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Property profile & analytics
OFF-MARKET
Estimated value
$4,645,000
Office buildings
11500 Sukdu Way, Anchorage, AK 99515-2615
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US02-0119996
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2010
Construction
WOOD FRAME
Total area
42,130 SF
Lot
3.4 ac (148,104 SF)
Zoning code
B3SL
APN
016-143-26-000
UPID
US02-0119996
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
$4.10M
Blend (final)
Blend
$4.65M
Owner & transaction history
11500 C Street LLC · 10 yrs held
11500 C Street LLC
since 2016
4 recorded transactions
Zoning & alternative use
B3SL · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.7M
+24.4%
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
$4,580,000
Current use
COMMERCIAL (GENERAL)
$5,700,000
Change: +24% · Conversion: Easy
RESTAURANT
$4,055,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$4.65M
Range $4.18M – $5.11M · ±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
$110 / 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
$127,315
Tax year 2023
Assessed value
$7,475,900
Assessed 2023
Previous assessed
$7,475,900
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$2,194,300
Assessed improvement
$5,281,600
Land market value
$2,194,300
Improvement market value
$5,281,600
Total market value
$7,475,900
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
2010
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
CENTRAL
Stories
2
Units
1
Total area
42,130 SF
Lot
3.4 ac (148,104 SF)
Zoning code
B3SL
APN
016-143-26-000
UPID
US02-0119996
Jurisdiction
ANCHORAGE
Zoning & alternative use
B3SL · Anchorage, AK
Zoning B3SL · permitted uses
B3SL · 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
$5.7M
RESTAURANT
Est. value
$4.1M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
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
2010
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
1
Lot
3.4 ac
Current owner
From public records · entity-resolved
11500 C Street LLC
Entity
Free & Clear · 10 yrs held
Mailing address
1 DOYON PL #300, FAIRBANKS, AK 99701-2941
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2021
—
Doyon Limited
—
Deed
related
$8,000,000 · First National Bank Alaska
Jan 29, 2016
—
11500 C Street LLC
Grayling Land Dev LLC
Warranty Deed
related
—
May 11, 2010
—
Grayling Land Dev LLC
—
Grant Deed
related
$10,607,000 · Washington Cap Joint Master Tr
—
—
11500 C Street LLC
—
Loan Modification
related
$10,607,000 · * Other Institutional Lenders
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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