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Property profile & analytics
OFF-MARKET
Estimated value
$270,000
Medical Office Space
1030 Colony Way Palmer, AK 99645-6929
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US02-0131676
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1951
Total area
5,582 SF
Lot
0.15 ac (6,534 SF)
Zoning code
12
APN
5023B05L001-1
UPID
US02-0131676
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
-
Optimum Performance Chiropractic Alternative Medicine Practice
-
Miranda Jurik Spa & Massage Center Alternative Medicine Practice
-
1932 BARTLETT LLC Bar & Pub
-
BrewHaHa Espresso Cafe Cafe & Coffee Shop
-
Brittany Blake Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$270k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$270k
Owner & transaction history
James W Mielke · 4 yrs held
James W Mielke
since 2022
5 recorded transactions
Zoning & alternative use
12 · Palmer, AK
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 Palmer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palmer 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
$270,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$270k
Range $243k – $297k · ±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
$48 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$3,225
Tax year 2024
Assessed value
$274,500
Assessed 2024
Previous assessed
$274,500
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$45,100
Assessed improvement
$229,400
Land market value
$45,100
Improvement market value
$229,400
Total market value
$274,500
Applied tax rate
12.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1951
Heating
NONE
Total area
5,582 SF
Lot
0.15 ac (6,534 SF)
Zoning code
12
APN
5023B05L001-1
UPID
US02-0131676
Jurisdiction
MATANUSKA-SUSITNA
Zoning & alternative use
12 · Palmer, AKZoning 12 · permitted uses
12 · Palmer, AK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Ordinance
Building & site characteristics
From public records
Year built
1951
Heating
NONE
Lot
0.15 ac
Current owner
From public records · entity-resolved
James W Mielke
Individual
Mailing address
1030 S COLONY WAY, PALMER, AK 99645-6929
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2022
—
James W Mielke
Douglas L Dreyer
Warranty Deed
$200,000 · First National Bank Alaska
Dec 28, 2018
—
Hnk Leasing LLC
—
Deed
related
$36,000 · Alaska USA FCU
Oct 20, 2015
—
Hnk Leasing LLC
Davis,mary L
Warranty Deed
$180,000 · Alaska USA FCU
—
—
Hnk Leasing LLC
—
Loan Modification
related
$36,000 · Alaska USA FCU
—
—
Hnk Leasing LLC
—
Deed Of Trust
related
$36,000 · 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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