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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Garden apartment buildings
12120 Mazama Pl Eagle River, AK 99577-7333
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US02-0159945
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2020
Total area
16,548 SF
Lot
1.28 ac (55,757 SF)
Zoning code
CE B3
APN
050-101-43-000
UPID
US02-0159945
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
$680k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$970k
Blend (final)
Blend
$825k
Owner & transaction history
Rockwell Dev LLC · 6 yrs held
Rockwell Dev LLC
since 2020
4 recorded transactions
Zoning & alternative use
CE B3 · Eagle River, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.3M
+33.8%
Auto repair, garage
$1.2M
+30.3%
Medical building
$1.2M
+27.2%
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
$680,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$955,000
Current use
WAREHOUSE, STORAGE
$1,280,000
Change: +34% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,245,000
Change: +30% · Conversion: Difficult
MEDICAL BUILDING
$1,215,000
Change: +27% · Conversion: Moderate
Blend value · Realmo final
$825k
Range $743k – $908k · ±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
$50 / 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
$30,551
Tax year 2023
Assessed value
$1,834,900
Assessed 2023
Previous assessed
$1,834,900
+0.0% YoY
Effective rate
1.66%
On assessed value
Assessed land
$50,000
Assessed improvement
$1,784,900
Land market value
$50,000
Improvement market value
$1,784,900
Total market value
$1,834,900
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
2020
Heating
HOT WATER
Cooling
NONE
Stories
3
Units
30
Total area
16,548 SF
Lot
1.28 ac (55,757 SF)
Zoning code
CE B3
APN
050-101-43-000
UPID
US02-0159945
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$955,000
WAREHOUSE, STORAGE
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS) Current
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
2020
Heating
HOT WATER
Cooling
Yes
Stories
3
Units
30
Lot
1.28 ac
Current owner
From public records · entity-resolved
Rockwell Dev LLC
Entity
Mailing address
1113 W FIREWEED LN STE #202, ANCHORAGE, AK 99503-1754
Ownership since
2020
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
May 23, 2022
—
Regency Place LLC
—
Deed
related
$1,525,500 · First National Bank Alaska
Jul 1, 2020
—
Rockwell Dev LLC
Richard W Matson
Warranty Deed
related
—
Jul 3, 2003
—
Richard W Matson
Regional Center Fund
Grant Deed
$189,625 · First National Bank Alaska
—
—
Richard W Matson
—
Deed Of Trust
related
$181,500 · 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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