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Property profile & analytics
OFF-MARKET
Estimated value
$13,830,000
Warehouses
12399 Northup Way, Bellevue, WA 98005-1937
Entity Owned
~
Est. High Equity
Property ID
US90-2285932
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2016
Construction
CONCRETE
Total area
139,709 SF
Lot
1.22 ac (53,191 SF)
Zoning code
BR-OR
APN
282505-9316
UPID
US90-2285932
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
West Coast Self-Storage Bellevue Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.83M
Owner & transaction history
Psi Atlantic Bellevue Wa LLC
Psi Atlantic Bellevue Wa LLC
since 2026
7 recorded transactions
Zoning & alternative use
BR-OR · Bellevue, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bellevue submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bellevue submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$99 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$227,930
Tax year 2022
Assessed value
$32,236,500
Assessed 2022
Previous assessed
$32,236,500
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$5,319,100
Assessed improvement
$26,917,400
Land market value
$5,319,100
Improvement market value
$26,917,400
Total market value
$32,236,500
Applied tax rate
330.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2016
Construction
CONCRETE
Heating
FORCED AIR
Stories
4
Total area
139,709 SF
Lot
1.22 ac (53,191 SF)
Zoning code
BR-OR
APN
282505-9316
UPID
US90-2285932
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
BR-OR · Bellevue, WA
Zoning BR-OR · permitted uses
BR-OR · Bellevue, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bellevue. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2016
Construction
CONCRETE
Heating
FORCED AIR
Stories
4
Lot
1.22 ac
Current owner
From public records · entity-resolved
Psi Atlantic Bellevue Wa LLC
Entity
Mailing address
3390 AUTO MALL DR, WESTLAKE VILLAGE, CA 91362-3629
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2026
$50,661,000
Psi Atlantic Bellevue Wa LLC
Bellevue Storage LLC
Special Warranty Deed
related
—
Oct 1, 2020
—
Bellevue Storage LLC
—
Deed
related
$15,000,000 · Allianz Life Insurance Company Of North
Sep 27, 2018
—
Bellevue Storage LLC
—
Deed
related
$13,000,000 · Miscellaneous Ins Co
Oct 27, 2014
$2,234,000
Bellevue Storage LLC
Northwest Dev Portfolio-northu
Grant Deed
—
Aug 30, 2007
$2,175,000
Northwest Dev Portfolio-northu
Coe S M & J Living Trust
Warranty Deed
—
Jan 17, 2007
—
Coe S M & J Living Trust
Coe,sherman M & Jayne R
Quit Claim Deed
related
—
Sep 8, 2000
—
Sherman M Coe
Epc Holdings Xii LLC
Grant Deed
related
—
Jun 15, 2000
—
Sherman M Coe
Epc Holding Xii LLC
Grant Deed
related
—
May 16, 2000
$1,922,220
Epc Holdings Xii LLC
Santa,mick C
Grant Deed
related
$1,803,754 · Individual
Dec 29, 1999
$1,199,560
C Santa Mick
Shurgard Storage Centers INC
Grant Deed
$1,244,000 · Covenant Mortgage Corp
—
—
Sherman M Coe
—
Deed Of Trust
related
$1,000,000 · Commerce Bank Of Washington
—
—
Bellevue Storage LLC
—
Deed Of Trust
related
$13,000,000 · Miscellaneous Ins Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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