Financial
Distress signals
Property profile

12399 Northup Way Bellevue, WA 98005

OFF-MARKET
Warehouses
Property ID
US90-2285932
139,709 SF 1.22 ac lot Built 2016
Last sale May 2026 · $50,661,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

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?
$228k
Tax billed · 2022
Assessed value$32.24M
Assessed land$5.32M
Assessed improvement$26.92M
Effective rate0.71%

Value estimate

· Sep 2026
$13.83M
$12.45M – $15.21M

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$287/SF
County average, outlier-cleaned · 375 recorded sales of this use type
Observed band · Q1–Q3$185 – $465
Qualifying comparables6

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-OR
The purpose of the BelRed-OR Land Use District is to provide an area for a mix of office, housing and retail uses, with office as the pre...
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 Center10.5
Convenience Store9.1
Catering Service9.0

Location

12399 Northup Way Bellevue, WA 98005-1937
County assessor Recorded deeds · 12 transfers 6 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
13150 32nd, Bellevue, WA 98005-4436 $17,500,000 Feb 2025 38,271 SF
1500 124th NE, Bellevue, WA 98005-5177 $25,125,000 Mar 2023 79,974 SF
1239 120th NE, Bellevue, WA 98005-2133 $77,500,000 Dec 2021 79,840 SF
12121 Northup, Bellevue, WA 98005-1928 $42,000,000 Sep 2021 52,712 SF
12031 Northup, Bellevue, WA 98005-1916 $42,000,000 Sep 2021 21,280 SF
12021 Northup, Bellevue, WA 98005-1931 $42,000,000 Sep 2021 19,885 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 12399 Northup Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message