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    12001-12005 NE 12Th St Bellevue, WA 98005

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    For Sale
    Contact for pricing

    48,474 SF retail property on 2.69 acres for sale.

    Lot size:
    2.70 Acres

    Property Features for 12001-12005 NE 12Th St

    General Information

    Lot size
    2.70 Acres

    Source: Cushman & Wakefield Agent Adrienne Hunter

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

    Overview

    Redevelopment Opportunity in Bellevue, WA

    Brierwood Center presents a generational investment and redevelopment opportunity. This retail property encompasses 48,474 square feet and is situated on 2.69 acres, equivalent to 117,403 square feet. The property is currently 100% leased. The Net Operating Income in CY 2024 was $840,117. Located in the Wilburton neighborhood, considered the gateway to downtown Bellevue, the site offers immediate cash flow and significant redevelopment potential.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    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

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    FAQs

    What type of property is this?
    Shopping center - 48,474 SF retail property on 2.69 acres for sale.
    Where is this shopping center located?
    The property is located at 12001-12005 NE 12Th St Bellevue, WA.
    What are key features of this property?
    This property features: - Generational investment and redevelopment opportunity.; - 100% leased retail property.; - Immediate cash flow with **$840,117 Net Operating Income in CY 2024**.
    (206) 387-5426
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    12001-12005 NE 12Th St 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
    12001-12005 NE 12Th St Bellevue, WA 98005
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