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Property profile & analytics
OFF-MARKET
Estimated value
$7,220,000
Office buildings
111 16th Ave Anchorage, AK 99501-5169
Entity Owned
4-yr Hold
Free & Clear
Property ID
US02-0088863
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2005
Total area
66,539 SF
Lot
4.19 ac (182,516 SF)
Zoning code
RO RES OFFICE
APN
002-151-45-000
UPID
US02-0088863
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
-
the Pacific Health Coalition Association / Organization
-
William Bergeron DDS Dental Office
-
Bristol Bay Shared Services, LLC Business Management Consultant
-
Bristol Alliance of Companies Corporate Office
-
thread Daycare Center Foster Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.49M
Blend (final)
Blend
$7.22M
Owner & transaction history
Bristol Bay Native Corporation · 4 yrs held
Bristol Bay Native Corporation
since 2021
2 recorded transactions
Zoning & alternative use
RO RES OFFICE · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.2M
+100.5%
Restaurant
$5.5M
+18.5%
Medical building
$5.4M
+18.1%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,600,000
Current use
COMMERCIAL (GENERAL)
$9,220,000
Change: +100% · Conversion: Easy
RESTAURANT
$5,450,000
Change: +19% · Conversion: Moderate
MEDICAL BUILDING
$5,430,000
Change: +18% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,085,000
Change: +11% · Conversion: Easy
RETAIL STORES
$4,745,000
Change: +3% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,515,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$7.22M
Range $6.50M – $7.94M · ±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
$109 / 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
$217,866
Tax year 2023
Assessed value
$12,793,100
Assessed 2023
Previous assessed
$12,793,100
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$3,167,100
Assessed improvement
$9,626,000
Land market value
$3,167,100
Improvement market value
$9,626,000
Total market value
$12,793,100
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
2005
Heating
FORCED AIR
Cooling
CENTRAL
Total area
66,539 SF
Lot
4.19 ac (182,516 SF)
Zoning code
RO RES OFFICE
APN
002-151-45-000
UPID
US02-0088863
Jurisdiction
ANCHORAGE
Zoning & alternative use
RO RES OFFICE · Anchorage, AK
Zoning RO RES OFFICE · permitted uses
RO RES OFFICE · 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
$4.6M
COMMERCIAL (GENERAL)
Est. value
$9.2M
RESTAURANT
Est. value
$5.5M
MEDICAL BUILDING
Est. value
$5.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.1M
RETAIL STORES
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$4.5M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
2005
Heating
FORCED AIR
Cooling
Yes
Lot
4.19 ac
Current owner
From public records · entity-resolved
Bristol Bay Native Corporation
Entity
Free & Clear · 4 yrs held
Mailing address
111 W 16TH AVE STE #400, ANCHORAGE, AK 99501-6206
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2021
—
Bristol Bay Native Corporation
Sophie R Minich
Warranty Deed
—
Jun 28, 2005
—
Bristol Bay Dev LLC
—
Deed Of Trust
related
$11,120,000 · Bank Of America
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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