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Property profile & analytics
OFF-MARKET
Estimated value
$320,000
Medical Office Space
12900 Old Seward Hwy Anchorage, AK 99515-3801
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US02-0109512
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1967
Construction
WOOD FRAME
Total area
3,525 SF
Lot
0.46 ac (20,000 SF)
Zoning code
RO RES OFFICE
APN
018-072-06-000
UPID
US02-0109512
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
-
Thomas J Munger III, DDS Dental Office
-
Cranio-Facial Pain Center Dental Office
-
Sleep Well, LLC Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$320k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$320k
Owner & transaction history
Thomas J Munger III · 2 yrs held
Thomas J Munger III
since 2024
4 recorded transactions
Zoning & alternative use
RO RES OFFICE · 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
$320,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$320k
Range $288k – $352k · ±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
$91 / 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
$9,802
Tax year 2023
Assessed value
$575,600
Assessed 2023
Previous assessed
$575,600
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$130,700
Assessed improvement
$444,900
Land market value
$130,700
Improvement market value
$444,900
Total market value
$575,600
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1967
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
NONE
Stories
2
Units
1
Total area
3,525 SF
Lot
0.46 ac (20,000 SF)
Zoning code
RO RES OFFICE
APN
018-072-06-000
UPID
US02-0109512
Jurisdiction
ANCHORAGE
Zoning & alternative use
RO RES OFFICE · Anchorage, AKZoning RO RES OFFICE · permitted uses
RO RES OFFICE · Anchorage, AK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1967
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Thomas J Munger III
Individual
Mailing address
12900 OLD SEWARD HWY, ANCHORAGE, AK 99515-3801
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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 6, 2024
—
Thomas J Munger III
—
Deed
related
$165,000 · Northrim Bank
—
—
Munger,thomas J III & Joanne S
—
Loan Modification
related
$235,716 · Wells Fargo Bk
—
—
Thomas J Munger
—
Deed Of Trust
related
$100,000 · Wells Fargo Bank Alaska NA
—
—
Shelley A Eggert
—
Deed Of Trust
related
$28,000 · Mauri
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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