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    17244 SE Wax Rd Covington, WA 98042

    For Lease
    $3,100 /Mo ($32 SF/Yr)

    Office space in high-traffic area near major retailers.

    Property size:
    1,130 SF
    Lot size:
    0.30 Acres

    Property Features for 17244 SE Wax Rd

    General Information

    Size
    1,130 SF
    Lot size
    0.30 Acres

    Source: First Western Properties - Tacoma, Inc. Agent Jacob Fors

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

    Overview

    High-Traffic Covington Office Space

    This office space is located on SE Wax Road, a high-traffic corridor with strong daily vehicle counts and consistent visibility. The property is situated minutes from major national retailers, including Costco, Walmart, The Home Depot, and Safeway, forming an established retail hub. Excellent accessibility is provided by quick access to Highway 18, connecting Covington to Kent, Auburn, and the greater Puget Sound region. The property is located right off of 272nd. Covington features a family-oriented community with solid median incomes and year-over-year population growth. The property offers 1130 square feet of space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    King
    State
    Washington
    Longitude
    -122.1113693
    Latitude
    47.3553649

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      Retail Space in High-Growth Covington

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      Restaurant Space with Full Buildout

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    FAQs

    What type of property is this?
    Office space - Office space in high-traffic area near major retailers.
    Where is this office space located?
    The property is located at 17244 SE Wax Rd Covington, WA.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: - High-Traffic Corridor on SE Wax Road provides consistent visibility.; - Excellent Accessibility with quick access to Highway 18 connecting to Kent, Auburn, and the Puget Sound region.; - Established Retail Hub, located minutes from major national retailers like Costco and Walmart.
    (253) 472-0404
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    17244 SE Wax Rd Covington, WA 98042
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    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
    17244 SE Wax Rd Covington, WA 98042
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