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Property summary
The property at 12121 Northup Way in Bellevue, Washington is a retail space within Northup Center, totaling 1,621 square feet. It is part of a larger complex of more than 92,000 square feet distributed across three buildings, with parking available throughout the center. The site is positioned about 0.5 miles from a planned light rail station and the Spring District, and provides access to Interstate 405 and State Route 520. The complex offers opportunities for building and pylon signage, and… it is planned to include an 8-unit Tesla Supercharger station. The space is configured for retail use and has been marketed for restaurant service to nearby office employees; existing tenants in the center include Subway, Mollie Michelle Boutique Salon, Quality Sleep Mattress Store, a veterinary hospital, Systems Unlimited, Midnight Window Tint, Home Story Bellevue, Mallory Paint Store, Elevate Sporting, Athletic Training Institute, and Tap Plastics.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with a plan.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.
Property tax · 2022
Value estimate
· Nov 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
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 · 12 properties nearbyComparable nearby
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 52,712 SF
- Lot area
- 2.16 ac
- Year built
- 1983
- Stories
- 2
- APN
- 282505-9299
- Zoning
- BR-R
- Assessed value · 2022
- $21,418,200
- Annual tax · 2022
- $151,445
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2022
- $151,445
- Selected cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
The purpose of the BelRed-R Land Use District is to provide an area for residential uses. Limited retail and service uses are permitted secondary to residential use, in order to provide the amenity of shopping and servic…
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with a plan - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
The mortgage data comes with a plan: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
Rey answers here. ChatGPT, Grok and Claude get the same data packet.
Includes: Price & PSF · Cap rate · Location · Zoning
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Still being built. It lands here next, beside the two above.
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