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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Warehouses
16235 Old Glenn Hwy, Chugiak, AK 99567
Trust Owned
9-yr Hold
Free & Clear
Property ID
US02-0101068
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1978
Total area
7,243 SF
Lot
1.51 ac (65,776 SF)
Zoning code
CE B3
APN
051-292-47-000
UPID
US02-0101068
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$544k
Blend (final)
Blend
$585k
Owner & transaction history
Falcone,familye Trust · 9 yrs held
Falcone,familye Trust
since 2016
1 recorded transaction
Zoning & alternative use
CE B3 · Chugiak, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$760,000
+30.7%
Restaurant
$705,000
+21.6%
Industrial (general)
$615,000
+5.7%
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 Chugiak submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chugiak 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$580,000
Current use
COMMERCIAL (GENERAL)
$760,000
Change: +31% · Conversion: Difficult
RESTAURANT
$705,000
Change: +22% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$615,000
Change: +6% · Conversion: Easy
OFFICE BUILDING
$560,000
Change: -4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$545,000
Change: -6% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$545,000
Change: -6% · Conversion: Difficult
MEDICAL BUILDING
$530,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$81 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$13,398
Tax year 2024
Assessed value
$910,800
Assessed 2024
Previous assessed
$861,600
+5.7% YoY
Effective rate
1.47%
On assessed value
Assessed land
$141,200
Assessed improvement
$769,600
Land market value
$141,200
Improvement market value
$769,600
Total market value
$910,800
Applied tax rate
22.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1978
Heating
NONE
Cooling
NONE
Stories
2
Units
1
Total area
7,243 SF
Lot
1.51 ac (65,776 SF)
Zoning code
CE B3
APN
051-292-47-000
UPID
US02-0101068
Jurisdiction
ANCHORAGE
Zoning & alternative use
CE B3 · Chugiak, AK
Zoning CE B3 · permitted uses
CE B3 · Chugiak, AK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chugiak. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$580,000
COMMERCIAL (GENERAL)
Est. value
$760,000
RESTAURANT
Est. value
$705,000
INDUSTRIAL (GENERAL)
Est. value
$615,000
OFFICE BUILDING
Est. value
$560,000
AUTO REPAIR, GARAGE
Est. value
$545,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$545,000
MEDICAL BUILDING
Est. value
$530,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
INDUSTRIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
1978
Heating
NONE
Cooling
Yes
Stories
2
Units
1
Lot
1.51 ac
Current owner
From public records · entity-resolved
Falcone,familye Trust
Trust
Free & Clear · 9 yrs held
Mailing address
PO BOX 770248, EAGLE RIVER, AK 99577-0248
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2016
—
Falcone,familye Trust
Falcone,john J & Roberta A
Quit Claim Deed
related
—
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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