documented site conditions and early concept work.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sequim
    County
    Clallam
    State
    Washington
    Longitude
    -123.0910053
    Latitude
    48.07674507

    Nearby Similar for Sale

    • $1,290,000
      7,762 SF

      Sequim Commercial Building and Land

      7762 SF commercial building on 0.61 acre lot.
      172 Valley Center Place, Sequim, WA 98382
      View Details
    • $895,000
      6,240 SF

      Sequim Commercial Building For Sale

      Fully leased commercial building with long-term tenants in Sequim, WA.
      213 E Washington St, Sequim, WA 98382
      View Details
    • $1,295,000
      1,173 SF

      Turnkey Inn Hospitality Property

      Newly remodeled inn with flexible lodging units suited for short-term or hybrid hospitality operations.
      711 Carlsborg Road, Sequim, WA 98382
      View Details
    • $425,000
      1,152 SF

      Updated Office and Residential Property

      Updated single-level layout with onsite front and back parking, plus a recently installed propane tankless hot water system.
      405 W Bell Street, Sequim, WA 98382
      View Details
    • $394,000

      Highway Commercial Development Land

      A highway commercial-zoned parcel near major ramp access, suited for a range of auto-oriented businesses with permitted use restrictions.
      999 Grant Rd, Sequim, WA 98382
      View Details
    • $295,000
      1,228 SF

      Sequim Office Space For Sale

      Commercial office space in Sequim, WA with multiple private offices.
      534 N Fifth Ave, Sequim, WA 98382-9999
      View Details
    • $136,000

      Downtown Mixed-Use Zoning Land Parcel

      Commercially zoned land offering flexible development options with DMU-I downtown mixed-use zoning in Sequim.
      177 W Bell St, Sequim, WA 98382
      View Details
    • $285,000

      Adjoining Land Lots with Utilities

      Two adjoining lots with city sewer, water, and PUD power on site, supported by flexible zoning.
      955 & 965 N 5th Avenue, Sequim, WA 98382
      View Details
    • $900,000

      Creekside Residential Land

      Creekside land with multiple city sewer and water hookups plus electricity already on-site for flexible residential development.
      1718 S 3rd lot: 1718 S Third, Sequim, WA 98382
      View Details
    • $1,800,000
      6,144 SF

      Sequim Professional Office Plaza

      Professional office plaza with high-quality tenants in Sequim, WA.
      542A, 542B, 544 N Fifth Ave, SEQUIM, WA 98382-9999
      View Details
    • $185,000

      Ready-to-Build Homesite in Planned Community

      Residential homesite with utilities installed, set within a planned community near Sequim recreation and trails.
      71 Dover, Sequim, WA 98382
      View Details
    • $185,000

      Ready-to-Build Homesite with Utilities

      Residentially zoned homesite in a planned community with utilities installed and ready for development.
      61 Dover, Sequim, WA 98382
      View Details

    FAQs

    What type of property is this?
    Commercial land - Cleared corner lot with City utilities available and entitlement work supporting an eight-room hotel/motel concept.
    Where is this commercial land located?
    The property is located at 999 S Brown Rd Sequim, WA.
    What is the asking price?
    The asking price for this property is $159,000.
    What are key features of this property?
    This property features: Corner lot in Palmco Business Park in Downtown Sequim; City of Sequim CMU (Community Mixed Use) zoning allows for a variety of commercial and residential uses; City utilities available: power, water, and sewer at the lot
    (360) 460-6250
    We can help!
    Listing Contact
    Jake Tjernell
    Jake Tjernell
    Real Estate License ID: 118486
    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
    999 S Brown Rd, Sequim, WA 98382
    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!