Property profile

27245 172nd SE Ave Covington, WA 98042

OFF-MARKET
Individual retail properties
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Property ID
US90-1579994
45,000 SF 3.99 ac Built 2008
Last sale Mar 2006·$3,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 14-yr Hold Held for 14 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

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?
$126k
Tax billed · 2022
Assessed value$10.26M
Assessed land$3.65M
Assessed improvement$6.61M
Effective rate1.22%

Value estimate

· Nov 2026
$1.00M
$900k – $1.10M
AI approach$780k
Submarket $/SF estimate$1.22M

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

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: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility10.5
Law Firm9.7
Laundry Service9.0

Location

27245 172nd SE Ave Covington, WA 98042-7350
County assessor Recorded deeds · 16 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 · 10 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
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

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

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