Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    28411 Covington SE Way Covington, WA 98042-9134

    • Commercial land
    • 11.28 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jan 10, 2023
    $7,440,000
    Location Intelligence
    Property ID
    US90-2460397
    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

    • Commercial land

    Property Details for 28411 Covington SE Way

    Lot size
    11.28 lot acres
    Zone code
    I
    Property type
    Commercial land
    APN
    352205-9019
    APU
    3522059019

    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
    -122.127
    Latitude
    47.3491
    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
    $35,027
    $2,702,400
    $0.00
    $2,702,400
    -
    $2,702,400
    $0.00
    $2,702,400

    Comparable in this City

    • Value Estimation by Request
      0.56 Acres

      Kent, WA 98042

      VACANT COMMERCIAL LAND • 0.56 Acres
      Kent, WA 98042
      View Details
    • Value Estimation by Request
      2.01 Acres

      Kent, WA 98042

      VACANT COMMERCIAL LAND • 2.01 Acres
      Kent, WA 98042
      View Details
    • Value Estimation by Request
      0.23 Acres

      Kent, WA 98042

      VACANT COMMERCIAL LAND • 0.23 Acres
      Kent, WA 98042
      View Details
    • Value Estimation by Request
      20.47 Acres

      28009 Covington SE Way

      VACANT COMMERCIAL LAND • 20.47 Acres
      28009 Covington SE Way, Covington, WA 98042-9133
      View Details
    • Value Estimation by Request
      0.56 Acres

      Kent, WA 98042

      VACANT COMMERCIAL LAND • 0.56 Acres
      Kent, WA 98042
      View Details
    • Value Estimation by Request
      0.15 Acres

      24015 132nd SE Ave

      VACANT COMMERCIAL LAND • 0.15 Acres
      24015 132nd SE Ave, Kent, WA 98042-5113
      View Details

    Similar Nearby for Sale

    • $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
    • $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
    • $1,350,000

      Kent Land with Development Potential

      3.82 acres of CC zoned land with development potential.
      15326 SE 272Nd St, Kent, WA 98042
      View Details
    • $1,050,000
      31,363 SF

      Ready to Build Pad Site

      Pad site near Covington Town Center development with utilities.
      SE Wax Rd, Covington, WA 98042
      View Details
    • 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
    • $1,500,000

      Covington Commercial Land Investment

      Prime 20,568 SF Commercial Lot
      27013 176Th Pl, Covington, WA 98042
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      36,900 SF

      Land Near Trader Joe's

      Undeveloped land suitable for retail uses near Trader Joe's.
      27006 132Nd Ave SE, Kent, 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
    • $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
      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
      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
    • Contact for pricing
      2,940 SF

      Retail Space in Covington, WA

      Retail space available for lease in Covington, Washington.
      17023 SE 272Nd St, Covington, WA 98042
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    28411 Covington SE Way
    Covington, WA 98042-9134
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.