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Property profile & analytics
OFF-MARKET
Garden apartment buildings
11508 Heritage Ct Eagle River, AK 99577-7792
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US02-0370626
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1985
Construction
WOOD FRAME
Total area
6,540 SF
Lot
0.2 ac (8,750 SF)
Zoning code
CE RO
APN
050-162-43-000
UPID
US02-0370626
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jimmy R Cassel JR · 2 yrs held
Jimmy R Cassel JR
since 2024
4 recorded transactions
Zoning & alternative use
CE RO · Eagle River, 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 Eagle River submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eagle River 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,744
Tax year 2023
Assessed value
$585,200
Assessed 2023
Previous assessed
$585,200
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$110,500
Assessed improvement
$474,700
Land market value
$110,500
Improvement market value
$474,700
Total market value
$585,200
Applied tax rate
50.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1985
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
NONE
Stories
3
Units
8
Total area
6,540 SF
Lot
0.2 ac (8,750 SF)
Zoning code
CE RO
APN
050-162-43-000
UPID
US02-0370626
Jurisdiction
ANCHORAGE
Zoning & alternative use
CE RO · Eagle River, AK
Zoning CE RO · permitted uses
CE RO · Eagle River, AK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Eagle River. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
Yes
Stories
3
Units
8
Lot
0.2 ac
Current owner
From public records · entity-resolved
Jimmy R Cassel JR
Individual
Mailing address
PO BOX 230848, ANCHORAGE, AK 99523-0848
Ownership since
2024
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
Feb 29, 2024
—
Jimmy R Cassel JR
Heritage Court 101 LLC
Warranty Deed
$525,000 · Matanuska Valley FCU
Jul 24, 2007
—
Anthony Martinez
Nye,thomas M
Warranty Deed
$202,025 · First National Bank Alaska
Jun 4, 2003
—
American Exchange Properties
Hazlebeck,thomas E & Sherry G
Grant Deed
$452,306 · First National Bank Alaska
Jun 17, 1999
—
Thomas E Hazlebeck
Fairbanks,linda R
Grant Deed
$284,000 · Individual
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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