$4,890,000
Est. $24,778/mo12509 Ne Bel Red Road, Bellevue, WA 98005
• Listed 2026-03-10•14 days on market
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WPI Real Estate is pleased to present an exceptional opportunity to own 12509 NE Bel-Red Road, Bellevue, a prime, free-standing office building that is strategically positioned just one block from the Meta-anchored Spring District. Featuring highly versatile 'O' (Office) zoning, this asset accommodates a broad spectrum of permitted uses, including day care centers, professional offices, medical clinics, educational and religious facility. The property offers a rare, turnkey advantage: while currently 100% tenanted, the seller will secure early lease terminations, allowing an owner-user to occupy all or a portion of the space without the hassle or cost of tenant buyouts. Located at the epicenter of regional connectivity, the site is close to the Spring District and Wilburton Light Rail Stations, with immediate access to I-405 and SR-520 for effortless Puget Sound commuting. Positioned directly in the path of growth, the property will significantly benefit from upcoming changes to Bellevue’s Comprehensive Plan, which will allow for higher density, drive population growth, and inherently enhance the underlying long-term value of the site.
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12509 Ne Bel Red Road, Bellevue, WA 98005
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MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of May 29, 2026 at 11:35am (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2026 Northwest Multiple Listing Service. All rights reserved.
Equal Housing Opportunity. RexMont Real Estate is pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
Listed by TC Wu • WPI Real Estate Services, Inc.
Listing updated: May 29, 2026 at 11:35am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2490740
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Open Sat, Jun 13Bellevue is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells for about 1% below list price.
Time on market: The average home goes pending in around 3 days.
$2,800 Sold
5 weeks ago
2 bd•1 ba•Single Family
701 122nd Avenue Ne #102, Bellevue, WA 98005
0%
Over list
—
Days on market
0.4 mi
Distance
$1,440,000 Sold
5 weeks ago
3 bd•1.5 ba•~1,760 sq ft•Single Family
1165 129th Court Ne, Bellevue, WA 98005
0%
Under list
—
Days on market
0.4 mi
Distance
$3,850,000 Sold
6 weeks ago
5 bd•3.5 ba•~4,911 sq ft•Single Family
836 130th Avenue Ne, Bellevue, WA 98005
0%
Over list
—
Days on market
0.3 mi
Distance
$1,820,000 Sold
7 weeks ago
4 bd•1 ba•~2,790 sq ft•Single Family
2503 125th Avenue Ne, Bellevue, WA 98005
2%
Over list
—
Days on market
0.9 mi
Distance
$2,150,000 Sold
4 months ago
4 bd•2.5 ba•~2,552 sq ft•Single Family
268 118th Avenue Se, Bellevue, WA 98005
1%
Under list
—
Days on market
1.0 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jun 2026
School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
