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Property profile & analytics
FOR LEASE
Turn key restaurants

16717 Se 272Nd St Covington, WA 98042

7,195 SF 0.53 ac lot Built 2008
Individually Owned 15-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US90-0610089
Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2008
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,195 SF
Lot 0.53 ac (23,028 SF)
Zoning code MC
APN 362205-9074
UPID US90-0610089
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
$430k
CAP Approach CAP
by Request
Comparable Approach Comparable
$943k
Blend (final) Blend
$685k
Owner & transaction history
Owner Name Unavailable · 15 yrs held
Owner Name Unavailable
since 2011
6 recorded transactions
2011
Price N/A
2011
$3.3M
2007
$400,000
2005
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
MC · Covington, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

(2) The mixed commercial district (MC) is applied to the majority of the Covington downtown zone. This district encourages a mix of commercial and multi-story residential uses, public uses, and allows for large-format and auto-oriented retail, provided they meet pedestrian-oriented design standards that are more flexible than those applied to the town center…

Zone name Mixed Commercial
General category COMMERCIAL
Zone area 224.56 ac
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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