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    1002 Lemmon Rd Port Angeles, WA 98362
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    1002 Lemmon Rd, Port Angeles, WA 98362

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    • Commercial real estate
    • 13.20 lot acres
    For Sale
    $550,000
    View Listing →
    Port Angeles Farm with Views For Sale
    $550,000
    6.38 Acres

    Port Angeles Farm with Views

    6+ acre farm with processing facility and stunning views.

    1002 Lemmon Rd, Port Angeles, WA 98362
    View Listing
    Property ID
    US90-2815808
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Redcoat Goats / Food Processing Plant

    Property Details for 1002 Lemmon Rd

    Lot size
    13.20 lot acres
    Property type
    Commercial real estate
    APN
    0530105114500000

    Description

    Exceptional investment opportunity awaits with this 13.2-acre property in Port Angeles, Washington. Boasting breathtaking views of the Straits of Juan de Fuca, Victoria Island, and the Olympic Mountains, this land presents a unique blend of agricultural potential and residential development possibilities. Previously a Washington State Department of Agriculture (WSDA) and Organic Tilth Certified Organic goat dairy farm, the property includes a fully operational dairy processing facility, a barn, and extensive fencing. The existing infrastructure significantly reduces the startup costs for potential agricultural ventures. Adding to its appeal, the property features 40 south-facing solar panels, providing a sustainable energy source and reducing operational expenses. Site preparation is complete for a three-bathroom home, with ample power already in place to support both residential construction and the addition of another barn. The property is zoned R5 and includes APN 0530105114500000. This fee-simple ownership offers a compelling combination of natural beauty, existing infrastructure, renewable energy, and development potential, making it ideal for agricultural pursuits, eco-tourism ventures, or residential development. The asking price is $849,950, with a land value of $1.47 per square foot.

    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
    Port Angeles
    County
    Clallam
    State
    Washington
    Longitude
    -123.3111758
    Latitude
    48.1051796

    Comparable in this City

    • $699,000
      92.63 Acres

      Expansive Acreage with Investment Potential

      92+ acres ideal for recreation, farming, or private estate.
      92+ Acres Headwaters Ln, Port Angeles, WA 98362
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    • $550,000
      6.38 Acres

      Port Angeles Farm with Views

      6+ acre farm with processing facility and stunning views.
      1002 Lemmon Rd, Port Angeles, WA 98362
      View Details
    • $125,000
      1.48 Acres

      Residential Land Near Highway 101

      1.47 acre residential parcel with easy highway access.
      9999 Levig Rd, Port Angeles, WA 98362
      View Details
    • $135,900
      0.50 Acres

      Half-Acre Parcel in Cedar Glen

      Residential land with PUD utilities and community drainfield access.
      9999 Cedar Glen Ln, Port Angeles, WA 98362
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    • $75,000
      9.85 Acres

      Waterfront Land with Views

      9.85-acre waterfront parcel with views of Victoria and San Juan Islands.
      9999 Highway 112 W, Port Angeles, WA 98362
      View Details
    • $150,000
      1.00 Acre

      Port Angeles Acre Ready to Build

      One-acre parcel ready for construction near Sequim and Port Angeles.
      2 Robinson Rd, Port Angeles, WA 98362
      View Details

    Similar Nearby for Sale

    • $699,000
      92.63 Acres

      Expansive Acreage with Investment Potential

      92+ acres ideal for recreation, farming, or private estate.
      92+ Acres Headwaters Ln, Port Angeles, WA 98362
      View Details
    • $550,000
      6.38 Acres

      Port Angeles Farm with Views

      6+ acre farm with processing facility and stunning views.
      1002 Lemmon Rd, Port Angeles, WA 98362
      View Details
    • $125,000
      1.48 Acres

      Residential Land Near Highway 101

      1.47 acre residential parcel with easy highway access.
      9999 Levig Rd, Port Angeles, WA 98362
      View Details
    • $135,900
      0.50 Acres

      Half-Acre Parcel in Cedar Glen

      Residential land with PUD utilities and community drainfield access.
      9999 Cedar Glen Ln, Port Angeles, WA 98362
      View Details
    • $75,000
      9.85 Acres

      Waterfront Land with Views

      9.85-acre waterfront parcel with views of Victoria and San Juan Islands.
      9999 Highway 112 W, Port Angeles, WA 98362
      View Details
    • $150,000
      1.00 Acre

      Port Angeles Acre Ready to Build

      One-acre parcel ready for construction near Sequim and Port Angeles.
      2 Robinson Rd, Port Angeles, WA 98362
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land for Lease

      Land available for lease in Port Angeles, Washington.
      317 Marine Dr, Port Angeles, WA 98362
      View Details
    • Contact for pricing
      1,545 SF

      Retail Space Near Highway 101

      Retail space with high visibility and highway access near downtown.
      121 S Del Guzzi Dr, Port Angeles, WA 98362
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    • Contact for pricing
      61,442 SF

      Port Angeles Retail Space Available

      8,800 SF retail space for lease in Port Angeles.
      1936 E 1St St, Port Angeles, WA 98362
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    • $1,000 /Mo
      400 SF

      Downtown Port Angeles Retail/Office Space

      400 SF commercial space in high-visibility downtown location.
      222 N Lincoln St, Port Angeles, WA 98362
      View Details
    • $2,000 /Mo
      1,980 SF

      Downtown Port Angeles Office/Retail Space

      Prime downtown Port Angeles office/retail space with ample parking.
      228 W 1St St, Port Angeles, WA 98362
      View Details
    • $1,250 /Mo
      750 SF

      Port Angeles Retail or Office

      Commercial space in downtown Port Angeles near Black Ball Ferry.
      222 N Lincoln St, Port Angeles, WA 98362
      View Details
    View Listing
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    Port Angeles, WA 98362
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    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
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