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    27631 Covington Way Covington, WA 98042

    Sponsored
    For Sale
    Contact for pricing

    93,600 SF Industrial Building, 19.74 Acres

    Property size:
    93,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Covington, WA industrial property offers a substantial 93,600-square-foot building on a sprawling 19.74-acre lot. The building features 2,500 square feet of spec office space, plus an additional 2,500 square feet of mezzanine space, expandable up to 5,000 square feet. A significant 7.85-acre yard (342,146 square feet) provides ample space for operations. The property boasts impressive loading capabilities with 32 dock-high doors and 2 ground-level doors, and a 32-foot clear height. Parking is abundant, with 358 trailer stalls and 115 auto stalls. The site is strategically located with excellent visibility from Highway 18. Building features include a 6-inch concrete slab, an ESFR sprinkler system, and LEED certification. The property benefits from a 52' x 60' typical column spacing. The entire site can be fenced for enhanced security. No local B&O tax applies. Owner-user sale may be considered. This property is ideal for businesses seeking a large, well-equipped industrial space in a prime location. The property is zoned for industrial use and is located in King County, WA, zip code 98042, at 27631 Covington Way SE.

    Property Features for 27631 Covington Way

    General Information

    Property type
    Land
    Square Feet
    93,600 SF
    Lot Size
    859,874 SF

    HighLights

    • 93,600 SF building (96,100 SF including 2,500 SF spec office & 2,500 SF expandable mezzanine).
    • 7.85‑acre yard (342,146 SF).
    • 32 dock‑high doors and 2 ground‑level doors.
    • 32' clear height.
    • 358 trailer stalls and 115 auto parking stalls.
    • 19.74‑acre lot, fully fenceable.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    King
    State
    Washington
    Longitude
    -122.1251772
    Latitude
    47.3536354

    Nearby Comparable

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      19.74 acres near Highway 18, South King County.
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    Nearby Similar for Sale

    • Contact for pricing

      Covington Industrial Land for Sale

      19.74 acres near Highway 18, South King County.
      27631 Covington Way SE, Covington, WA 98042
      View Details
    • $4,400,000

      Covington Plaza Retail Opportunity

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      View Details

    FAQs

    What type of property is this?
    Land - 93,600 SF Industrial Building, 19.74 Acres
    Where is this land located?
    The property is located at 27631 Covington Way Covington, WA.
    What are key features of this property?
    This property features: 93,600 SF building (96,100 SF including 2,500 SF spec office & 2,500 SF expandable mezzanine).; 7.85-acre yard (342,146 SF).; 32 dock-high doors and 2 ground-level doors.
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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
    27631 Covington Way Covington, WA 98042
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