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Property profile & analytics
OFF-MARKET
Estimated value
$1,895,000
Garden apartment buildings
16510 Centerfield Dr Eagle River, AK 99577-7763
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US02-0086677
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1985
Construction
WOOD FRAME
Total area
39,666 SF
Lot
3.86 ac (168,142 SF)
Zoning code
CE RO
APN
050-162-63-000
UPID
US02-0086677
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
-
Wood River Park Apartments Llc Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.41M
Blend (final)
Blend
$1.90M
Owner & transaction history
Berlin Rose LLC · 5 yrs held
Berlin Rose LLC
since 2021
7 recorded transactions
Zoning & alternative use
CE RO · Eagle River, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$3.1M
+33.8%
Auto repair, garage
$3.0M
+30.3%
Medical building
$2.9M
+27.2%
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 Eagle River submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eagle River 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
$1,380,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,290,000
Current use
WAREHOUSE, STORAGE
$3,065,000
Change: +34% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,985,000
Change: +30% · Conversion: Difficult
MEDICAL BUILDING
$2,915,000
Change: +27% · Conversion: Moderate
Blend value · Realmo final
$1.90M
Range $1.71M – $2.08M · ±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
$48 / 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
$75,974
Tax year 2023
Assessed value
$4,563,000
Assessed 2023
Previous assessed
$4,563,000
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$802,700
Assessed improvement
$3,760,300
Land market value
$802,700
Improvement market value
$3,760,300
Total market value
$4,563,000
Applied tax rate
50.0000
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
1985
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
NONE
Units
63
Total area
39,666 SF
Lot
3.86 ac (168,142 SF)
Zoning code
CE RO
APN
050-162-63-000
UPID
US02-0086677
Jurisdiction
ANCHORAGE
Zoning & alternative use
CE RO · Eagle River, AK
Zoning CE RO · permitted uses
CE RO · Eagle River, AK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Eagle River. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
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
1985
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
Yes
Units
63
Lot
3.86 ac
Current owner
From public records · entity-resolved
Berlin Rose LLC
Entity
Mailing address
PO BOX 260770, ENCINO, CA 91426-0770
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2021
—
Berlin Rose LLC
Wood Riv Pk Invs Grp LLC
Quit Claim Deed
related
$5,280,000 · Walker & Dunlop
Mar 30, 2017
—
Wood River Park Investment Group Ll
Larry Sabor Koch
Warranty Deed
$3,850,000 · Northrim Bank
Dec 3, 2015
—
Koch,larry S Living Trust
Wood River Park Apartments LLC
Quit Claim Deed
related
—
May 9, 2012
—
Wood River Park Apartments LLC
Koch Larry S Living Trust
Quit Claim Deed
related
—
Aug 22, 2011
—
Koch Larry S Living Trust
Wood River Park Apartments LLC
Quit Claim Deed
related
—
Mar 3, 2009
—
Wood River Park Apartments LLC
Larry Sabor Koch
Quit Claim Deed
related
$2,980,000 · Wells Fargo Bank NA
—
—
Wood River Park Apartments LLC
—
Deed Of Trust
related
$2,800,000 · Arbor Commercial Funding LLC
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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