1907 Olympic Highway N Shelton, WA 98584
47,929 Sq. Ft., 1.1 acres lot size / Industrial
Status: Active
Listing Courtesy of: David Hilbert - Real Estate 2000 Inc. +1 425 670 2000
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Welcome to Mountain View Park, located at 1907 Olympic Highway N, Shelton, WA 98584. $217,392 Gross Proforma, $116,992 Net Proforma, and a 6.496% Proforma Cap Rate. Net income has strong upside potential through sub-metering water and power, passing through garbage expenses, and transitioning to self-management. Current proforma assumes lease-up of vacant units and a 5% rent increase effective March 1, 2026 on 25 occupied units. The park includes 31 total units with city water and sewer: 30 mobile, RV, and cottage rentals, plus an office building with conversion potential. Currently, 25 units are rented, with 5 vacant units available to lease. Some vacant units require improvements before becoming operational. Don't miss this excellent opportunity to own an income-generating property with significant upside. Please view with discretion and do not disturb tenants. Thank you for your understanding.
property details
Type
Industrial
Status
Active
County
Mason
Lot Size
47,929 Sq. Ft., 1.1 acres
Listing Id
2503544
Courtesy Of
David Hilbert - Real Estate 2000 Inc. +1 425 670 2000
List Office Phone
+1 425 670 2000
Subdivision
Mountain View
Utility & Building Info
Parcel Number
320185121003
Heating
None
Architectural Style
Other
Based on information submitted to the MLS GRID as of 6/3/2026 12:00:00 AM (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID
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Price History
| date | event | price | source |
|---|---|---|---|
|
05/16/2026
05/16/2026
|
Active |
$1,699,900
|
NWMLS - Northwest MLS - Seattle |
|
04/14/2026
04/14/2026
|
Active |
$1,799,900
|
NWMLS - Northwest MLS - Seattle |
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Market Trends
Source: Constellation1
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