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Property profile & analytics
OFF-MARKET
Estimated value
$1,085,000
Strip malls
131 Bragaw St Anchorage, AK 99508-1306
Entity Owned
Absentee Owner
Free & Clear
Property ID
US02-0053858
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1962
Total area
54,663 SF
Lot
1.46 ac (63,598 SF)
Zoning code
B3 GENERAL BUSINESS
APN
005-035-23-000
UPID
US02-0053858
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
-
Mountain View Red Apple Pharmacy
-
Red Apple Market Grocery & Convenience Store Food Market
-
Red Apple Grocery & Convenience Store Food Market
-
Western Union Bank Credit Union
-
Cardtronics Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$1.09M
Owner & transaction history
HICKEL INVESTMENT CO
HICKEL INVESTMENT CO
Zoning & alternative use
B3 GENERAL BUSINESS · 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
$1,005,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.09M
Range $977k – $1.19M · ±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
$20 / 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
$43,731
Tax year 2023
Assessed value
$2,567,900
Assessed 2023
Previous assessed
$2,567,900
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$727,700
Assessed improvement
$1,840,200
Land market value
$727,700
Improvement market value
$1,840,200
Total market value
$2,567,900
Applied tax rate
1.0000
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
1962
Heating
YES
Cooling
NONE
Stories
1
Total area
54,663 SF
Lot
1.46 ac (63,598 SF)
Zoning code
B3 GENERAL BUSINESS
APN
005-035-23-000
UPID
US02-0053858
Jurisdiction
ANCHORAGE
Zoning & alternative use
B3 GENERAL BUSINESS · Anchorage, AK
Zoning B3 GENERAL BUSINESS · permitted uses
B3 GENERAL BUSINESS · 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.
Building & site characteristics
From public records
Year built
1962
Heating
YES
Cooling
Yes
Stories
1
Lot
1.46 ac
Current owner
From public records · entity-resolved
HICKEL INVESTMENT CO
Individual
Free & Clear · 0 yrs held
Mailing address
939 W 5TH AVE, ANCHORAGE, AK 99501-2049
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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