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Property profile & analytics
OFF-MARKET
Estimated value
$1,440,000
Retail space
12400 Old Glenn Hwy Eagle River, AK 99577-7589
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US02-0377240
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1969
Total area
32,952 SF
Lot
5.46 ac (237,838 SF)
Zoning code
CE B3
APN
050-061-16-000
UPID
US02-0377240
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
-
Century 21 Realty Solutions - Melissa Flint - Realtor Real Estate Agency
-
The Workplace and Event Center Conference Center Trade Show Venue
-
Java Hut Cafe & Coffee Shop
-
NAIL TIME AND SPA Hair Salon Nail Salon
-
Faith Love 4 Wealth Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$955k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.92M
Blend (final)
Blend
$1.44M
Owner & transaction history
Mt Investments LLC · 21 yrs held
Mt Investments LLC
since 2005
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
$955,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,710,000
Current use
Blend value · Realmo final
$1.44M
Range $1.30M – $1.58M · ±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
$44 / 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
$67,621
Tax year 2023
Assessed value
$4,110,700
Assessed 2023
Previous assessed
$4,110,700
+0.0% YoY
Effective rate
1.64%
On assessed value
Assessed land
$2,886,800
Assessed improvement
$1,223,900
Land market value
$2,886,800
Improvement market value
$1,223,900
Total market value
$4,110,700
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1969
Heating
YES
Cooling
NONE
Stories
1
Total area
32,952 SF
Lot
5.46 ac (237,838 SF)
Zoning code
CE B3
APN
050-061-16-000
UPID
US02-0377240
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
$1.7M
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
1969
Heating
YES
Cooling
Yes
Stories
1
Lot
5.46 ac
Current owner
From public records · entity-resolved
Mt Investments LLC
Entity
Mailing address
2330 E 88TH AVE, ANCHORAGE, AK 99507-3810
Ownership since
2005
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
Jun 20, 2017
—
Mt Investments LLC
—
Deed
related
$2,600,000 · Wells Fargo Bk
Jun 10, 2005
—
Mt Investments LLC
Central Core Redev Corp
Warranty Deed
$1,425,000 · Central Core Redev Corp
—
—
Mt Investments LLC
—
Deed Of Trust
related
$1,500,000 · Wells Fargo Bank
—
—
Mt Investments LLC
—
Loan Modification
related
$2,600,000 · Wells Fargo Bk
—
—
Freeman Investments
—
Deed Of Trust
related
$524,000 · Wells Fargo Bank
—
—
Freeman Investments
—
Deed Of Trust
related
$1,000,000 · Wells Fargo Bank
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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