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Property summary
The property at 12031 Northup Way in Bellevue, Washington consists of a retail center within a larger complex totaling over 92,000 square feet across three buildings. Individual retail spaces are approximately 1,625 square feet each and are described as newer build-outs that include an open retail showroom area with a back-of-house/service area. The site is positioned roughly 0.5 miles from a light rail station and the Spring District, with access to I-405 and SR 520, and it provides parking throughout the complex. Signage options include building-mounted signage and pylon signage. The site has infrastructure proposed for an 8-station Tesla Supercharger. The retail configuration is suitable for restaurant use, and the overall tenant mix in the complex includes a variety of food service, salon and personal services, medical/veterinary, retail, fitness/training, and specialty businesses.
Property profile
VerifiedCap rate & NOI
Current use
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Electronics & Wireless Store
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Electronics & Wireless Store Big Box & Wholesale Store
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Pet Store Pet Store & Service
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Production Facility
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(Bike/Boat/Book/etc) Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
BR-R · Bellevue, WAThe 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for BR-R in Bellevue, WA.
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