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Property profile & analytics
OFF-MARKET
Land

120xx May Creek Park Dr Newcastle, WA 98059

0.67 ac lot
Property ID
Property summary
AI-generated overview

This 0.671-acre (29,250 sq ft) residential lot in desirable Newcastle, WA (98059), presents a unique opportunity. Located at 120xx SE May Creek Park Dr, this beautifully wooded property features a seasonal creek. While offering a secluded, country-like feel, it enjoys convenient access to Bellevue and Renton. The lot is priced to sell, though building may present challenges due to slope and stream buffer; a RUE permit process is required for one home. Prospective buyers should consult with the city and a wetland consultant for detailed information regarding development. Utilities (sewer, water, electricity) are available at the street, and the area boasts paved roads, curbs, gutters, and sidewalks. Investors, builders, and developers may also find this property attractive, potentially for density credit transfer or mitigation purposes. The asking price is $119,500.

Property profile
Verified
Property type Land
Lot 0.67 ac (29,229 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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