272nd 185Th Ave Kent, WA 98042
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.