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    150xx 272Nd St Covington, WA 98042

    • Land
    • 0.22 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 150xx 272Nd St

    Lot size
    0.22 lot acres
    Property type
    Land

    Description

    This unique 0.222-acre residential lot in Kent, Washington (98042), presents a compelling investment opportunity. Located at 150xx SE 272nd St, the property boasts a fully fenced perimeter and includes a substantial 400-square-foot building, previously utilized as a water pump station. While the building currently contains remnants of its former use (pumps and pipes), it is sold "as is." The property's convenient location offers easy access to Lake Meridian Park and major freeways. City water, power, and phone services are readily available at the street. However, sewer access is not immediate, necessitating the installation of a septic system for any future construction. The lot is zoned SR4.5; prospective buyers should consult the City of Kent regarding permitted uses. The property's 9680 square feet provide ample space for creative development. A property sign is forthcoming.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    King
    State
    Washington
    Longitude
    -122.141
    Latitude
    47.3583

    Comparable in this City

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      19.74 Acres

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      0.70 Acres

      14707 272Nd St

      Land • 0.70 Acres
      14707 272Nd St, Kent, WA 98042
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      0.80 Acres

      17018 Wax Rd

      Land • 1,290 SF
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    • Value Estimation by Request

      27013 176Th Pl

      Land
      27013 176Th Pl, Covington, WA 98042
      View Details

    Similar Nearby for Sale

    • $279,500
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      Kent 2.51-Acre Residential Land

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      19.74 Acres

      Covington Industrial Center

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    • $1,500,000

      Covington Commercial Land Investment

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    • $99,950
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      Remodeled Single-Wide Home with Sunroom

      Remodeled single-wide home featuring new appliances, sunroom, and walking trail.
      15232 SE 272Nd St, Kent, WA 98042
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      Professional Office Land Available

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    Similar Nearby for Lease

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      4,500 SF

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    • $30 SF/Yr
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      Kent Retail Space For Lease

      Retail spaces available in Kent's Lake Meridian Station.
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      247,409 SF

      Class A Industrial Building

      247,409 SF industrial building with excellent highway access.
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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
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