Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1400 43rd Ave Anchorage, AK 99503-6430

    • Garden apartment buildings
    • 3,304 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US02-0054553
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Garden apartment buildings

    Property Details for 1400 43rd Ave

    Year built
    1967
    Construction
    WOOD FRAME
    Lot size
    0.16 lot acres
    Property size
    3,304 SF
    Zone code
    R2M MULTI-FAMILY
    Property type
    Garden apartment buildings
    APN
    010-212-38-000
    APU
    1021238000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Anchorage
    County
    Anchorage
    State
    Alaska
    Longitude
    -149.909
    Latitude
    61.1817
    CBSA code
    11260
    CBSA name
    ANCHORAGE, AK METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,983
    $84,900
    $501,300
    $586,200
    -
    $84,900
    $501,300
    $586,200

    Comparable in this City

    • Value Estimation
      $715,000
      8,530 SF

      1303 23rd Ave

      GARDEN APT, COURT APT (5+ UNITS) • 8,530 SF
      1303 23rd Ave, Anchorage, AK 99503-1645
      View Details
    • Value Estimation
      $1,325,000
      28,702 SF

      1046 26th Ave

      GARDEN APT, COURT APT (5+ UNITS) • 28,702 SF
      1046 26th Ave, Anchorage, AK 99503-2437
      View Details
    • Value Estimation
      $1,380,000
      29,120 SF

      621 32nd Ave

      GARDEN APT, COURT APT (5+ UNITS) • 29,120 SF
      621 32nd Ave, Anchorage, AK 99503-4646
      View Details
    • Value Estimation
      $1,075,000
      9,920 SF

      218 Clover Holw Ct

      GARDEN APT, COURT APT (5+ UNITS) • 9,920 SF
      218 Clover Holw Ct, Anchorage, AK 99503-2046
      View Details
    • Value Estimation
      $1,175,000
      16,668 SF

      4003 Minnesota Dr

      GARDEN APT, COURT APT (5+ UNITS) • 16,668 SF
      4003 Minnesota Dr, Anchorage, AK 99503-6451
      View Details
    • Value Estimation
      $805,000
      10,903 SF

      1002 30th Ave

      GARDEN APT, COURT APT (5+ UNITS) • 10,903 SF
      1002 30th Ave, Anchorage, AK 99503-3763
      View Details

    Similar Nearby for Sale

    • $1,599,900
      11,420 SF

      Anchorage Multifamily Investment Opportunity

      Midtown Anchorage 8-plex with updated units and income potential.
      808 W 29Th Pl, Anchorage, AK 99503
      View Details
    • $2,500,000

      RV Space Rental Property

      RV space rental property with additional income potential.
      2150 Seward Hwy, Anchorage, AK 99503
      View Details
    • $1,100,000
      21,401 SF

      Anchorage Multi-Family Portfolio

      18-unit portfolio, high ROI potential.
      2607 Arctic Blvd, Anchorage, AK 99503
      View Details
    • $550,000

      Mixed-Use Building with Vacant Lot

      Renovated mixed-use property with apartment, office, and adjacent commercial lot.
      1201 W 33Rd Ave, Anchorage, AK 99503
      View Details
    • $325,000

      Anchorage Multi-Family Land

      3.68 Acres, R2M Zoning, Prime Location
      3901 Hayes St, Anchorage, AK 99503
      View Details
    • $3,300,000
      19,333 SF

      Anchorage Office Building - $3.3M

      Fully Leased, Midtown Anchorage Office Building
      375 36Th Ave, Anchorage, AK 99503
      View Details

    Similar Nearby for Lease

    • $9,071 /Mo

      Anchorage Commercial Land for Lease

      Commercial land available for lease in Anchorage, Alaska.
      3380 Midtown Pl, Anchorage, AK 99503
      View Details
    • $2 SF/Yr

      Midtown Anchorage Business Park Office

      Class B office suites with private entrances in midtown Anchorage.
      4711 Business Park Blvd, Anchorage, AK 99503
      View Details
    • $2 SF/Yr

      Class A Office Building

      Class A office building in Midtown Anchorage with modern amenities.
      3601 C St, Anchorage, AK 99503
      View Details
    • $2 SF/Yr

      Midtown Anchorage Business Park Office

      Class B office suites with private entrances in midtown Anchorage.
      4401 Business Park Blvd, Anchorage, AK 99503
      View Details
    • $2 SF/Yr

      Class A Office Space Available

      First floor office space in midtown professional office park.
      3801 Centerpoint Dr, Anchorage, AK 99503
      View Details
    • $1.75 SF/Yr

      Anchorage Office/Retail/Medical Space Available

      Office, retail, or medical space for lease in West Anchorage.
      1200 W Northern Lights Blvd, Anchorage, AK 99503
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1400 43rd Ave
    Anchorage, AK 99503-6430
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.