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

    12001 NE 12Th St Bellevue, WA 98005

    For Sale
    Contact for pricing

    48,474 SF retail property in thriving Bellevue hub.

    Property Features for 12001 NE 12Th St

    General Information

    Zoning
    Bel-Red Commercial Residential (BR-CR)

    Source: Jim Bowles, SIOR Agent Jim Bowles, SIOR

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

    Overview

    Redevelopment Opportunity in Bellevue

    Brierwood Center is a 48,474 square foot retail property situated on 2.69 acres (117,403 SF) in the Wilburton neighborhood, considered the gateway to downtown Bellevue. The property is currently 100% leased and generated $840,117 in Net Operating Income in CY 2024. This property presents a generational investment and redevelopment opportunity, offering immediate cash flow with significant upside through redevelopment potential. The location benefits from abundant amenities, strong market fundamentals, exceptional transportation access, and its position as a premier development site.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Val's Mane Attraction Beauty Salon Mr. Tile & Stone ... Flooring Contractor Bellevue Cabinets Cabinet Store Jade Harbor Spa Massage Spa TP Nails and Spa Nail Salon

    Suggested Use

    Restaurant Law Firm Dental Office Hair Salon Spa & Massage Nail Salon Clothing Store Building Supply Pharmacy Daycare Center

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

    Similar Places Nearby

    Cameron Center, Bell-East Business Park, Wilburton Village, K Lash & Spa

    Location Insight

    • Map
    • Local Demand
    City
    Bellevue
    County
    King
    State
    Washington
    Longitude
    -122.1788069
    Latitude
    47.6200889

    Nearby Similar for Sale

    • Contact for pricing
      12 SF

      Bellevue Medical Office Investment Opportunity

      Fully leased medical office building in prime Bellevue location.
      11711 NE 12Th St, Bellevue, WA 98005
      View Details
    • $4,100,000
      9,240 SF

      Issaquah Retail/Office Building For Sale

      Retail/office building in Issaquah's Olde Town retail district.
      170 Front St N, Bellevue, WA 98027
      View Details
    • $1,600,000
      2,521 SF

      Medical Condo Near Overlake Hospital

      2,521 SF medical condo in Bellevue's medical corridor.
      1900 116Th Ave NE, Bellevue, WA 98004
      View Details
    • $640,000

      Downtown Bellevue Turnkey Restaurant Opportunity

      Turnkey restaurant in downtown Bellevue with full bar and patio.
      Bellevue, WA 98004
      View Details
    • Contact for pricing
      7,854 SF

      Bellevue Office Space Available Now

      Office suites available in Bellevue with flexible lease terms.
      1402 140Th Pl NE, Bellevue, WA 98007
      View Details
    • $2,740,000

      Multi-Tenant Commercial Asset For Sale

      Fully leased commercial property in Bellevue's Factoria neighborhood.
      4317 Factoria Blvd SE, Bellevue, WA 98006
      View Details

    FAQs

    What type of property is this?
    Shopping center - 48,474 SF retail property in thriving Bellevue hub.
    Where is this shopping center located?
    The property is located at 12001 NE 12Th St Bellevue, WA.
    What are key features of this property?
    This property features: - Immediate cash flow with $840,117 Net Operating Income in CY 2024.; - Significant redevelopment potential on 2.69 acres (117,403 SF).; - 100% leased 48,474 SF retail property.
    (206) 947-7103
    Request Owner's contact information
    12001 NE 12Th St Bellevue, WA 98005
    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.
    12001 NE 12Th St
    Bellevue, WA 98005
    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
    12001 NE 12Th St Bellevue, WA 98005
    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.