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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

272nd 185Th Ave Kent, WA 98042

187,388 SF
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Total area 187,388 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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