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Property profile & analytics
OFF-MARKET
Estimated value
$1,185,000
Specialty properties
104 Arlberg Ave Girdwood, AK 99587
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US02-0177078
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1989
Total area
19,200 SF
Lot
166.67 ac (7,260,145 SF)
Zoning code
GRST2
APN
076-015-35-000
UPID
US02-0177078
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
AI Approach
AI
$930k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.44M
Blend (final)
Blend
$1.19M
Owner & transaction history
Alyeska Dev LP · 7 yrs held
Alyeska Dev LP
since 2018
4 recorded transactions
Zoning & alternative use
GRST2 · Girdwood, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.9M
+75.7%
Industrial (general)
$1.6M
+52.7%
Office building
$1.5M
+39.2%
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 Girdwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Girdwood 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
$930,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$1,065,000
Current use
RESTAURANT
$1,875,000
Change: +76% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,625,000
Change: +53% · Conversion: Difficult
OFFICE BUILDING
$1,485,000
Change: +39% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,445,000
Change: +36% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,445,000
Change: +36% · Conversion: Difficult
MEDICAL BUILDING
$1,410,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$1.19M
Range $1.07M – $1.30M · ±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
$62 / 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
$73,911
Tax year 2023
Assessed value
$5,884,600
Assessed 2023
Previous assessed
$5,884,600
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$3,020,300
Assessed improvement
$2,864,300
Land market value
$3,020,300
Improvement market value
$2,864,300
Total market value
$5,884,600
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1989
Heating
FORCED AIR
Cooling
CENTRAL
Total area
19,200 SF
Lot
166.67 ac (7,260,145 SF)
Zoning code
GRST2
APN
076-015-35-000
UPID
US02-0177078
Jurisdiction
ANCHORAGE
Zoning & alternative use
GRST2 · Girdwood, AK
Zoning GRST2 · permitted uses
GRST2 · Girdwood, AK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Girdwood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$1.1M
RESTAURANT
Est. value
$1.9M
INDUSTRIAL (GENERAL)
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.4M
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
RESTAURANT
INDUSTRIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
1989
Heating
FORCED AIR
Cooling
Yes
Lot
166.67 ac
Current owner
From public records · entity-resolved
Alyeska Dev LP
Entity
Mailing address
9820 100TH AVE GRANDE PR XX
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Dec 13, 2019
—
Alyeska Resort Hotel LP
—
Deed
related
$57,000 · Epr Lodging LLC
Dec 14, 2018
—
Alyeska Dev LP
Alyeska Tract C Holdings LLC
Quit Claim Deed
related
$30,000,000 · Hotel Alyeska LLC
Dec 1, 2006
—
Alyeska Holdings Ai LLC
Seibu Alaska INC
Warranty Deed
—
—
—
Alyeska Resort Hotel LP
—
Deed Of Trust
related
$57,000 · Epr Lodging LLC
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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