1231 Red Fox Ln Freeland, WA 98249
This exceptional 5-acre commercial parcel in Freeland, Washington (APN: R229042505040) presents a unique opportunity for development. Located just minutes from downtown Freeland, yet offering a secluded feel, this property is ideally situated for various commercial ventures. Priced at $249,000 ($1.24/sq ft land value), it boasts significant advantages for immediate construction. Preliminary site preparation is complete, including clearing for a building and well site, with an approved Island County site registration. Utilities are conveniently located nearby, and power conduit is already installed. The road and driveway are also finished, eliminating significant upfront infrastructure costs. Two nearly new cabins/sheds are included on the site, providing immediate potential for temporary use or on-site storage. This turnkey property offers a rare blend of convenience and tranquility, making it an exceptional investment opportunity in the desirable Island County market. The property's 98249 zip code and precise location (48.0273166 latitude, -122.5526629 longitude) ensure easy access and visibility. Don't miss this chance to acquire a ready-to-develop commercial property in a thriving Island County location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.