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    12901 Newcastle Way Newcastle, WA 98056

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    For Sale
    $2,495,000

    27,635 SF development site in Newcastle, Washington.

    Property Features for 12901 Newcastle Way

    General Information

    Standard status
    Active

    Source: CBRE Agent PETER WRIGHT

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Newcastle Development Site Opportunity

    The Newcastle Development Site presents a 27,635 square foot development opportunity in Newcastle, Washington, located just outside of Bellevue. The zoning is flexible, allowing a future purchaser to permit the parcel according to their specific needs. A detailed site plan and feasibility study have been prepared by the current owner. The site plan proposes 27 townhouse units averaging 1,680 square feet each, situated above a parking garage with 33 stalls and a 4,500 square-foot retail storefront.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newcastle
    County
    King
    State
    Washington
    Longitude
    -122.167508
    Latitude
    47.538028

    FAQs

    What type of property is this?
    Commercial land - 27,635 SF development site in Newcastle, Washington.
    Where is this commercial land located?
    The property is located at 12901 Newcastle Way Newcastle, WA.
    What is the asking price?
    The asking price for this property is $2,495,000.
    What are key features of this property?
    This property features: - Rare 27,635 square foot development opportunity.; - Located in Newcastle, just outside of Bellevue, Washington.; - Flexible zoning allows purchaser to permit the parcel to their specific needs.
    Request Owner's contact information
    12901 Newcastle Way Newcastle, WA 98056
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    12901 Newcastle Way
    Newcastle, WA 98056
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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
    12901 Newcastle Way Newcastle, WA 98056
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