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    272nd 185Th Ave Kent, WA 98042

    Sponsored
    For Lease
    Contact for pricing

    Prime Kent, WA retail space. Home Depot anchored.

    Lot size:
    187,388 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Covington Esplanade offers exceptional retail and restaurant opportunities in the thriving Covington/Maple Valley submarket of King County, Washington. This Home Depot-anchored center boasts a total of 187,388 square feet, with 9,784 square feet currently vacant and divisible into spaces ranging from 2,043 to 4,569 contiguous square feet. Three spaces are immediately available, ideal for a variety of commercial uses. The property is strategically located at the intersection of SE 272nd St. and 185th Ave in Kent, WA, zip code 98042, providing excellent visibility and accessibility. Its location on SE 272nd St (Highway 516), less than a mile from Highway 18, ensures convenient access for customers and employees. The center benefits from a strong consumer base with high discretionary income, fueled by the proximity to major employers such as Boeing, REI, and Alaska Airlines. Ample parking is available with 751 spaces. This is a rare opportunity to establish a presence in a vibrant, high-traffic retail center within a rapidly growing area. Former restaurant space is available.

    Property Features for 272nd 185Th Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    187,388 SF

    Unit(s) available at that property

    Space
    Suite 14A
    Size
    2,043 SF
    Space
    Suite 19
    Size
    4,569 SF
    Space
    Suite 10
    Size
    3,172 SF

    HighLights

    • 187,388 square feet of gross leasable area (GLA)
    • 751 parking spaces
    • Located in the Seattle‑Tacoma‑Bellevue, WA MSA
    • See kimcorealty.com/118620 for more details
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Spa & Massage Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Hotel & Motel Kitchen & Bath Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Kent
    County
    King
    State
    Washington
    Longitude
    -122.097071
    Latitude
    47.358822

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    FAQs

    What type of property is this?
    Restaurant - Prime Kent, WA retail space. Home Depot anchored.
    Where is this restaurant located?
    The property is located at 272nd 185Th Ave Kent, WA.
    What are key features of this property?
    This property features: 187,388 square feet of gross leasable area (GLA); 751 parking spaces; Located in the Seattle-Tacoma-Bellevue, WA MSA
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    272nd 185Th Ave Kent, WA 98042
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    Kent, 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
    272nd 185Th Ave Kent, WA 98042
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