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Property profile & analytics
OFF-MARKET
Land

150xx 272Nd St Covington, WA 98042

0.22 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 0.22 ac (9,670 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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