Property profile

17023 SE 272Nd St Covington, WA 98042

FOR LEASE
Retail space
Saved · see the list in your Dashboard
Property ID
US90-0831486
131,765 SF 13.22 ac Built 1986
Last sale Mar 2018·$42,290,300
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon
17023 SE 272Nd St, Covington, WA 98042 For Lease
Contact for pricing 2,940 SF available
17023 SE 272Nd St, Covington, WA 98042
View Listing

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?
$463k
Tax billed · 2022
Assessed value$39.33M
Assessed land$9.21M
Assessed improvement$30.12M
Effective rate1.18%

Value estimate

· Nov 2026
$30.47M
$27.42M – $33.51M
CAP approach$29.76M

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?
TC
Town center TC is the pedestrian oriented core of downtown and allows the most intensive level of development The emphasis of this zone i...
General categoryMIXED_USE
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 Firm12.5
Parking Facility12.2
Auto Repair Shop11.2

Location

17023 SE 272Nd St Covington, WA 98042
County assessor Recorded deeds · 12 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

4 recorded sales · 9 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
16405 272nd, Covington, WA 98042-8211 $1,916,666 Apr 2020 396 SF
27103 185th SE, Covington, WA 98042-8419 $37,370,564 Nov 2019 4,520 SF
27112 167th SE, Covington, WA 98042-7378 $25,032,000 Sep 2019 4,014 SF
15209 272nd, Kent, WA 98042-4223 $2,168,000 Aug 2019 2,479 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
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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