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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Retail space
12046 Business Blvd Eagle River, AK 99577-7725
Entity Owned
18-yr Hold
Free & Clear
Property ID
US02-0362241
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Construction
STEEL FRAME
Total area
10,430 SF
Lot
1.37 ac (59,677 SF)
Zoning code
CE B3
APN
050-101-32-000
UPID
US02-0362241
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
-
Petzoo (Bike/Boat/Book/etc) Store Pet Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$620k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$729k
Blend (final)
Blend
$675k
Owner & transaction history
Eagle River Buildings LLC · 18 yrs held
Eagle River Buildings LLC
since 2008
5 recorded transactions
Zoning & alternative use
CE B3 · Eagle River, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+87.9%
Office building
$945,000
+74.2%
Industrial (general)
$885,000
+63.3%
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
$620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$540,000
Current use
RESTAURANT
$1,015,000
Change: +88% · Conversion: Easy
OFFICE BUILDING
$945,000
Change: +74% · Conversion: Easy
INDUSTRIAL (GENERAL)
$885,000
Change: +63% · Conversion: Difficult
WAREHOUSE, STORAGE
$805,000
Change: +49% · Conversion: Difficult
AUTO REPAIR, GARAGE
$785,000
Change: +45% · Conversion: Difficult
MEDICAL BUILDING
$765,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$675k
Range $608k – $743k · ±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
$65 / 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
$27,196
Tax year 2023
Assessed value
$1,633,400
Assessed 2023
Previous assessed
$1,633,400
+0.0% YoY
Effective rate
1.66%
On assessed value
Assessed land
$841,200
Assessed improvement
$792,200
Land market value
$841,200
Improvement market value
$792,200
Total market value
$1,633,400
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2006
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
10,430 SF
Lot
1.37 ac (59,677 SF)
Zoning code
CE B3
APN
050-101-32-000
UPID
US02-0362241
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
$540,000
RESTAURANT
Est. value
$1.0M
OFFICE BUILDING
Est. value
$945,000
INDUSTRIAL (GENERAL)
Est. value
$885,000
WAREHOUSE, STORAGE
Est. value
$805,000
AUTO REPAIR, GARAGE
Est. value
$785,000
MEDICAL BUILDING
Est. value
$765,000
RETAIL STORES Current
RESTAURANT
OFFICE BUILDING
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.37 ac
Current owner
From public records · entity-resolved
Eagle River Buildings LLC
Entity
Free & Clear · 18 yrs held
Mailing address
333 W 7TH AVE STE #300, ANCHORAGE, AK 99501-3572
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2022
—
Eagle River Buildings LLC
—
Deed
related
$1,081,139 · Northrim Bank
Apr 24, 2018
—
Eagle River Buildings LLC
—
Grant Deed
related
$1,770,000 · First Nat'l Bk/ak
Jun 16, 2008
—
Eagle River Buildings LLC
Sequoia Investments Xvi LLC
Warranty Deed
—
Jun 7, 2007
—
Sequoia Investments Xvi LLC
Security Natl Props-alaska
Deed Of Trust
$250,000,000 · Bank Of America
—
—
Security Natl Props-alaska
—
Deed Of Trust
related
$360,000 · Alaska Seaboard Partners LP
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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