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Property profile & analytics
OFF-MARKET Estimated value $20,340,000
Outlet malls

27520 Covington SE Way Covington, WA 98042-9100

157,632 SF 18.74 ac lot Built 2008
Entity Owned 18-yr Hold Free & Clear
Property ID
US90-0872706
Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2008
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 157,632 SF
Lot 18.74 ac (816,370 SF)
Zoning code MC
APN 362205-9022
UPID US90-0872706
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$20.34M
Owner & transaction history
Costco Wholesale Corp · 18 yrs held
Costco Wholesale Corp
since 2007
3 recorded transactions
2007
$10.1M
2007
$118,755
1996
$750,000
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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