Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,440,000
Garden apartment buildings
1540 Charter Cir Anchorage, AK 99508-2947
Individually Owned
16-yr Hold
Free & Clear
Property ID
US02-0016071
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2011
Total area
20,407 SF
Lot
0.84 ac (36,571 SF)
Zoning code
R4SL MULTI-FAMILY
APN
004-111-16-000
UPID
US02-0016071
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
-
Connolly Square Apartments
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.73M
Blend (final)
Blend
$1.44M
Owner & transaction history
Anchorage Nbrhd Hsng Svs · 16 yrs held
Anchorage Nbrhd Hsng Svs
since 2009
7 recorded transactions
Zoning & alternative use
R4SL MULTI-FAMILY · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.2M
+43.1%
Retail stores
$2.0M
+33.5%
Medical building
$2.0M
+33.2%
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
$1,145,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,510,000
Current use
OFFICE BUILDING
$2,160,000
Change: +43% · Conversion: Moderate
RETAIL STORES
$2,015,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$2,010,000
Change: +33% · Conversion: Moderate
RESTAURANT
$1,965,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,545,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$1.44M
Range $1.30M – $1.58M · ±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
$71 / 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
$43,105
Tax year 2023
Assessed value
$2,531,100
Assessed 2023
Previous assessed
$2,531,100
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$239,100
Assessed improvement
$2,292,000
Land market value
$239,100
Improvement market value
$2,292,000
Total market value
$2,531,100
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2011
Heating
HOT WATER
Cooling
NONE
Stories
2
Units
20
Total area
20,407 SF
Lot
0.84 ac (36,571 SF)
Zoning code
R4SL MULTI-FAMILY
APN
004-111-16-000
UPID
US02-0016071
Jurisdiction
ANCHORAGE
Zoning & alternative use
R4SL MULTI-FAMILY · Anchorage, AK
Zoning R4SL MULTI-FAMILY · permitted uses
R4SL MULTI-FAMILY · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.5M
OFFICE BUILDING
Est. value
$2.2M
RETAIL STORES
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$2.0M
RESTAURANT
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
RESTAURANT
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
2011
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
20
Lot
0.84 ac
Current owner
From public records · entity-resolved
Anchorage Nbrhd Hsng Svs
Individual
Free & Clear · 16 yrs held
Mailing address
2515 A ST, ANCHORAGE, AK 99503-2709
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2016
—
Anchorage Neighborhood Housing Serv
—
Deed
related
$493,640 · Alaska Housing Finance Corp
Dec 28, 2009
—
Anchorage Nbrhd Hsng Svs
Ambruz,gary
Warranty Deed
related
—
Sep 30, 2009
—
Gary Ambruz
Hallmark Investment LLC
Warranty Deed
related
—
Jun 30, 2005
—
Hallmark Investments LLC
Twigga LLC
Warranty Deed
$402,845 · Twigga LLC
Apr 29, 2002
—
Palmer Trust
West,calvin
Grant Deed
related
—
—
—
Hallmark Investments LLC
—
Deed Of Trust
related
$390,000 · Northrim Bank
—
—
Connolly Square INC
—
Deed Of Trust
related
$4,362,900 · Hud
—
—
Connolly Square INC
—
Loan Modification
related
$4,488,419 · Hud
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1540 Charter Cir?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
