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Property profile & analytics
OFF-MARKET
Turn key restaurants

27193 185th SE Ave Covington, WA 98042-8419

5,164 SF 1.28 ac lot Built 2008
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US90-0691597
Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2008
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,164 SF
Lot 1.28 ac (55,812 SF)
Zoning code MC
APN 179631-0030
UPID US90-0691597
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
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Weingarten Nostat INC · 6 yrs held
Weingarten Nostat INC
since 2019
6 recorded transactions
2019
$37.4M
2016
Price N/A
2012
$31.3M
2010
Price N/A
2010
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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