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Property profile & analytics
FOR LEASE
Office buildings
1007 W 3Rd Ave Anchorage, AK 99501
Individually Owned
2-yr Hold
Free & Clear
Property ID
US02-0039696
For Lease
1 / 21
$21 SF/Yr
1007 W 3Rd Ave, Anchorage, AK 99501
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1974
Total area
34,079 SF
Lot
0.67 ac (29,014 SF)
Zoning code
B2C CENTRAL BUSINESS
APN
001-032-45-000
UPID
US02-0039696
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
-
Alaska Hospital & Healthcare Association Association / Organization
-
Alaska Office of Victim's Rights Social Service Agency Crisis Center
-
Flanigan Michael W Law Firm
-
Alaska Ocean Observing System Sustainability Organization Volunteer Organization
-
Edward Jones - Financial Advisor: Adrian B Raymond, AAMS™|CRPC™ Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.41M
Blend (final)
Blend
$1.83M
Owner & transaction history
Llegislative Affairs Agency · 2 yrs held
Llegislative Affairs Agency
since 2024
4 recorded transactions
Zoning & alternative use
B2C CENTRAL BUSINESS · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.8M
+18.5%
Medical building
$2.8M
+18.1%
Apartment house (5+ units)
$2.6M
+10.6%
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 Anchorage submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Anchorage 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
Method
Estimation
Statistic approach
by Request
ML approach
$1,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,355,000
Current use
RESTAURANT
$2,790,000
Change: +19% · Conversion: Moderate
MEDICAL BUILDING
$2,780,000
Change: +18% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,605,000
Change: +11% · Conversion: Easy
RETAIL STORES
$2,430,000
Change: +3% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,315,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$1.83M
Range $1.65M – $2.01M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$54 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$80,918
Tax year 2023
Assessed value
$4,751,500
Assessed 2023
Previous assessed
$4,751,500
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$2,173,400
Assessed improvement
$2,578,100
Land market value
$2,173,400
Improvement market value
$2,578,100
Total market value
$4,751,500
Applied tax rate
1.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1974
Heating
NONE
Cooling
NONE
Total area
34,079 SF
Lot
0.67 ac (29,014 SF)
Zoning code
B2C CENTRAL BUSINESS
APN
001-032-45-000
UPID
US02-0039696
Jurisdiction
ANCHORAGE
Zoning & alternative use
B2C CENTRAL BUSINESS · Anchorage, AK
Zoning B2C CENTRAL BUSINESS · permitted uses
B2C CENTRAL BUSINESS · Anchorage, AK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Anchorage. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.4M
RESTAURANT
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.6M
RETAIL STORES
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.3M
OFFICE BUILDING Current
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1974
Heating
NONE
Cooling
Yes
Lot
0.67 ac
Current owner
From public records · entity-resolved
Llegislative Affairs Agency
Individual
Free & Clear · 2 yrs held
Mailing address
2900 NE BLAKELEY ST STE B, SEATTLE, WA 98105-3100
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2024
—
Llegislative Affairs Agency
L92 LLC
Deed
—
Nov 19, 2018
—
L92 LLC
—
Deed
related
$1,590,000 · Northrim Bank
Oct 21, 1999
—
L92 LLC
Plummer,raymond E
Grant Deed
related
—
—
—
L92 LLC
—
Deed Of Trust
related
$3,000,000 · Bank Of America
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.
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?”
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