Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    16930 Wa-507 Yelm, WA 98597
    Back to Search
    Property profile & analytics

    16930 Wa-507, Yelm, WA 98597

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

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 16930 Wa-507

    Lot size
    5.60 lot acres
    Property type
    Land

    Description

    This exceptional 5.6-acre commercial parcel presents a rare opportunity in the thriving Yelm, Washington market. Zoned for retail development, this property boasts a highly desirable location directly adjacent to a Walmart Supercenter, ensuring high visibility and significant foot traffic. The land is ideally suited for build-to-suit (BTS) projects, offering flexibility for various commercial ventures. A key advantage is the readily accessible sewer system, simplifying development plans. Furthermore, the property sits at a main access point for the future Yelm 510 Bypass Highway, anticipating increased traffic flow and accessibility upon the projected completion of the Stage 2 road extension in 2026 (refer to the provided WSDOT link for further details). The site's configuration also allows for the incorporation of drive-thru facilities, a highly sought-after feature for many retail businesses. This presents a unique ground-lease or outright sale opportunity for investors and developers seeking a strategic location within a rapidly growing community. The property is located at 16930 WA-507, Yelm, WA 98597, in Thurston County. This prime location offers unparalleled potential for significant return on investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Yelm
    County
    Thurston
    State
    Washington
    Longitude
    -122.58
    Latitude
    46.9344

    Comparable in this City

    • Value Estimation by Request
      2.20 Acres

      17041 Wa-507

      Land
      17041 Wa-507, Yelm, WA 98597
      View Details
    • Value Estimation by Request
      4.74 Acres

      1301 Yelm Ave

      Land
      1301 Yelm Ave, Yelm, WA 98597
      View Details
    • Value Estimation by Request

      14507 141St Ln

      Land
      14507 141St Ln, Yelm, WA 98597
      View Details
    • Value Estimation by Request
      5.12 Acres

      16731 Hwy 507

      Land
      16731 Hwy 507, Yelm, WA 98597
      View Details
    • Value Estimation by Request
      2.01 Acres

      Yelm, WA 98597

      INDUSTRIAL - VACANT LAND
      Yelm, WA 98597
      View Details
    • Value Estimation by Request
      0.54 Acres

      Yelm, WA 98597

      INDUSTRIAL - VACANT LAND
      Yelm, WA 98597
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      4.68 Acres Vacant Land Yelm

      4.68 acres of vacant land in rural Yelm.
      15818 153Rd Ave SE, Yelm, WA 98597
      View Details
    • Contact for pricing
      640,332 SF

      Land For Sale

      Land available for sale.
      14747 Berry Valley Rd SE, Yelm, WA 98597
      View Details
    • Contact for pricing

      Cougar Mountain Airstrip Parcel

      Land with territorial views and private airfield access.
      19441 Cougar Mountain Airport Rd SE, Yelm, WA 98597
      View Details
    • Contact for pricing

      100.5 Acres Timberland in Yelm

      100.5 acres of timberland with development potential in Yelm.
      173rd 173Rd Ave SE, Yelm, WA 98597
      View Details
    • $4,995,000
      598,500 SF

      Yelm Land Parcel For Sale

      Large land parcel available in Yelm, Washington.
      15010 Berry Valley Rd, Yelm, WA 98597
      View Details
    • Contact for pricing

      Two Acre Yelm Land Parcel

      Two acre parcel ready for development near Yelm, Washington.
      14526 SE Yelm Ave, Yelm, WA 98597
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Lease or Build

      Land available for lease or build to suit.
      907 Rhoton Rd NW, Yelm, WA 98597
      View Details
    • Contact for pricing
      8,000 SF

      Land Available For Rent

      Land for rent in Yelm, Washington with 8,000 square feet.
      17041 State Route 507 SE, Yelm, WA 98597
      View Details
    • Contact for pricing

      Commercial Land For Lease

      Commercial land available for lease.
      17041 Wa-507, Yelm, WA 98597
      View Details
    • Contact for pricing
      196,456 SF

      Yelm Commercial Land For Lease

      Commercial land available for lease in Yelm, Washington.
      907 Rhoton Rd NW, Yelm, WA 98597
      View Details
    • Contact for pricing
      243,936 SF

      Land with Drive-Thru Opportunity

      Commercial land available for lease with drive-thru potential.
      16930 State Route 507 SE, Yelm, WA 98597
      View Details
    • $18,303 /Mo
      7,321 SF

      Commercial Land Ready For Development

      Permit-ready commercial land with build-to-suit opportunities for lease.
      14788 Berry Valley Rd SE, Yelm, WA 98597
      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.
    16930 Wa-507
    Yelm, WA 98597
    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
    16930 Wa-507, Yelm, WA, 98597
    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!