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Property profile & analytics

147 Pioneer Ave Homer, AK 99603-7531

  • Commercial real estate
  • 15,003 SF
  • 1.00 lot acres
OFF-MARKET
Value Estimations
$1,000,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US02-0086241
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

  • King's Landing Hotel / Hotel & Motel

Property Details for 147 Pioneer Ave

Year built
1946
Lot size
1.00 lot acres
Property size
15,003 SF
Property type
Commercial real estate
APN
177-192-32
APU
17719232

Description

This exceptional 15,003 square foot hotel presents a unique investment opportunity in the vibrant town of Homer, Alaska. Situated on a one-acre lot at 147 E Pioneer Avenue, this renowned 33-room establishment boasts a prime location within easy walking distance of Homer's most popular restaurants, bars, and art galleries. The hotel's strong occupancy rates and consistently excellent guest reviews demonstrate its established success and appeal to a wide range of travelers. The property's current performance provides a solid foundation for future growth, while the significant redevelopment potential offers exciting prospects for increasing revenue streams and maximizing return on investment. This presents a rare chance to acquire a well-established business with significant upside in a desirable Alaskan tourist destination. The substantial size of the property, combined with its central location and proven track record, makes this an attractive proposition for both seasoned investors and those seeking a lucrative venture in the hospitality sector. The existing infrastructure and strong reputation provide a solid base for expansion or renovation, allowing for the implementation of innovative strategies to further enhance the hotel's profitability and market position. This is a truly exceptional opportunity to own a piece of Homer's thriving tourism industry.


Value Estimations

based on Realmo’s proprietary methodology
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $945,000
    Market price range: $946k - $2.97M

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


Location Insight

  • Map
  • Local Demand
City
Homer
County
Kenai Peninsula
State
Alaska
Longitude
-151.542
Latitude
59.6454

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
$6,542
$176,200
$422,900
$599,100
-
$176,200
$422,900
$599,100
More about this property
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