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Property profile & analytics
FOR SALE
Fitness centers & gyms

12650-12718 Northup Way Bellevue, WA 98005

Property ID
US90-Q014959
12650-12718 Northup Way, Bellevue, WA 98005 For Sale
$16,800,000
12650-12718 Northup Way, Bellevue, WA 98005
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Property summary
AI-generated overview

3 sites/parcels 58,100 SF and 3 commercial buildings, Approx. 3 buildings 55,674 SF total. 12718,12708 and 12650 Northup Way, Bellevue, WA, 98005.Ironworks Gym and Vetco Electronics are the Anchor Tenants.12718 Northup Way, consists of 11,286 SF building, 19,600 SF site, 12708 Northup Way 14,077 SF building, 18,600 SF site, 12650 Northup Way, 12,069 SF building, 19,900 SF site. Total land/site size approx. 58,100 SF or 1.33 acres, Building combined 37,432 SF. Zoning CG with a 1.1 FAR or approx. 63,910 SF for a potential new building. The Tenant Narrative and income and expense available with a non disclosure agreement, These buildings were built and operated as a Family business, and partially occupied by the family. Either new construction or rehab of the buildings have excellent potential. LOCATION, LOCATION, LOCATION. Gorgeous views and proximity to Downtown Bellevue. Located in the Spring Arts district.Please view with discretion,

Property profile
Verified
Property type Fitness centers & gyms
UPID US90-Q014959
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
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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