Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    HIGHLAND VALLEY Rd Morton, WA 98356

    View on Map
    Claim this Listing
    For Sale
    $390,000

    LAND - Morton, WA

    Lot size:
    25.86 Acres
    Added:
    Jul 23, 2025
    Days on Market:
    281
    Last Refresh:
    Apr 29 at 6:06 am

    Property Features for HIGHLAND VALLEY Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    County
    Standard status
    Active
    APN
    029800081002
    Lot size
    25.86 Acres

    Taxes and HOA fees

    Tax Description
    SECTION 04 TOWNSHIP 12N RANGE 04E PT SW4 SE4 S RD & PT NW4 NE4 SEC 9 SE RD
    Tax Annual Amount
    36

    We can help!

    Listing Contact
    Tracy Jean Lindsey

    Listing agent Tracy Jean Lindsey

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

    Listing date Jul 23, 2025

    MLS# 694600300 Listing URL

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

    Overview

    Land with Hill Views

    This 25.86-acre land parcel is located on Highland Valley Rd just outside of Morton, WA. The property offers views of the surrounding hills and is surrounded by wildlife. The land features alder, cedar, maple, hemlock, and Douglas fir trees. The property, located in Lewis County, has County zoning and presents various opportunities, including marketable timber or a site for a future home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Morton
    County
    Lewis
    State
    Washington
    Longitude
    -122.306104
    Latitude
    46.547785

    Nearby Similar for Sale

    • $650,000
      3,132 SF

      Morton Commercial Building For Sale

      3,200 SF commercial building in Morton, Washington.
      812 Westlake Ave, Morton, WA
      View Details
    • $2,477,268
      9,100 SF

      Dollar General Investment Opportunity

      NNN leased Dollar General in Morton, WA with upside.
      303 2nd St, Morton, WA 98356
      View Details
    • $225,000
      900 SF

      Adaptable Commercial Building on Corner

      Versatile commercial building suitable for various business uses.
      101 E Main Avenue, Morton, WA 98356
      View Details
    • $320,000

      Nisqually River Recreational Land

      25+ acres of recreational land near Mount Rainier's Nisqually entrance.
      1 Skate Creek Road N, Morton, WA, 98356
      View Details
    • $179,900

      11.75 Acres Near Tilton River

      11.75 acres in Morton, WA, near Tilton River.
      5664 State Route 508, Morton, WA, 98356-9730
      View Details
    • $115,000

      Recreational Land Parcel with Septic

      2.5 acre recreational land parcel with 4-bedroom septic system.
      426 Highland Valley Rd, Morton, WA, 98356-9502
      View Details
    • $97,500

      Secluded Five-Acre Recreational Land Parcel

      Private five-acre parcel suitable for homesite or recreation.
      0 Davis Lake Road, Morton, WA, 98356
      View Details
    • $144,999

      Secluded Land with Lake View

      Private 5+ acre parcel with Riffe Lake views.
      347 Short Rd, Morton, WA, 98356-9523
      View Details
    • $144,999

      Secluded Land with Lake Views

      6-acre parcel with building pad and lake views.
      323 Short Rd, Morton, WA, 98356-9523
      View Details

    FAQs

    What type of property is this?
    Land - Large land parcel with potential for timber or future home.
    Where is this land located?
    The property is located at HIGHLAND VALLEY Rd Morton, WA.
    What is the asking price?
    The asking price for this property is $390,000.
    What are key features of this property?
    This property features: Large piece of land with hill views; Potential for marketable timber; Abundant wildlife
    (360) 740-6333
    We can help!
    Listing Contact
    Tracy Jean Lindsey
    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!