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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Strip malls
12870 Old Seward Hwy Anchorage, AK 99515-3510
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US02-0003476
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Construction
WOOD FRAME
Total area
15,640 SF
Lot
2.09 ac (91,040 SF)
Zoning code
I1
APN
018-072-48-000
UPID
US02-0003476
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
-
Lehis Barbershop Barber Shop
-
Taxidermy Shop Taxidermist
-
MGJ Building Group, Inc. Construction Company
-
VFW Post 9981 Advocacy Group Social Service Agency
-
Elevate Fitness Boutique Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$605k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$487k
Blend (final)
Blend
$545k
Owner & transaction history
Bdmg Ventures LLC · 6 yrs held
Bdmg Ventures LLC
since 2019
7 recorded transactions
Zoning & alternative use
I1 · Anchorage, 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 Anchorage submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Anchorage 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
$605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$585,000
Current use
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$35 / 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
$24,493
Tax year 2023
Assessed value
$1,438,200
Assessed 2023
Effective rate
1.70%
On assessed value
Assessed land
$980,100
Assessed improvement
$458,100
Land market value
$980,100
Improvement market value
$458,100
Total market value
$1,438,200
Applied tax rate
3.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1985
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
NONE
Total area
15,640 SF
Lot
2.09 ac (91,040 SF)
Zoning code
I1
APN
018-072-48-000
UPID
US02-0003476
Jurisdiction
ANCHORAGE
Zoning & alternative use
I1 · Anchorage, AK
Zoning I1 · permitted uses
I1 · Anchorage, AK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Anchorage. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$585,000
NEIGHBORHOOD: SHOPPING CENTER 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
1985
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Lot
2.09 ac
Current owner
From public records · entity-resolved
Bdmg Ventures LLC
Entity
Mailing address
12868 OLD SEWARD HWY #108, ANCHORAGE, AK 99515-3510
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2019
—
Bdmg Ventures LLC
Norman L Bristow
Warranty Deed
$500,000 · First National Bank Alaska
Apr 14, 2008
—
Norman L Bristow
Aec Hw-2 LLC
Warranty Deed
related
—
Oct 24, 2007
—
Norman L Bristow
Morrissette,hyon N
Warranty Deed
$850,000 · First National Bank Alaska
Sep 16, 2004
—
Hyon N Morrissette
H & L Investments LLC
Warranty Deed
$1,050,000 · First National Bank Alaska
Apr 7, 2004
—
H & L Investments LLC
—
Trustees Deed
related
$165,000 · Deanna L Partow
Nov 14, 2002
—
H & L Investments LLC
Schneider Family Partnership
Grant Deed
$894,750 · First National Bank Alaska
—
—
H & L Investments LLC
—
Deed Of Trust
related
$76,000 · Dan O'phelan
—
—
H & L Investments LLC
—
Deed Of Trust
related
$106,000 · Kevin Elfrink
—
—
Norman L Bristow
—
Deed Of Trust
related
$850,000 · 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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