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Property profile

16735 SE 272Nd St Covington, WA 98042

FOR LEASE
Outlet malls
Property ID
US90-3345254
174,877 SF 14.5 ac lot Built 1997
Last sale Oct 2011 · $700,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 15-yr Hold Held for 15 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

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,…

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?
$251k
Tax billed · 2022
Assessed value$17.53M
Assessed land$11.37M
Assessed improvement$6.16M
Effective rate1.43%

Value estimate

· Oct 2026
$22.02M
$19.81M – $24.22M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$392/SF
County average, outlier-cleaned · 399 recorded sales of this use type
Observed band · Q1–Q3$181 – $680

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?
MC
Mixed commercial MC is applied to the majority of the Covington downtown area This zone encourages a mix of commercial and multi story re...
General categoryCOMMERCIAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility11.2
Hotel & Motel10.5
Law Firm10.4

Location

16735 SE 272Nd St Covington, WA 98042
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

1 recorded sale · 6 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
27027 185th SE, Covington, WA 98042-8418 $37,370,564 Nov 2019 140,304 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
3 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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