Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1684 Collins Rd Buckley, WA 98321
    Back to Search
    Property profile & analytics

    1684 Collins Rd Buckley, WA 98321

    View on Map
    • Land
    • 7.63 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1684 Collins Rd

    Lot size
    7.63 lot acres
    Property type
    Land

    Description

    This exceptional 7.626-acre parcel in Buckley, WA, presents a prime development opportunity. Located at 1684 Collins Rd, the property boasts R-8000 zoning, allowing for diverse residential development. This includes single-family homes (minimum 8,000 sq ft lots), townhouses or duplexes (minimum 6,000 sq ft lots), or cottage housing at 1.6 times the single-family density. The level pastureland offers stunning views of Mount Rainier. Utilities (water, sewer, and electric) are conveniently located at the street. Pre-existing plat designs for 24-27 units are available, although higher density is achievable with alternative configurations. The property comprises four separate tax parcels (APN: 7535000291, 7535000240, 7535000140, & 7535000100), simplifying the transaction. Comprehensive studies, including geotechnical, traffic impact, and stormwater analyses, along with multiple plat options, are available. This is a unique opportunity to capitalize on the potential of this desirable location. The asking price is $899,900. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Buckley
    County
    Pierce
    State
    Washington
    Longitude
    -122.011
    Latitude
    47.164

    Comparable in this City

    • Value Estimation by Request
      14.24 Acres

      Cor Of State Rte 165 & Ryan Rd

      Land • 14.24 Acres
      0 Cor Of State Rte 165 & Ryan Rd, Buckley, WA 98321
      View Details
    • Value Estimation by Request
      1.13 Acres

      11505 242nd Ave E Ct

      MOBILE HOME PARK, TRAILER PARK • 1.13 Acres
      11505 242nd Ave E Ct, Buckley, WA 98321-9085
      View Details
    • Value Estimation by Request
      1.75 Acres

      11505 242nd Ave E Ct

      MOBILE HOME PARK, TRAILER PARK • 1.75 Acres
      11505 242nd Ave E Ct, Buckley, WA 98321-9085
      View Details
    • Value Estimation by Request
      1.13 Acres

      11505 242nd Ave E Ct

      MOBILE HOME PARK, TRAILER PARK • 1.13 Acres
      11505 242nd Ave E Ct, Buckley, WA 98321-9085
      View Details
    • Value Estimation by Request
      5,880 SF

      861 Main St

      APARTMENT HOUSE (5+ UNITS) • 5,880 SF
      861 Main St, Buckley, WA 98321
      View Details
    • Value Estimation by Request
      1.13 Acres

      11505 242nd Ave E Ct

      MOBILE HOME PARK, TRAILER PARK • 1.13 Acres
      11505 242nd Ave E Ct, Buckley, WA 98321-9085
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      14.24 Acres of Land

      14.24 acres of land for sale.
      SE Cor Of State Rte 165 & Ryan Rd, Buckley, WA 98321
      View Details
    • Contact for pricing

      9.5 Acres in Buckley

      9.5-acre parcel in Buckley with utilities in place.
      27515 Entwhistle Rd E, Buckley, WA 98321
      View Details
    • Contact for pricing

      9.5 Acres in Buckley

      9.5-acre parcel with utilities in place near town.
      27515 Entwhistle Rd East, Buckley, WA 98321
      View Details
    • $344,400
      428,630 SF

      Land Near Buckley City Limits

      Land for sale near Buckley with seasonal water rights.
      26614 96Th St E, Buckley, WA 98321
      View Details
    • Contact for pricing

      4.53 Acres General Commercial Land

      4.53 acres of general commercial land with SR 410 frontage.
      28519 State Route 410 E, Buckley, WA 98321
      View Details
    • $694,950

      Agricultural Land with Mountain Views

      Level, fenced agricultural land with mature trees and mountain views.
      Mundy Loss Rd E, Buckley, WA 98321
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land with SR 410 Frontage

      4.53 acres of commercial land for lease.
      28593 State Route 410 E, Buckley, WA 98321
      View Details
    • $0.15 SF/Yr

      Fenced Yard with Mobile Offices

      2.31 acre fenced yard with quonset hut and offices.
      28008 Hinkleman Rd, Buckley, WA 98321
      View Details
    • $21,039
      140,263 SF

      Contractor Yard with Highway Access

      Gravel-covered, fenced contractor yard with easy highway access.
      28008 Hinkleman Rd, Buckley, WA 98321
      View Details
    • $35 SF/Yr
      9,337 SF

      Retail/Office Development with Drive-Thru

      Retail/office development with drive-thru opportunity on State Route 410.
      State Route 410 E, Buckley, WA 98321
      View Details
    • $4,336 /Mo
      2,168 SF

      Turnkey Medical Office Space Available

      Turnkey medical office space for lease in Buckley, Washington.
      28002 State Route 410 E, Buckley, WA 98321
      View Details
    • $35 SF/Yr

      Retail/Office Development with Drive-Thru

      Retail and office spaces with drive-thru opportunity in Buckley, WA.
      Xxx Sr 410 E, Buckley, WA 98321
      View Details
    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.
    1684 Collins Rd
    Buckley, WA 98321
    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
    1684 Collins Rd, Buckley, WA, 98321
    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!