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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Medical Office Space
13015 Old Glenn Hwy Eagle River, AK 99577-7567
Entity Owned
12-yr Hold
Free & Clear
Property ID
US02-0156457
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2014
Total area
9,788 SF
Lot
0.95 ac (41,183 SF)
Zoning code
CE B3
APN
050-033-10-000
UPID
US02-0156457
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
-
Dr. Alfred M. Land IV, DMD Dental Office
-
Summit Dental Laboratory Dental Office
-
Eagle Summit Dental Group Dental Office
-
Dr. Michael Sanders DMD, DICOI, DABOI Dental Office
-
Jared Crawford Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$485k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$818k
Blend (final)
Blend
$650k
Owner & transaction history
Aspen Investment Props LLC · 12 yrs held
Aspen Investment Props LLC
since 2013
7 recorded transactions
Zoning & alternative use
CE B3 · Eagle River, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$955,000
+32.7%
Office building
$885,000
+23.0%
Industrial (general)
$830,000
+15.3%
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
$485,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$720,000
Current use
RESTAURANT
$955,000
Change: +33% · Conversion: Difficult
OFFICE BUILDING
$885,000
Change: +23% · Conversion: Easy
INDUSTRIAL (GENERAL)
$830,000
Change: +15% · Conversion: Difficult
WAREHOUSE, STORAGE
$755,000
Change: +5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$735,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±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
$66 / 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
$36,628
Tax year 2023
Assessed value
$2,199,900
Assessed 2023
Previous assessed
$2,199,900
+0.0% YoY
Effective rate
1.66%
On assessed value
Assessed land
$666,800
Assessed improvement
$1,533,100
Land market value
$666,800
Improvement market value
$1,533,100
Total market value
$2,199,900
Applied tax rate
50.0000
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
2014
Heating
FORCED AIR
Cooling
NONE
Stories
2
Units
1
Total area
9,788 SF
Lot
0.95 ac (41,183 SF)
Zoning code
CE B3
APN
050-033-10-000
UPID
US02-0156457
Jurisdiction
ANCHORAGE
Zoning & alternative use
CE B3 · Eagle River, AKZoning 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
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$720,000
RESTAURANT
Est. value
$955,000
OFFICE BUILDING
Est. value
$885,000
INDUSTRIAL (GENERAL)
Est. value
$830,000
WAREHOUSE, STORAGE
Est. value
$755,000
AUTO REPAIR, GARAGE
Est. value
$735,000
MEDICAL BUILDING Current
RESTAURANT
OFFICE BUILDING
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
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
2014
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Lot
0.95 ac
Current owner
From public records · entity-resolved
Aspen Investment Props LLC
Entity
Free & Clear · 12 yrs held
Mailing address
13015 OLD GLENN HWY STE #200, EAGLE RIVER, AK 99577-7567
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
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
May 23, 2014
—
Aspen Investment Props LLC
—
Deed Of Trust
related
$2,203,124 · Keybank USA
Nov 27, 2013
—
Aspen Investment Props LLC
List Trust
Warranty Deed
related
—
May 5, 2008
—
List Trust
List,lynell C & Martinus R
Quit Claim Deed
related
—
Dec 17, 2007
—
Martinus R List
Emmi-list Ptshp
Quit Claim Deed
related
—
Feb 20, 2003
—
Emmi List Partnership
Emmi,john E
Quit Claim Deed
related
$188,217 · First National Bank Alaska
—
—
Aspen Investment Props LLC
—
Deed Of Trust
$195,000 · Key Bank & Trust
—
—
Aspen Investment Props LLC
—
Deed Of Trust
related
$1,795,000 · Evergreen Busn Cap
—
—
Aspen Investment Props LLC
—
Loan Modification
related
$2,203,124 · Keybank USA
—
—
Aspen Investment Props LLC
—
Deed Of Trust
related
$2,203,124 · Keybank USA
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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