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    27116 168Th Ave SE Covington, WA 98042

    For Lease
    $35 SF/Yr ($4,083 /Mo)

    Prime retail space in a high-traffic Covington location.

    Property size:
    1,400 SF
    Lot size:
    4.61 Acres

    Property Features for 27116 168Th Ave SE

    General Information

    Size
    1,400 SF
    Lot size
    4.61 Acres

    Source: First Western Properties - Tacoma, Inc. Agent Amanda Blackwood

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in Covington Place

    Located in Covington Place, this retail space benefits from a central position within Covington’s expanding commercial area. The property offers flexible space suitable for various business operations, featuring high visibility and convenient access from 168th Ave SE. Its location is characterized by substantial customer traffic, enhanced by the presence of well-known retailers, diverse dining establishments, and densely populated residential areas. The property has an estimated NNN of $12.54 per square foot and a property size of 1400 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    King
    State
    Washington
    Longitude
    -122.118374
    Latitude
    47.354199

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    FAQs

    What type of property is this?
    Retail space - Prime retail space in a high-traffic Covington location.
    Where is this retail space located?
    The property is located at 27116 168Th Ave SE Covington, WA.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in Covington's growing commercial district.; - High traffic area surrounded by retailers, dining, and residential neighborhoods.; - Excellent visibility and easy access from 168th Ave SE.
    (425) 531-3345
    Request Owner's contact information
    27116 168Th Ave SE Covington, WA 98042
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    Realmo Value Estimation

    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.

    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.

    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
    27116 168Th Ave SE Covington, WA 98042
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