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    14507 141St Ln Yelm, WA 98597

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    14507 141St Ln Yelm, WA 98597

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    • Commercial real estate
    Off-Market
    Property ID
    US90-1517026
    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

    • Commercial real estate

    Property Details for 14507 141St Ln

    Property type
    Commercial real estate

    Description

    This exceptional 5.24-acre lot ($170,000) presents a rare opportunity to build a custom home in a desirable, gated community near Yelm, WA. Located on a quiet, dead-end road, this rectangular parcel boasts a 106-foot deep well, completed gopher study, survey, and wetlands delineation. A cleared building area is ready for construction, while the remaining land is wooded, offering privacy and natural beauty. An existing driveway is in place, simplifying development. The property is zoned RRR1/5 and benefits from protective covenants. Conveniently located with close access to Joint Base Lewis-McChord (JBLM) and Olympia, this secluded lot offers the perfect blend of country living and urban accessibility. Orange ribbon flags mark corners and some property lines. Don't miss this chance to create your dream estate in this coveted, nearly sold-out community.

    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
    -122.632918
    Latitude
    46.884099

    Comparable in this City

    • $4,995,000
      598,500 SF

      Mixed-Use Development Site For Sale

      13.74-acre mixed-use development site with pre-plat approval.
      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
    • Contact for pricing
      640,332 SF

      Land For Sale

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

      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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    • $225,000

      Picturesque Land with Utilities

      Nearly 10 acres of land with pasture and utilities.
      19836 161St Way SE, Yelm, WA 98597
      View Details
    • $55,000

      Residential Lot in Gated Community

      Land with utilities and community amenities for recreational or residential use.
      17533 E Clear Lake Blvd, Yelm, WA 98597
      View Details

    Similar Nearby for Sale

    • $4,995,000
      598,500 SF

      Mixed-Use Development Site For Sale

      13.74-acre mixed-use development site with pre-plat approval.
      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
    • 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

      Prime Commercial Land Opportunity

      5-acre commercial land with high traffic exposure in Yelm.
      10344 SE West Rd, Yelm, WA 98597
      View Details
    • $225,000

      Picturesque Land with Utilities

      Nearly 10 acres of land with pasture and utilities.
      19836 161St Way SE, Yelm, WA 98597
      View Details
    • $55,000

      Residential Lot in Gated Community

      Land with utilities and community amenities for recreational or residential use.
      17533 E Clear Lake Blvd, Yelm, WA 98597
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land For Lease

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

      Land For Sale Yelm

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

      Commercial Land Near Walmart

      Commercial land for rent, drive-thru opportunity, adjacent to Walmart.
      16930 State Route 507 SE, 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
    • $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
    • $1,321 /Mo
      587 SF

      Professional Office Suite in Yelm

      Highly visible office suite in central Yelm available for rent.
      14718 Tahoma Blvd SE, Yelm, WA 98597
      View Details
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    14507 141St Ln
    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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