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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Bars & Pubs
12349 Old Glenn Hwy Eagle River, AK 99577-7440
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US02-0026876
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1969
Construction
WOOD FRAME
Total area
10,014 SF
Lot
1.11 ac (48,352 SF)
Zoning code
CE B3
APN
050-093-02-000
UPID
US02-0026876
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
-
Dooley's Auto Repair Auto Repair Shop
-
Buckets auto sales Car Dealership
-
Cardtronics ATM Atm
-
Tips Bar Bar & Pub
-
Pete's Barbecue Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$510k
Owner & transaction history
Hae Won Incorporation · 3 yrs held
Hae Won Incorporation
since 2023
4 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
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$850,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$775,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$755,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$735,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$51 / 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
$20,656
Tax year 2023
Assessed value
$1,255,700
Assessed 2023
Previous assessed
$1,255,700
+0.0% YoY
Effective rate
1.64%
On assessed value
Assessed land
$779,500
Assessed improvement
$476,200
Land market value
$779,500
Improvement market value
$476,200
Total market value
$1,255,700
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1969
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
CENTRAL
Stories
2
Units
13
Total area
10,014 SF
Lot
1.11 ac (48,352 SF)
Zoning code
CE B3
APN
050-093-02-000
UPID
US02-0026876
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
INDUSTRIAL (GENERAL)
Est. value
$850,000
WAREHOUSE, STORAGE
Est. value
$775,000
AUTO REPAIR, GARAGE
Est. value
$755,000
MEDICAL BUILDING
Est. value
$735,000
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
1969
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
13
Lot
1.11 ac
Current owner
From public records · entity-resolved
Hae Won Incorporation
Individual
Mailing address
12349 OLD GLENN HWY, EAGLE RIVER, AK 99577-7440
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Jan 17, 2023
—
Hae Won Incorporation
—
Deed
related
$91,008 · First National Bank Alaska
Jun 27, 2019
—
Hae Won INC
—
Deed
related
$100,000 · Plooy 2000 Trust
Dec 20, 2016
—
Hae Won Incorporation
—
Deed
related
$775,050 · First National Bank Alaska
—
—
Hae Won INC
—
Deed Of Trust
related
$100,000 · Plooy 2000 Trust
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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