Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1118 10th Ave Anchorage, AK 99501-4002

    • Residential income homes
    • 1,976 SF
    • 0.16 lot acres
    OFF-MARKET
    Last Sale
    Dec 10, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US02-0366834
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 1118 10th Ave

    Year built
    1949
    Construction
    WOOD FRAME
    Lot size
    0.16 lot acres
    Property size
    1,976 SF
    Zone code
    R3 MULTI-FAMILY
    Property type
    Residential income homes
    Property subtype
    Serviced apartments
    APN
    003-115-42-000
    APU
    311542000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Anchorage
    County
    Anchorage
    State
    Alaska
    Longitude
    -149.862
    Latitude
    61.2124
    CBSA code
    11260
    CBSA name
    ANCHORAGE, AK METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,407
    $83,700
    $54,000
    $137,700
    -
    $83,700
    $54,000
    $137,700

    Comparable in this City

    • Value Estimation
      $1,140,000
      17,604 SF

      100 13th Ave

      BOARDING/ROOMING HOUSE • 17,604 SF
      100 13th Ave, Anchorage, AK 99501-4443
      View Details
    • Value Estimation
      $1,105,000
      20,643 SF

      545 4th Ave

      BOARDING/ROOMING HOUSE • 20,643 SF
      545 4th Ave, Anchorage, AK 99501-2623
      View Details
    • Value Estimation
      $860,000
      16,308 SF

      438 9th Ave

      BOARDING/ROOMING HOUSE • 16,308 SF
      438 9th Ave, Anchorage, AK 99501-3733
      View Details
    • Value Estimation
      $550,000
      10,982 SF

      327 Eagle St

      BOARDING/ROOMING HOUSE • 10,982 SF
      327 Eagle St, Anchorage, AK 99501-2628
      View Details
    • Value Estimation by Request
      5,920 SF

      546 15th Ave

      BOARDING/ROOMING HOUSE • 5,920 SF
      546 15th Ave, Anchorage, AK 99501-5305
      View Details
    • Value Estimation
      $845,000
      5,752 SF

      1700 A St

      BOARDING/ROOMING HOUSE • 5,752 SF
      1700 A St, Anchorage, AK 99501-5139
      View Details

    Similar Nearby for Sale

    • New
      $879,000
      3,924 SF

      Turn-Key Anchorage Multi-Family Property

      Centrally located duplex with short-term rental potential.
      827 W 20Th Ave, Anchorage, AK 99501
      View Details
    • $150,000
      1,472 SF

      Downtown Anchorage Restaurant - Turnkey Opportunity

      Established Restaurant, High Traffic Area, Steady Income
      401 I St, Anchorage, AK 99501
      View Details
    • $20,000,000
      90,883 SF

      Midtown Anchorage Commercial Property

      8 Acres, 90,883 SF, Prime Location
      1950 Gambell St, Anchorage, AK 99501
      View Details
    • $1,950,000
      7,494 SF

      Anchorage Industrial Property - Huge Potential

      Large warehouse, office space, ample yard. Ideal for aviation.
      1421 8Th Ave, Anchorage, AK 99501
      View Details
    • $1,400,000

      Anchorage Office Condos For Sale

      Office condos available for sale in Anchorage, Alaska.
      500 L St, Anchorage, AK 99501
      View Details
    • $3,500,000

      Two Concrete Buildings on Large Lot

      Two buildings totaling 53,000+/- SF on 3+ acres.
      1689 C St, Anchorage, AK 99501
      View Details

    Similar Nearby for Lease

    • $1.65 SF/Yr

      Anchorage Office or Retail Space

      First-floor suite in mid/downtown Anchorage with free parking.
      203 W 15Th Ave, Anchorage, AK 99501
      View Details
    • $2 SF/Yr

      Class A Office Suites Available

      Class A office suites for lease in the Signature Building.
      745 W 4Th Ave, Anchorage, AK 99501
      View Details
    • $1.90 SF/Yr

      Downtown Anchorage Premium Office Space

      Premium office space for lease in downtown Anchorage location.
      500 L St, Anchorage, AK 99501
      View Details
    • $1.60 SF/Yr

      Downtown Office Space For Rent

      Updated downtown office space with elevator in landmark building.
      737 W 5Th Ave, Anchorage, AK 99501
      View Details
    • $1.95 SF/Yr

      Downtown Anchorage Office Space Available

      5,318 SF office space for lease in downtown Anchorage.
      1029 W 3Rd Ave, Anchorage, AK 99501
      View Details
    • $1.95 SF/Yr

      Remodeled Office Space For Rent

      Modern office space with updated amenities and convenient downtown location.
      431 W 7Th Ave, Anchorage, AK 99501
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1118 10th Ave
    Anchorage, AK 99501-4002
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.