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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Retail space
16835 Snowmobile Ln Eagle River, AK 99577-7055
Entity Owned
20-yr Hold
Free & Clear
Property ID
US02-0086652
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2002
Construction
STEEL FRAME
Total area
8,775 SF
Lot
2.65 ac (115,434 SF)
Zoning code
CEB3SL
APN
051-362-07-000
UPID
US02-0086652
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
-
Eagle River Polaris Arctic Cat Snowmobile Dealer Atv Dealer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$613k
Blend (final)
Blend
$585k
Owner & transaction history
Polaris Land LLC · 20 yrs held
Polaris Land LLC
since 2006
3 recorded transactions
Zoning & alternative use
CEB3SL · Eagle River, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$855,000
+87.9%
Office building
$795,000
+74.2%
Industrial (general)
$745,000
+63.3%
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
$560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$455,000
Current use
RESTAURANT
$855,000
Change: +88% · Conversion: Easy
OFFICE BUILDING
$795,000
Change: +74% · Conversion: Easy
INDUSTRIAL (GENERAL)
$745,000
Change: +63% · Conversion: Difficult
WAREHOUSE, STORAGE
$680,000
Change: +49% · Conversion: Difficult
AUTO REPAIR, GARAGE
$660,000
Change: +45% · Conversion: Difficult
MEDICAL BUILDING
$645,000
Change: +42% · 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
$67 / 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
$20,845
Tax year 2023
Assessed value
$1,391,500
Assessed 2023
Previous assessed
$1,391,500
+0.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$1,093,200
Assessed improvement
$298,300
Land market value
$1,093,200
Improvement market value
$298,300
Total market value
$1,391,500
Applied tax rate
22.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
NONE
Stories
1
Units
1
Total area
8,775 SF
Lot
2.65 ac (115,434 SF)
Zoning code
CEB3SL
APN
051-362-07-000
UPID
US02-0086652
Jurisdiction
ANCHORAGE
Zoning & alternative use
CEB3SL · Eagle River, AK
Zoning CEB3SL · permitted uses
CEB3SL · 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
RETAIL STORES Current
Est. value
$455,000
RESTAURANT
Est. value
$855,000
OFFICE BUILDING
Est. value
$795,000
INDUSTRIAL (GENERAL)
Est. value
$745,000
WAREHOUSE, STORAGE
Est. value
$680,000
AUTO REPAIR, GARAGE
Est. value
$660,000
MEDICAL BUILDING
Est. value
$645,000
RETAIL STORES Current
RESTAURANT
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
2.65 ac
Current owner
From public records · entity-resolved
Polaris Land LLC
Entity
Free & Clear · 20 yrs held
Mailing address
16835 SNOWMOBILE LN, EAGLE RIVER, AK 99577-7055
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2006
—
Polaris Land LLC
Hughes,george W
Warranty Deed
related
—
Aug 26, 2002
—
George W Hughes
Polaris North LLC
Quit Claim Deed
related
—
—
—
Paul W Hughes
—
Deed Of Trust
related
$1,500,000 · George W & Nancy A Hughes
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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