Financial
Distress signals
Property profile

15423 272nd St Kent, WA 98042

OFF-MARKET
Other commercial real estate
Property ID
US90-0730176
18,528 SF 0.88 ac lot Built 2006
Last sale Apr 2024 · $200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A retail property located in Kent at Lake Meridian Station, positioned along State Route 516 with access to State Route 18. The building has ample on-site parking and is configured for retail use, with pylon sign space available for identification. Two ground-floor commercial suites are referenced: Suite 107 with approximately 3,095 square feet and Suite 103 with approximately 1,000 square feet, with each suite including one private office. The property is subject to NNN (triple-net) cost

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$69k
Tax billed · 2024
Assessed value · 2023$5.83M
Assessed land$788k
Assessed improvement$5.04M
Effective rate1.18%

Value estimate

· Sep 2026
$200k
$180k – $220k
AI approach$200k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$346/SF
Submarket average, outlier-cleaned · 36 recorded sales of this use type
Observed band · Q1–Q3$101 – $486

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CC
The purpose of the CCdistrictis to provide areas for limited commercial activities that serve several residential neighborhoods
General categoryCOMMERCIAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm14.7
Dental Office12.5
Parking Facility11.5

Location

15423 272nd St Kent, WA 98042-4212
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
17615 272nd, Covington, WA 98042-4957 $4,100,000 Jan 2026 11,484 SF
13215 240th, Kent, WA 98042-5120 $7,200,000 Oct 2022 8,760 SF
27149 185th SE, Covington, WA 98042-8423 $37,370,564 Nov 2019 18,088 SF
27115 185th SE, Covington, WA 98042-8449 $37,370,564 Nov 2019 11,080 SF
27081 185th SE, Covington, WA 98042-8448 $37,370,564 Nov 2019 9,560 SF
27116 167th SE, Covington, WA 98042-7341 $25,032,000 Sep 2019 13,324 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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