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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Office buildings
10421 Vfw Rd Eagle River, AK 99577-8075
Entity Owned
16-yr Hold
Free & Clear
Property ID
US02-0067423
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1983
Construction
WOOD FRAME
Total area
8,800 SF
Lot
1.03 ac (44,867 SF)
Zoning code
CE B3
APN
050-251-04-000
UPID
US02-0067423
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
-
Eagle River Engineering Services Land Surveyor Engineer
-
Ned Whitney: Allstate Insurance Insurance Agency
-
Alaska Excavators General Contractor
-
Stefanie L. Summers, LCSW Foster Care Service Social Service Agency
-
Eagle River Counseling, Mary Helen Snider, LPC Family Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$475k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$640k
Blend (final)
Blend
$560k
Owner & transaction history
Meadowcreek Building LLC · 16 yrs held
Meadowcreek Building LLC
since 2009
1 recorded transaction
Zoning & alternative use
CE B3 · Eagle River, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$860,000
+7.9%
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 Eagle River submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eagle River 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
$475,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$795,000
Current use
RESTAURANT
$860,000
Change: +8% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$745,000
Change: -6% · Conversion: Difficult
WAREHOUSE, STORAGE
$680,000
Change: -14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$660,000
Change: -17% · Conversion: Difficult
MEDICAL BUILDING
$645,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$64 / 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
$17,009
Tax year 2023
Assessed value
$1,034,000
Assessed 2023
Previous assessed
$1,034,000
+0.0% YoY
Effective rate
1.64%
On assessed value
Assessed land
$386,700
Assessed improvement
$647,300
Land market value
$386,700
Improvement market value
$647,300
Total market value
$1,034,000
Applied tax rate
10.0000
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
1983
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
NONE
Stories
2
Total area
8,800 SF
Lot
1.03 ac (44,867 SF)
Zoning code
CE B3
APN
050-251-04-000
UPID
US02-0067423
Jurisdiction
ANCHORAGE
Zoning & alternative use
CE B3 · Eagle River, AKZoning CE B3 · permitted uses
CE B3 · Eagle River, AK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$795,000
RESTAURANT
Est. value
$860,000
INDUSTRIAL (GENERAL)
Est. value
$745,000
WAREHOUSE, STORAGE
Est. value
$680,000
AUTO REPAIR, GARAGE
Est. value
$660,000
MEDICAL BUILDING
Est. value
$645,000
OFFICE BUILDING Current
RESTAURANT
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
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
1983
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
1.03 ac
Current owner
From public records · entity-resolved
Meadowcreek Building LLC
Entity
Free & Clear · 16 yrs held
Mailing address
PO BOX 770234, EAGLE RIVER, AK 99577-0234
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2009
—
Meadowcreek Building LLC
Butera,louis
Quit Claim Deed
related
—
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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