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Property profile & analytics
OFF-MARKET
Estimated value
$1,735,000
Office buildings
1016 6th Ave Anchorage, AK 99501-1963
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US02-0095879
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1969
Total area
40,724 SF
Lot
0.5 ac (21,887 SF)
Zoning code
B2C CENTRAL BUSINESS
APN
001-053-15-000
UPID
US02-0095879
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
-
Aleknagik Technology, LLC Corporate Office Business Park
-
Yukon Delta Fisheries Development Take-out & Catering Fish Market
-
Vocational Rehabilitation Social Service Agency Charitable Organization
-
Alaska Tribes Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.16M
Blend (final)
Blend
$1.74M
Owner & transaction history
State Of Alaska · 3 yrs held
State Of Alaska
since 2023
7 recorded transactions
Zoning & alternative use
B2C CENTRAL BUSINESS · Anchorage, AK
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 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
$1,305,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,815,000
Current use
AUTO REPAIR, GARAGE
$2,765,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$1.74M
Range $1.56M – $1.91M · ±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
$43 / 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
$72,631
Tax year 2023
Assessed value
$4,264,900
Assessed 2023
Previous assessed
$4,264,900
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$1,434,700
Assessed improvement
$2,830,200
Land market value
$1,434,700
Improvement market value
$2,830,200
Total market value
$4,264,900
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
Off-Market
Year built
1969
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Total area
40,724 SF
Lot
0.5 ac (21,887 SF)
Zoning code
B2C CENTRAL BUSINESS
APN
001-053-15-000
UPID
US02-0095879
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
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.8M
OFFICE BUILDING Current
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
1969
Heating
FORCED AIR
Cooling
Yes
Stories
4
Lot
0.5 ac
Current owner
From public records · entity-resolved
State Of Alaska
Individual
Mailing address
550 W 7TH AVE #200, ANCHORAGE, AK 99501-3571
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2023
—
State Of Alaska
S&k Properties
Lease
—
Nov 25, 2020
—
S & K Properties LLC
—
Deed
related
$3,350,000 · Alaska USA FCU
Dec 9, 2016
—
S & K Properties LLC
—
Deed
related
$3,450,000 · Denali FCU
Dec 13, 2006
—
S&k Properties LLC
Steven A Johnson
Quit Claim Deed
related
$4,400,000 · Artesia Mortgage Capital Corp
Jul 11, 2002
—
Nicolai-alaska LLC
6th & K LP
Grant Deed
$2,625,000 · Northrim Bank
—
—
Steven A Johnson
—
Deed Of Trust
related
$200,000 · Northrim Bank
—
—
S & K Properties LLC
—
Deed Of Trust
related
$3,350,000 · Alaska USA FCU
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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