Financial
Distress signals
Property profile

12021 Northup Way Bellevue, WA 98005

OFF-MARKET
Other industrial properties
Property ID
US90-0914558
19,885 SF 0.97 ac lot Built 1983
Last sale Sep 2021 · $42,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Northup Center, Suite A204, is a 2,200-square-foot retail space within a multi-building shopping center totaling more than 92,000 square feet across three buildings. The suite includes access to building signage and pylon signage within the complex, supporting visibility from within the center. The property is located at 12021 Northup Way in Bellevue, approximately 0.5 miles from the Light Rail station and the Spring District, and offers regional connectivity via I-405 and SR 520. The center

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$57k
Tax billed · 2022
Assessed value$8.04M
Assessed land$3.59M
Assessed improvement$4.44M
Effective rate0.71%

Value estimate

· Sep 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

Recently sold

What actually traded nearby?
$381/SF
County average, outlier-cleaned · 166 recorded sales of this use type
Observed band · Q1–Q3$192 – $604
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
BR-R
The purpose of the BelRed-R Land Use District is to provide an area for residential uses. Limited retail and service uses are permitted s...
General categoryCOMMERCIAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Garden Center
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Garden Center11.4
Grocery Store10.2
Convenience Store9.9

Location

12021 Northup Way Bellevue, WA 98005-1931
County assessor Recorded deeds · 6 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
13045 32nd, Bellevue, WA 98005-4407 $6,450,000 Jan 2024 15,575 SF
12802 Bel Red, Bellevue, WA 98005-2603 $7,500,000 Jul 2023 15,892 SF
13222 30th, Bellevue, WA 98005-4459 $12,300,000 Apr 2022 12,032 SF
12031 Northup, Bellevue, WA 98005-1916 $42,000,000 Sep 2021 21,280 SF
13630 20th, Bellevue, WA 98005 $16,250,000 Dec 2019 16,068 SF
12880 21st, Bellevue, WA 98005-1910 $3,800,000 Mar 2019 17,600 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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