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Property profile & analytics
OFF-MARKET
Estimated value
$4,295,000
Office buildings
1131 Intl Airport Rd, Anchorage, AK 99518-1408
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US02-0081826
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2006
Construction
WOOD FRAME
Total area
40,074 SF
Lot
3.45 ac (150,282 SF)
Zoning code
I1 LIGHT INDUSTRIAL
APN
009-201-05-000
UPID
US02-0081826
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.61M
Blend (final)
Blend
$4.30M
Owner & transaction history
Aleutian Pribilof Iss Assn INC · 21 yrs held
Aleutian Pribilof Iss Assn INC
since 2005
7 recorded transactions
Zoning & alternative use
I1 LIGHT INDUSTRIAL · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.2M
+100.1%
Restaurant
$3.9M
+47.9%
Medical building
$3.3M
+25.4%
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
$2,605,000
Current use
COMMERCIAL (GENERAL)
$5,215,000
Change: +100% · Conversion: Easy
RESTAURANT
$3,855,000
Change: +48% · Conversion: Moderate
MEDICAL BUILDING
$3,270,000
Change: +25% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,210,000
Change: +23% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,125,000
Change: +20% · Conversion: Easy
Blend value · Realmo final
$4.30M
Range $3.87M – $4.72M · ±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
$107 / 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
$146,996
Tax year 2023
Assessed value
$8,631,600
Assessed 2023
Previous assessed
$8,631,600
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$2,132,400
Assessed improvement
$6,499,200
Land market value
$2,132,400
Improvement market value
$6,499,200
Total market value
$8,631,600
Applied tax rate
3.0000
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
2006
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Total area
40,074 SF
Lot
3.45 ac (150,282 SF)
Zoning code
I1 LIGHT INDUSTRIAL
APN
009-201-05-000
UPID
US02-0081826
Jurisdiction
ANCHORAGE
Zoning & alternative use
I1 LIGHT INDUSTRIAL · Anchorage, AK
Zoning I1 LIGHT INDUSTRIAL · permitted uses
I1 LIGHT INDUSTRIAL · 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
$2.6M
COMMERCIAL (GENERAL)
Est. value
$5.2M
RESTAURANT
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$3.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
2006
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
3.45 ac
Current owner
From public records · entity-resolved
Aleutian Pribilof Iss Assn INC
Entity
Mailing address
1131 E INTL AIRPORT RD, ANCHORAGE, AK 99518-1408
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2016
—
Aleutian Pribilof Islands Associati
—
Deed
related
$9,375,000 · First National Bank Alaska
Jun 19, 2006
—
Aleutian Pribil Of Iss Assn INC
—
Deed Of Trust
related
$17,850,000 · Wells Fargo Bank
May 13, 2005
—
Aleutian Pribilof Iss Assn INC
Creekfront Dev LLC
Warranty Deed
related
—
Dec 31, 2002
—
Creekfront Development LLC
Bezek-durst-seiser I Nc
Quit Claim Deed
related
—
May 25, 2001
—
Bezek Durst & Seiser INC
Hack Trust
Grant Deed
related
$367,500 · Northrim Bank
—
—
Creekfront Development LLC
—
Deed Of Trust
related
$339,359 · Northrim Bank
—
—
Aleutian Pribilof Iss Assn INC
—
Deed Of Trust
related
$1,000,000 · Key Bank & Trust
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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