Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Homebuilding Lot Title is generated by Realmo AI

    Northridge Lane lot 38, Sequim, WA 98382

    View on Map
    Claim this Listing
    For Sale
    $109,000

    LAND - Sequim, WA

    Lot size:
    0.44 Acres
    Added:
    May 21, 2026
    Days on Market:
    16
    Last Refresh:
    Jun 5 at 2:06 am

    Property Features for Northridge Lane lot 38

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Vegetation
    Partially Wooded
    Standard status
    Active
    APN
    033006530167
    Lot size
    0.44 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    LOT 38 WOODLAND HEIGHTS V8 OF PLATS P72
    Tax Annual Amount
    386

    We can help!

    Listing Contact
    Michael Echternkamp
    Michael Echternkamp

    Listing agent Michael Echternkamp License #21011406

    Listing office UpperLeft Real Estate LLC PO Box 1384, Sequim, WA

    Listing date May 21, 2026

    MLS# 400658 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

    • Residential parcel in the Woodland Heights neighborhood in Sequim, located on Northridge Lane
    • Positioned between two dead‑end roads for added privacy and quiet
    • HOA community water is available
    • Mature trees provide a natural wooded backdrop

    Overview

    This residentially zoned homebuilding lot is offered in Woodland Heights and covers 0.44 acres. The parcel is tucked among mature evergreens, providing a natural wooded setting for a future residence. HOA community water is available, supporting planned development for a new build.

    The property sits on Northridge Lane in Sequim, positioned between two dead-end roads. That layout contributes to a quieter feel while keeping the lot within reach of town conveniences and services. A mature tree backdrop is present across the site, shaping the character of the property and the potential site plan.

    For buyers looking to build, this lot offers a straightforward development path with water access through the HOA community system. It can support a primary residence, and it may also appeal to buyers considering an expanded compound depending on their plans for the neighboring home, which is also being offered separately. The existing woodland setting may help guide design decisions for orientation, landscaping, and outdoor living areas.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Sequim
    County
    Clallam
    State
    Washington
    Longitude
    -123.1063822
    Latitude
    48.12181833

    Nearby Similar for Sale

    • $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
    • $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
    • $159,000

      Corner Lot in Mixed-Use Business Park

      Cleared corner lot with City utilities available and entitlement work supporting an eight-room hotel/motel concept.
      999 S Brown Rd, Sequim, WA 98382
      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
    • $200,000

      Residential Building Lot with Strait Views

      Residentially zoned 3-acre lot with elevated terrain and Strait of Juan de Fuca views for custom home development.
      1010 Haven Heights Drive, Sequim, WA 98382
      View Details
    • $250,000

      Ready-to-Build Residential Homesite

      Residential zoned homesite in Willow Creek Manor with utilities installed and protected open-space setting.
      140 Dover, Sequim, WA 98382
      View Details
    • $187,000

      Ready-to-Build Residential Home Lot

      Residentially zoned homesite with utilities already installed, providing a straightforward foundation for new home planning.
      31 Colchester, Sequim, WA 98382
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - A residentially zoned lot in Woodland Heights with HOA community water available for new home construction.
    Where is this residential land & home lot located?
    The property is located at Northridge Lane lot 38 Sequim, WA.
    What is the asking price?
    The asking price for this property is $109,000.
    What are key features of this property?
    This property features: Residential parcel in the Woodland Heights neighborhood in Sequim, located on Northridge Lane; Positioned between two dead‑end roads for added privacy and quiet; HOA community water is available
    (206) 550-4660
    We can help!
    Listing Contact
    Michael Echternkamp
    Michael Echternkamp
    Real Estate License ID: 21011406
    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
    Northridge Lane lot: 38, 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!