Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    Lot 5 Red Tail Ridge Colfax, WA 99111

    View on Map
    Claim this Listing
    New
    For Sale
    $82,000

    Residential - Colfax, WA

    Lot size:
    12.00 Acres
    Added:
    Apr 29, 2026
    Days on Market:
    7
    Last Refresh:
    May 5 at 9:06 pm

    Property Features for Lot 5 Red Tail Ridge

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    Lot size
    12.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    753

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Carmen Bruya
    Carmen Bruya

    Listing agent Carmen Bruya License #81709

    Listing office Woodbridge Real Estate 605 S Grand Ave Ste1, Pullman, WA

    Listing date Apr 29, 2026

    MLS# 283707 Listing URL

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

    Overview

    Colfax Residential View Lot

    This 12-acre residential lot is located in the Red Tail Ridge development and offers views of the Palouse rolling hills and the Palouse River. The property has available phone and electric hook ups. Surrounded by farmland, the lot allows animals. The property can be split. It features road frontage and year-round maintained roads within the development. The location provides convenient access to events at WSU and UI. The town of Colfax offers schools, a hospital, parks, and golfing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Colfax
    County
    Whitman
    State
    Washington
    Longitude
    -117.4
    Latitude
    46.8882

    Nearby Similar for Sale

    • $299,000
      2,276 SF

      Colfax Duplex with Rental History

      Duplex in Colfax with updated features and rental income.
      610/612 S I Street, Colfax, WA 99111
      View Details
    • $150,000

      Colfax Residential Lot with Utilities

      Build-ready 1.56-acre residential lot with city utilities in Colfax.
      705 W Orchard, Colfax, WA 99111
      View Details
    • $100,000

      9 Acre Level Building Lot

      Level 9-acre lot ready for building near Colfax amenities.
      18 Red Tail Ridge, Colfax, WA 99111
      View Details
    • $49,900

      6 Acres with Palouse Views

      Residential land with picturesque views near Colfax amenities.
      Lot 9 Red Tail Ridge, Colfax, WA 99111
      View Details
    • $52,000

      Colfax Residential View Property

      Residential land near downtown Colfax, WA, ideal for building.
      33 Red Tail Ridge, Colfax, WA 99111
      View Details
    • $45,000

      Colfax Land with River Views

      Residential land in Colfax, WA, with stunning river views.
      6e Red Tail Ridge, Colfax, WA 99111
      View Details
    • $295,000

      Colfax WA Land for Development

      5 acre parcel ripe for residential development near Pullman, WA.
      Tbd Cherry St, Colfax, WA 99111
      View Details
    • $275,000

      Colfax Office For Sale

      Commercial office building for sale in Colfax, Washington.
      415 S Main, Colfax, WA 99111
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 12-acre residential lot with utilities and Palouse views.
    Where is this residential land & home lot located?
    The property is located at Lot 5 Red Tail Ridge Colfax, WA.
    What is the asking price?
    The asking price for this property is $82,000.
    What are key features of this property?
    This property features: 12 Acre View Lot with stunning Palouse River and rolling hills views.; Utilities available: Phone and electric hook ups.; Property can be split.
    (509) 553-9494
    We can help!
    Listing Contact
    Carmen Bruya
    Carmen Bruya
    Real Estate License ID: 81709
    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
    Lot 5 Red Tail Ridge, Colfax, WA 99111
    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!