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Property profile & analytics
OFF-MARKET
Land

27631 Covington Way Covington, WA 98042

93,600 SF 19.74 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Land
Total area 93,600 SF
Lot 19.74 ac (859,874 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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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