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Property summary
This exceptional retail property, located at 16735 SE 272nd St in Kent, WA 98042, offers 174,877 square feet of gross leasable area (GLA) within a single, one-story building constructed in 1997 and renovated in 2000. The property sits on a 14.5-acre lot and boasts ample parking with a 4/1000 ratio. Its strategic location at the intersection of SE 272nd Street and 168th PL SE benefits from a combined daily traffic count of 48,610 vehicles. The center enjoys convenient access to WA-18,… providing excellent visibility and accessibility for customers. This Class C property is zoned MC and features a Fred Meyer anchor tenant, ensuring a strong base of existing traffic. The property is ideal for retail and service-oriented tenants seeking a high-traffic location with established neighboring businesses including Costco, Safeway, and Kohl's. The maximum contiguous space available is 174,877 square feet, making it suitable for a variety of uses. The property includes all necessary power but does not have elevators. The APN is 362205-9007. This is a prime opportunity for investors seeking a well-located, established retail center in a thriving area.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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Official district profile
Mixed commercial MC is applied to the majority of the Covington downtown area This zone encourages a mix of commercial and multi story residential uses, public uses, and allows for large format and auto oriented retail
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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