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    1301 Yelm Ave Yelm, WA 98597

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    1301 Yelm Ave Yelm, WA 98597

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    • Commercial real estate
    • 4.74 lot acres
    For Sale
    $4,500,000
    View Listing →
    Retail Development Opportunity in Yelm For Sale
    $4,500,000
    6,650 SF

    Retail Development Opportunity in Yelm

    New retail development with ground lease and shop space.

    1301 E Yelm Ave, Yelm, WA
    View Listing
    Property ID
    US90-0343233
    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

    • Spooner Berry Farms / Food Processing Plant

    Property Details for 1301 Yelm Ave

    Lot size
    4.74 lot acres
    Property type
    Commercial real estate
    APN
    22730140300, 22730140400

    Description

    This exceptional 4.74-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of Yelm, Washington. Strategically located at 1301 E Yelm Ave (SR 510), this property boasts unparalleled visibility at the dominant intersection of Yelm Highway and Bald Hill Road, ensuring high traffic exposure for any commercial venture. The property is comprised of two lots: Lot 1, approximately 164,111 square feet, and Lot 2, approximately 42,375 square feet. Both lots are serviced by readily available water, utilities, and sewer connections, simplifying development and reducing upfront costs. The C1 commercial zoning allows for a wide variety of uses, providing flexibility for potential buyers. The property's APN numbers are 22730140300 and 22730140400. Situated in Thurston County, WA, with a 98597 zip code, this location offers easy access to major transportation routes and a growing community. This prime commercial land is priced at $4,500,000 and represents a significant opportunity for investors seeking high-visibility, well-serviced land in a rapidly developing area. Don't miss this chance to secure a prominent position in the heart of Yelm's commercial corridor.

    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
    Yelm
    County
    Thurston
    State
    Washington
    Longitude
    -122.59031002
    Latitude
    46.93331905

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      Two Acre Yelm Land Parcel

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      640,332 SF

      Land For Sale

      Land available for sale.
      14747 Berry Valley Rd SE, Yelm, WA 98597
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    • $225,000

      Picturesque Land with Utilities

      Nearly 10 acres of land with pasture and utilities.
      19836 161St Way SE, Yelm, WA 98597
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      Prime Commercial Land Opportunity

      5-acre commercial land with high traffic exposure in Yelm.
      10344 SE West Rd, Yelm, WA 98597
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      Two Acre Parcel Near Yelm

      Two acre parcel near Yelm city limits, ready to build.
      14602 SE Yelm Ave, Yelm, WA 98597
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      Waterfront Parcel with Lake Access

      Waterfront land with direct lake access and recreational amenities.
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    Similar Nearby for Lease

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      Commercial Land For Lease

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      Land For Sale Yelm

      Land available for sale in Yelm, Washington.
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      Commercial Land Near Walmart

      Commercial land for rent, drive-thru opportunity, adjacent to Walmart.
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      Land for rent in Yelm, Washington with 8,000 square feet.
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      Commercial Land Ready For Development

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      Class A Office Space Yelm

      Class A office space in Yelm with visibility.
      907 Yelm Ave W, Yelm, WA 98597
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    Yelm, WA 98597
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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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