Property profile

15500 6th Penny Ln Newcastle, WA 98059

OFF-MARKET
Golf courses & driving ranges
Property ID
US90-1526906
42,500 SF 114.55 ac lot Built 1999
Entity Owned 9-yr Hold Free & Clear
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Property profile

Verified
Property type Golf courses & driving ranges
Use group COUNTRY CLUB
Year built 1999
Construction WOOD
Total area 42,500 SF
Lot 114.55 ac (4,989,798 SF)
Zoning code LOS
APN 272405-9013
UPID US90-1526906

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Theater & Performing Art Venue Nightclub
  • Golf Instructor
  • Golf Course
  • Golf Instructor
  • Grocery & Convenience Store Food Market

Location

15500 6th Penny Ln Newcastle, WA 98059-3086
Newcastle metro Census 25005 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$845k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.67M
Blend (final) Blend
$1.26M

Owner & transaction history

since 2016
1 recorded transaction
2016
$58.7M

Zoning & alternative use

LOS · Newcastle, WA
Zoning description

The purpose of the limited open space land use designation (LOS) is to provide and recognize areas of the city where substantial critical areas exist on private lands, at the same time recognizing the rights of property…

General category OPEN_SPACE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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