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Property profile & analytics
OFF-MARKET Estimated value $545,000
Turn key restaurants

17024 272nd St Covington, WA 98042-7355

4,997 SF 0.49 ac lot Built 2004
Entity Owned 21-yr Hold ~ Est. High Equity
Property ID
US90-3260361
Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2004
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,997 SF
Lot 0.49 ac (21,281 SF)
Zoning code MC
APN 252205-9153
UPID US90-3260361
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
$400k
CAP Approach CAP
by Request
Comparable Approach Comparable
$694k
Blend (final) Blend
$545k
Owner & transaction history
E & M Covington LLC · 21 yrs held
E & M Covington LLC
since 2005
7 recorded transactions
2026
Price N/A
2014
Price N/A
2013
Price N/A
2011
Price N/A
2005
Price N/A
2005
Price N/A
2004
$880,000
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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