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    Property profile & analytics

    17025 Snowmobile Ln Eagle River, AK 99577-7044

    • Medical Office Space
    • 10,560 SF
    • 3.01 lot acres
    OFF-MARKET
    Last Sale
    Mar 02, 2020
    Value Estimations
    $715,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US02-0124312
    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

    • Daniel J. Cepela, MD / Physician
    • Leska James / Physician
    • John Lapkass / Physician
    • Stewart Kerr / Physician
    • Jared Kirkham / Physician

    Property Details for 17025 Snowmobile Ln

    Year built
    2007
    Construction
    WOOD FRAME
    Lot size
    3.01 lot acres
    Property size
    10,560 SF
    Zone code
    CEB3SL
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    051-362-08-000
    APU
    5136208000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $775,000
      Current use
      RESTAURANT
      $1,030,000
      Change: +33% Conversion: Difficult
      OFFICE BUILDING
      $955,000
      Change: +23% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $895,000
      Change: +15% Conversion: Difficult
      WAREHOUSE, STORAGE
      $815,000
      Change: +5% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $795,000
      Change: +2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Eagle River
    County
    Anchorage
    State
    Alaska
    Longitude
    -149.565
    Latitude
    61.3403
    CBSA code
    11260
    CBSA name
    ANCHORAGE, AK METROPOLITAN STATISTICAL AREA

    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
    $40,516
    $1,695,000
    $1,009,700
    $2,704,700
    -
    $1,695,000
    $1,009,700
    $2,704,700

    Comparable in this City

    • Value Estimation
      $545,000
      7,952 SF

      11470 Business Blvd

      MEDICAL BUILDING • 7,952 SF
      11470 Business Blvd, Eagle River, AK 99577-7780
      View Details
    • Value Estimation by Request
      1,170 SF

      16839 Park Pl St

      MEDICAL BUILDING • 1,170 SF
      16839 Park Pl St, Eagle River, AK 99577-7819
      View Details
    • Value Estimation
      $650,000
      9,788 SF

      13015 Old Glenn Hwy

      MEDICAL BUILDING • 9,788 SF
      13015 Old Glenn Hwy, Eagle River, AK 99577-7567
      View Details
    • Value Estimation
      $2,450,000
      20,538 SF

      17101 Snowmobile Ln

      MEDICAL BUILDING • 20,538 SF
      17101 Snowmobile Ln, Eagle River, AK 99577-7043
      View Details
    • Value Estimation
      $1,120,000
      63,114 SF

      16820 Coronado Rd

      HOMES (RETIRED, NURSING) • 63,114 SF
      16820 Coronado Rd, Eagle River, AK 99577-7427
      View Details
    • Value Estimation
      $1,975,000
      46,559 SF

      10928 Eagle Riv Rd

      OFFICE BUILDING (MULTI-STORY) • 46,559 SF
      10928 Eagle Riv Rd, Eagle River, AK 99577-8078
      View Details

    Similar Nearby for Sale

    • $2,400,000

      Medical Office Building For Sale

      Medical office building in downtown Eagle River with long-term tenants.
      11470 Business Blvd, Eagle River, AK 99577
      View Details
    • Contact for pricing

      Established Medical Office in Eagle River

      Full-service medical office with equipment in a central location.
      13012 Old Glenn Hwy, Eagle River, AK 99577
      View Details
    • Contact for pricing

      Established Automotive Repair Business Included

      Profitable automotive repair business with apartment in Eagle River.
      16907 Hanson Dr, Eagle River, AK 99577
      View Details

    Similar Nearby for Lease

    • Contact for pricing

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      View Details
    • $2 SF/Yr

      Eagle River Office Suite Available

      Office suite in Eagle River Financial Center, ready for occupancy.
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      Eagle River Office Space Available

      Office space for rent in Eagle River, ready for occupancy.
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      Eagle River Office Space Available

      Office space in Eagle River ready for immediate occupancy.
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    • $2 SF/Yr

      Eagle River Office/Classroom Space

      Office/classroom space available for immediate occupancy in Eagle River, AK.
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    • Contact for pricing

      Eagle River Retail Pad Opportunity

      Retail pad site available in high-traffic Safeway center.
      11409 Business Blvd, Eagle River, AK 99577
      View Details
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    Eagle River, AK 99577-7044
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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