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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Retail space
11925 Old Glenn Hwy Eagle River, AK 99577-7762
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US02-0128793
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1984
Construction
WOOD FRAME
Total area
18,560 SF
Lot
1.07 ac (46,609 SF)
Zoning code
CE B3
APN
050-124-48-000
UPID
US02-0128793
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
-
Chugiak Youth Sports Association Child Welfare Organization Charitable Organization
-
All Seasons Clothing Company Clothing Store
-
Alaskco Studios Media Distribution
-
Joan's Preschool Center Daycare Center
-
Rohde & Associates Architects Architect Design Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$795k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$690k
Blend (final)
Blend
$740k
Owner & transaction history
Wingspread Properties LLC · 18 yrs held
Wingspread Properties LLC
since 2008
6 recorded transactions
Zoning & alternative use
CE B3 · 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
Method
Estimation
Statistic approach
by Request
ML approach
$795,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$965,000
Current use
Blend value · Realmo final
$740k
Range $666k – $814k · ±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
$40 / 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
$24,298
Tax year 2023
Assessed value
$1,477,100
Assessed 2023
Previous assessed
$1,477,100
+0.0% YoY
Effective rate
1.64%
On assessed value
Assessed land
$801,300
Assessed improvement
$675,800
Land market value
$801,300
Improvement market value
$675,800
Total market value
$1,477,100
Applied tax rate
10.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1984
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
CENTRAL
Stories
2
Total area
18,560 SF
Lot
1.07 ac (46,609 SF)
Zoning code
CE B3
APN
050-124-48-000
UPID
US02-0128793
Jurisdiction
ANCHORAGE
Zoning & alternative use
CE B3 · Eagle River, AK
Zoning CE B3 · permitted uses
CE B3 · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$965,000
RETAIL STORES 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
1984
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Lot
1.07 ac
Current owner
From public records · entity-resolved
Wingspread Properties LLC
Entity
Mailing address
11925 OLD GLENN HWY STE #201, EAGLE RIVER, AK 99577-7762
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2008
—
Wingspread Properties LLC
Rohde,allen G
Quit Claim Deed
related
$797,000 · Rural Housing & Community Dev
Dec 3, 2007
—
Allen G Rohde
Kwon,thomas O & Elizabeth B H
Warranty Deed
$1,780,165 · First National Bank Alaska
Mar 10, 2004
—
Thomas O Kwon
Rj Evans LLC
Grant Deed
$637,619 · First National Bank Alaska
Sep 13, 2000
—
R J Evans LLC
Evans,richard J
Quit Claim Deed
related
—
—
—
Thomas O Kwon
—
Deed Of Trust
related
$840,000 · First National Bank Alaska
—
—
Elizabeth B Kwon
—
Deed Of Trust
related
$842,427 · First National Bank Alaska
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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