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Property profile & analytics
OFF-MARKET
Estimated value
$1,425,000
Hotels
115 3rd Ave Anchorage, AK 99501-2501
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US02-0376740
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1963
Total area
39,524 SF
Lot
0.8 ac (35,000 SF)
Zoning code
B2C CENTRAL BUSINESS
APN
002-084-53-000
UPID
US02-0376740
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
-
Barrow Park City Park
-
ATM Atm
-
Ramada by Wyndham Anchorage Downtown Hotel & Motel
-
Slippery Salmon Bar & Grill Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$1.43M
Owner & transaction history
Rupinder Alaska Incorporated · 6 yrs held
Rupinder Alaska Incorporated
since 2019
7 recorded transactions
Zoning & alternative use
B2C 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
$1,375,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,670,000
Current use
Blend value · Realmo final
$1.43M
Range $1.28M – $1.57M · ±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
$36 / 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
$59,006
Tax year 2023
Assessed value
$3,464,800
Assessed 2023
Previous assessed
$3,464,800
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$692,000
Assessed improvement
$2,772,800
Land market value
$692,000
Improvement market value
$2,772,800
Total market value
$3,464,800
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1963
Heating
FORCED AIR
Cooling
NONE
Stories
3
Units
91
Total area
39,524 SF
Lot
0.8 ac (35,000 SF)
Zoning code
B2C CENTRAL BUSINESS
APN
002-084-53-000
UPID
US02-0376740
Jurisdiction
ANCHORAGE
Zoning & alternative use
B2C CENTRAL BUSINESS · Anchorage, AK
Zoning B2C CENTRAL BUSINESS · permitted uses
B2C 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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.7M
HOTEL/MOTEL Current
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
1963
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
91
Lot
0.8 ac
Current owner
From public records · entity-resolved
Rupinder Alaska Incorporated
Individual
Mailing address
200 ML ST, RENO, NV 89501-1535
Ownership since
2019
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
Nov 27, 2019
—
Rupinder Alaska Incorporated
Northern Lodging LLC
Warranty Deed
$2,210,000 · First National Bank Alaska
Sep 14, 2007
—
Northern Lodging LLC
Kress Properties Alaska LLC
Quit Claim Deed
related
—
Aug 7, 2007
—
Kress Properties Alaska LLC
115 E 3rd Avenue LLC
Quit Claim Deed
related
$2,500,000 · First National Bank Alaska
Aug 8, 2003
—
115 E 3rd Avenue LLC
Marlow Manor Downtown LLC
Grant Deed
$5,000,000 · Northrim Bank
May 31, 2002
—
Marlow Manor Downtown LLC
Westmark Third Avenue INC
Grant Deed
$4,000,000 · Northrim Bank
—
—
Marlow Manor Downtown LLC
—
Deed Of Trust
related
$700,000 · Northrim Bank
—
—
115 E 3rd Avenue LLC
—
Deed Of Trust
related
$600,000 · Scott Bringman
—
—
115 E 3rd Ave LLC
—
Deed Of Trust
related
$600,000 · Rock Partners
—
—
Northern Lodging LLC
—
Deed Of Trust
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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