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    12121 Northup Way Bellevue, WA 98005

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    For Lease
    $26 SF/Yr ($3,512 /Mo)

    Retail space available near future light rail station and Meta.

    Property size:
    1,621 SF
    Lot size:
    4.20 Acres

    Property Features for 12121 Northup Way

    General Information

    Size
    1,621 SF
    Lot size
    4.20 Acres

    Source: Skyline Properties, Inc Agent Nanling Chen

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

    Overview

    Bellevue Retail Space For Rent

    Located at 12121 Northup Way in Bellevue, WA, Northup Center offers a retail space of 1,621 square feet, available from September 1, 2025, or possibly sooner. The property is situated 0.5 miles from a future light rail station and the Spring District, where META/Facebook is expected to house over 20,000 employees. The complex consists of over 92,000 square feet across three buildings, with convenient access to I-405 and SR 520. Generous parking is available throughout the complex, and building and pylon signage opportunities exist. An 8-unit TESLA Supercharger Station is planned for the site. The location is suitable for a restaurant to serve the employees of META/Facebook. Current tenants include Subway, Mollie Michelle Boutique Salon, Quality Sleep Mattress Store, Veterinary Hospital, Systems Unlimited, Midnight Window Tint, Home Story Bellevue, Mallory Paint Store, Elevate Sporting, Athletic Training Institute, and Tap Plastics. The center is looking for a Chai Restaurant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Reflection by Diane Hair Salon Corinne Bauer Skincare Skin Care Clinic Da Vinci Aesthetic ... Skin Care Clinic Bespoke Tint & PPF Window Tinting Service Stargazers Soul Gallery Metaphysical Supply Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bellevue
    County
    King
    State
    Washington
    Longitude
    -122.1789858
    Latitude
    47.630402

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    FAQs

    What type of property is this?
    Retail space - Retail space available near future light rail station and Meta.
    Where is this retail space located?
    The property is located at 12121 Northup Way Bellevue, WA.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: - Prime location: just 0.5 miles from Light Rail Station and Spring District, future home to 20,000+ META/Facebook employees.; - High-traffic retail location in Bellevue.; - Ideal for a restaurant catering to the large employee base of META/Facebook.
    (425) 455-2065
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    12121 Northup Way Bellevue, WA 98005
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    Bellevue, WA 98005
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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
    12121 Northup Way Bellevue, WA 98005
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