Property profile

28411 Covington SE Way Covington, WA 98042

OFF-MARKET
Commercial land
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Property ID
US90-2460397
11.28 ac
Last sale Jan 2023·$7,440,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$35k
Tax billed · 2022
Assessed value$2.70M
Assessed land$2.70M
Effective rate1.30%

Value estimate

· Nov 2026
$7.33M
$6.59M – $8.06M
AI approach$6.73M

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?
I
Industrial I Regional Commercial Mixed-Use RCMU Covington Municipal Code 18.15.050 18-7 (Revised 12/14) 18.15.020 Zone and map designatio...
General categoryINDUSTRIAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop12.0
Law Firm11.7
Electrical Service11.5

Location

28411 Covington SE Way Covington, WA 98042-9134
County assessor Recorded deeds · 9 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 · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
27025 168th SE, Covington, WA 98042-4902 $500,000 Jun 2025 1,100 SF
16241 272nd, Covington, WA 98042-8212 $1,000,000 Apr 2025 1,960 SF
17705 272nd, Kent, WA 98042-4944 $825,000 Apr 2025 1,300 SF
Kent, WA 98042 $450,000 Dec 2023 No data
28009 Covington SE, Covington, WA 98042-9133 $11,195,732 Jul 2023 No data
Covington, WA 98042 $230,000 Mar 2022 No data
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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Includes: Price & PSF · Cap rate · Location · Zoning

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