Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2114x 212Th Ave Maple Valley, WA 98038

    • Land
    • 2.58 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2114x 212Th Ave

    Lot size
    2.58 lot acres
    Property type
    Land

    Description

    This exceptional 2.581-acre lot in Maple Valley, WA (Lot #2 of two), presents a rare opportunity to build a custom home or develop a high-end residential property. Located in King County, zip code 98038, this prestigious land boasts a gated entry and private driveway shared with three other exclusive properties. The property is zoned residential and features mature trees, offering privacy and a tranquil setting. Utilities (water, power, and phone) are readily available at the street. A topography survey is available for review. The lot has previously been perked. This prime location offers easy access to Issaquah, Renton, and Maple Valley, with convenient proximity to freeways, schools, and major retailers like Costco, Fred Meyer, and Safeway. The Tahoma School District serves this area. The asking price is $579,000, translating to $5.15 per square foot of land. Don't miss this chance to create your dream estate in a highly desirable neighborhood of custom homes.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Maple Valley
    County
    King
    State
    Washington
    Longitude
    -122.06
    Latitude
    47.4127

    Comparable in this City

    • Value Estimation by Request
      2.70 Acres

      21xxx 212Th Ave

      Land • 2.70 Acres
      21xxx 212Th Ave, Maple Valley, WA 98038
      View Details
    • Value Estimation by Request
      12.64 Acres

      172xx Renton Maple Valley Rd

      Land • 12.64 Acres
      172xx Renton Maple Valley Rd, Maple Valley, WA 98038
      View Details
    • Value Estimation by Request
      4.97 Acres

      26427 196Th St

      Farms • 4.97 Acres
      26427 196Th St, Maple Valley, WA 98038
      View Details
    • Value Estimation by Request
      0.03 Acres

      Maple Valley, WA 98038

      VACANT COMMERCIAL LAND • 0.03 Acres
      Maple Valley, WA 98038
      View Details
    • Value Estimation by Request
      0.03 Acres

      Maple Valley, WA 98038

      VACANT COMMERCIAL LAND • 0.03 Acres
      Maple Valley, WA 98038
      View Details
    • Value Estimation by Request
      0.58 Acres

      Maple Valley, WA 98038

      VACANT COMMERCIAL LAND • 0.58 Acres
      Maple Valley, WA 98038
      View Details

    Similar Nearby for Sale

    • $107,500

      Lynnwood Home in Mobile Park

      Home in all-ages mobile park near Alderwood Mall.
      5920 200Th St SW, Lynnwood, WA 98038
      View Details
    • $450,000
      1,782 SF

      Triple-Wide Home in 55+ Community

      Spacious home with amenities in a gated 55+ community.
      21628 SE 272Nd Pl, Maple Valley, WA 98038
      View Details
    • $2,400,000
      8,320 SF

      Riverwood Plaza: Maple Valley Investment

      Multi-tenant retail/office building, high traffic location.
      21505 Renton-Maple Vly Rd, Maple Valley, WA 98038
      View Details
    • $895,000
      3,216 SF

      Retail/Office Space with Shop/Warehouse

      Retail/office space with detached shop/warehouse and fenced yard/parking.
      22805 SE 216Th Way, Maple Valley, WA 98038
      View Details
    • $3,760,000
      13,824 SF

      Maple Valley Automotive Investment Opportunity

      Net-leased auto body repair and towing property in Maple Valley.
      23821 SE 264Th St, Maple Valley, WA 98038
      View Details
    • $3,760,000

      Maple Valley Auto Shop Investment

      Prime location auto shop with corporate lease and renewal.
      23765-23831 SE 264Th St, Maple Valley, WA 98038
      View Details

    Similar Nearby for Lease

    • $0.18 SF/Yr

      Maple Valley Land for Lease

      Secured land near Highway 18, suitable for various uses.
      23056 Witte Rd SE, Maple Valley, WA 98038
      View Details
    • $38 SF/Yr
      908 SF

      Retail Space in Maple Valley

      Retail space available for lease in Maple Valley, Washington.
      26217 Maple Valley Black Diamond Rd SE, Maple Valley, WA 98038
      View Details
    • $50 SF/Yr
      3,250 SF

      Retail Space in Maple Valley

      Retail spaces available for lease in Maple Valley, WA.
      Maple Valley Black Diamond Rd SE, Maple Valley, WA 98038
      View Details
    • Contact for pricing
      1,690 SF

      Maple Valley Retail Space Available

      Retail space available for lease in Maple Valley, Washington.
      22117-22131 SE 237Th St, Maple Valley, WA 98038
      View Details
    • Contact for pricing
      1,255 SF

      Move-in Ready Office Space

      Office space featuring a mix of offices and open space.
      23175 224Th Pl SE, Maple Valley, WA 98038
      View Details
    • $35 SF/Yr
      2,395 SF

      Retail Space in Maple Valley

      Retail space available in a 12,312 SF building.
      26424 242Nd Ave SE, Maple Valley, WA 98038
      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.
    2114x 212Th Ave
    Maple Valley, WA 98038
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.