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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Warehouses
12951 Maddison Cir, Wasilla, AK 99623
Entity Owned
1-yr Hold
Free & Clear
Property ID
US02-0173711
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2009
Total area
10,080 SF
Lot
2.37 ac (103,237 SF)
Zoning code
32
APN
5869000L003
UPID
US02-0173711
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$778k
Blend (final)
Blend
$745k
Owner & transaction history
Lloyd Chew Big Lake LLC · 1 yrs held
Lloyd Chew Big Lake LLC
since 2025
7 recorded transactions
Zoning & alternative use
32 · Wasilla, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+83.2%
Industrial (general)
$755,000
+23.9%
Restaurant
$640,000
+4.9%
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 Wasilla submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wasilla 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$610,000
Current use
RETAIL STORES
$1,120,000
Change: +83% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$755,000
Change: +24% · Conversion: Easy
RESTAURANT
$640,000
Change: +5% · Conversion: Difficult
MEDICAL BUILDING
$500,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$745k
Range $671k – $820k · ±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
$74 / 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
$13,684
Tax year 2023
Assessed value
$1,032,800
Assessed 2023
Previous assessed
$923,400
+11.8% YoY
Effective rate
1.32%
On assessed value
Assessed land
$61,900
Assessed improvement
$970,900
Land market value
$61,900
Improvement market value
$970,900
Total market value
$1,032,800
Applied tax rate
32.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2009
Heating
NONE
Total area
10,080 SF
Lot
2.37 ac (103,237 SF)
Zoning code
32
APN
5869000L003
UPID
US02-0173711
Jurisdiction
MATANUSKA-SUSITNA
Zoning & alternative use
32 · Wasilla, AK
Zoning 32 · permitted uses
32 · Wasilla, AK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wasilla. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$610,000
RETAIL STORES
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$755,000
RESTAURANT
Est. value
$640,000
MEDICAL BUILDING
Est. value
$500,000
WAREHOUSE, STORAGE Current
RETAIL STORES
INDUSTRIAL (GENERAL)
RESTAURANT
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
2009
Heating
NONE
Lot
2.37 ac
Current owner
From public records · entity-resolved
Lloyd Chew Big Lake LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 660, SNOHOMISH, WA 98291-0660
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2025
—
Lloyd Chew Big Lake LLC
Lloyd Chew
Quitclaim Deed
related
—
Apr 17, 2009
—
Lloyd D Chew
—
Trustees Deed
related
$415,000 · First National Bank Alaska
Jan 28, 2009
—
Lloyd D Chew
Big Lake Ventures LLC
Warranty Deed
—
—
—
Chew,lloyd D
—
Deed Of Trust
related
$750,000 · Coastal Cmnty Bk
—
—
Chew,lloyd D
—
Deed Of Trust
related
$500,000 · Key Bank & Trust
—
—
Chew,lloyd D
—
Deed Of Trust
related
$244,000 · Key Bank & Trust
—
—
Lloyd D Chew
—
Deed Of Trust
related
$100,000 · Key Bank & 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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