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    Property profile & analytics

    27623 Covington SE Way Covington, WA 98042-9137

    • Industrial properties
    • 10,192 SF
    • 1.98 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Apr 08, 2022
    Location Intelligence
    Property ID
    US90-1744069
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Industrial properties

    Property Details for 27623 Covington SE Way

    Year built
    1986
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.98 lot acres
    Property size
    10,192 SF
    Zone code
    GC
    Property type
    Industrial properties
    APN
    362205-9033
    APU
    3622059033

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    King
    State
    Washington
    Longitude
    -122.123
    Latitude
    47.3533
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $46,483
    $1,294,200
    $2,386,600
    $3,680,800
    -
    $1,294,200
    $2,386,600
    $3,680,800

    Comparable in this City

    • Value Estimation by Request
      19.74 Acres

      27631 Covington Way

      Land • 93,600 SF
      27631 Covington Way, Covington, WA 98042
      View Details
    • Value Estimation by Request
      0.53 Acres

      Kent, WA 98042

      INDUSTRIAL (GENERAL) • 0.53 Acres
      Kent, WA 98042
      View Details
    • Value Estimation by Request
      13,586 SF

      14422 260th St

      INDUSTRIAL (GENERAL) • 13,586 SF
      14422 260th St, Kent, WA 98042-3619
      View Details
    • Value Estimation by Request
      50,560 SF

      15610 272Nd St

      Self storage facilities • 50,560 SF
      15610 272Nd St, Kent, WA 98042
      View Details
    • Value Estimation by Request
      90,480 SF

      27115 164th SE Ave

      MINI-WAREHOUSE, STORAGE • 90,480 SF
      27115 164th SE Ave, Covington, WA 98042-8240
      View Details
    • Value Estimation by Request
      20,320 SF

      15460 272nd St

      MINI-WAREHOUSE, STORAGE • 20,320 SF
      15460 272nd St, Kent, WA 98042-4231
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      19.74 Acres

      Covington Industrial Center

      93,600 SF Industrial Building, 19.74 Acres
      27631 Covington Way, Covington, WA 98042
      View Details
    • Contact for pricing

      Covington Industrial Land for Sale

      19.74 acres near Highway 18, South King County.
      27631 Covington Way SE, Covington, WA 98042
      View Details
    • $769,000

      Land in Town Center Zoning

      Land suitable for day care, office, or mixed-use development.
      17018 SE Wax Rd, Covington, WA 98042
      View Details
    • $99,950
      721 SF

      Remodeled Single-Wide Home with Sunroom

      Remodeled single-wide home featuring new appliances, sunroom, and walking trail.
      15232 SE 272Nd St, Kent, WA 98042
      View Details
    • $1,500,000
      20,568 SF

      Professional Office Land Available

      Land with permits imminent, adjacent to Walmart entrance.
      27013-27019 176Th Pl SE, Covington, WA 98042
      View Details
    • $279,500
      2.51 Acres

      Kent 2.51-Acre Residential Land

      Build your dream home on this peaceful, fenced lot.
      228xx 178Th Ave, Kent, WA 98042
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      247,409 SF

      Class A Industrial Building

      247,409 SF industrial building with excellent highway access.
      28009 Covington Way SE, Covington, WA 98042
      View Details
    • Contact for pricing
      12,536 SF

      Kent Warehouse Space Available

      12,536 SF warehouse with office space in Kent, WA.
      22012-22014 S 220Th St, Kent, WA 98042
      View Details
    • Contact for pricing
      1,242 SF

      Kent Flex Space For Rent

      High-quality business park with flexible floor plans and expansion options.
      6613 S 192Nd Pl, Kent, WA 98042
      View Details
    • Contact for pricing
      2,043 SF

      Retail Space in Covington, WA

      Retail property available for lease in Covington, Washington.
      27027-27193 185Th Ave SE, Covington, WA 98042
      View Details
    • $3,700 /Mo
      2,550 SF

      Maple Hills Home with Modern Amenities

      Spacious 4-bedroom home in Maple Hills, available for rent.
      20438 SE 256Th St, Covington, WA 98042
      View Details
    • Contact for pricing
      1,531 SF

      Retail Space in Kent, WA

      Retail space available for rent in Kent, Washington.
      16735 SE 272Nd St, Kent, WA 98042
      View Details
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    Covington, WA 98042-9137
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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