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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Retail space
109 4th Ave, Anchorage, AK 99501-2509
Entity Owned
11-yr Hold
Free & Clear
Property ID
US02-0064132
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1952
Total area
17,955 SF
Lot
0.3 ac (13,000 SF)
Zoning code
B2B CENTRAL BUSINESS
APN
002-104-47-000
UPID
US02-0064132
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
-
White Spot Cafe Cafe & Coffee Shop
-
Quality Tattoo Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$595k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$735k
Blend (final)
Blend
$665k
Owner & transaction history
Eldorado Building LLC · 11 yrs held
Eldorado Building LLC
since 2014
7 recorded transactions
Zoning & alternative use
B2B 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
$595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$665k
Range $599k – $732k · ±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
$37 / 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
$18,047
Tax year 2023
Assessed value
$1,001,300
Assessed 2023
Previous assessed
$1,001,300
+0.0% YoY
Effective rate
1.80%
On assessed value
Assessed land
$635,700
Assessed improvement
$365,600
Land market value
$635,700
Improvement market value
$365,600
Total market value
$1,001,300
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1952
Heating
FORCED AIR
Cooling
NONE
Stories
1
Total area
17,955 SF
Lot
0.3 ac (13,000 SF)
Zoning code
B2B CENTRAL BUSINESS
APN
002-104-47-000
UPID
US02-0064132
Jurisdiction
ANCHORAGE
Zoning & alternative use
B2B CENTRAL BUSINESS · Anchorage, AK
Zoning B2B CENTRAL BUSINESS · permitted uses
B2B 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.
Building & site characteristics
From public records
Year built
1952
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Eldorado Building LLC
Entity
Free & Clear · 11 yrs held
Mailing address
PO BOX 190508, ANCHORAGE, AK 99519-0508
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2019
—
Eldorado Building LLC
—
Deed
related
$1,079,691 · Baum James I Living Trust (lt)
Jun 20, 2018
—
1117 Chugach LLC
—
Deed
related
$101,000 · James L Baum
Jul 22, 2014
—
Eldorado Building LLC
Azimi-tabrizi,amir J & Mohammad
Quit Claim Deed
related
—
—
—
Eldorado Building LLC|osowski,edwin L
—
Deed Of Trust
related
$306,000 · James L Baum
—
—
Eldorado Building LLC
—
Loan Modification
related
$1,079,691 · Baum James I Living Trust (lt)
—
—
Eldorado Building LLC|osowski,edwin L
—
Deed Of Trust
related
$516,000 · James L Baum
—
—
Amir J Azimi-tabrizi
—
Deed Of Trust
related
$225,000 · James Baum
—
—
1117 Chugach LLC
—
Deed Of Trust
related
$101,000 · James L Baum
—
—
Amir J Azimi-tabrizi
—
Deed Of Trust
related
$427,000 · Zions First National Bank
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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