Property profile

12399 Northup Way Bellevue, WA 98005

OFF-MARKET
Warehouses
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Property ID
US90-2285932
139,709 SF 1.22 ac 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.
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. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

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

· Nov 2026
$13.83M
$12.45M – $15.21M

Realmo valuation models over county records and 13 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 comparables13

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 · 13 transfers 13 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 · 12 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
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Includes: Price & PSF · Cap rate · Location · Zoning

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