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Property profile & analytics
OFF-MARKET
Commercial real estate
1213 Ml Bay Rd Kodiak, AK 99615-6409
Individually Owned
13-yr Hold
Free & Clear
Property ID
US02-0281360
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1997
Total area
738 SF
Lot
0.89 ac (38,768 SF)
Zoning code
BUSINESS
APN
R1060010011
UPID
US02-0281360
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
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Island Espresso Cafe & Coffee Shop
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
Leonard W Pickett · 13 yrs held
Leonard W Pickett
since 2012
3 recorded transactions
Zoning & alternative use
BUSINESS · Kodiak, 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 Kodiak submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kodiak 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 2024Property tax & assessments
Tax year 2024
Tax billed
$4,588
Tax year 2024
Assessed value
$407,800
Assessed 2024
Previous assessed
$407,800
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$300,600
Assessed improvement
$107,200
Land market value
$300,600
Improvement market value
$107,200
Total market value
$407,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1997
Total area
738 SF
Lot
0.89 ac (38,768 SF)
Zoning code
BUSINESS
APN
R1060010011
UPID
US02-0281360
Jurisdiction
KODIAK ISLAND
Zoning & alternative use
BUSINESS · Kodiak, AK
Zoning BUSINESS · permitted uses
BUSINESS · Kodiak, AK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kodiak. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1997
Lot
0.89 ac
Current owner
From public records · entity-resolved
Leonard W Pickett
Individual
Free & Clear · 13 yrs held
Mailing address
PO BOX 3216, KODIAK, AK 99615-3216
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2012
—
Leonard W Pickett
Kodiak Island Borough
Quit Claim Deed
related
—
Aug 17, 2011
—
Kodiak Island Borough
William Bacus
Legal Action/court Order
related
—
Jun 29, 2005
—
Leonard W Pickett
Sharon T Beardsley
Warranty Deed
$255,275 · Sharon Beardsley
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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