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Property profile & analytics
OFF-MARKET
Estimated value
$2,900,000
Grocery and convenience stores
1725 Abbott Rd, Anchorage, AK 99507-3444
Entity Owned
8-yr Hold
Free & Clear
Property ID
US02-0087082
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2002
Construction
WOOD FRAME
Total area
73,505 SF
Lot
8.78 ac (382,457 SF)
Zoning code
I2 HEAVY INDUSTRIAL
APN
014-263-45-000
UPID
US02-0087082
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
-
Starbucks Cafe & Coffee Shop
-
Oaken Keg Spirit Shops Specialty Food Shop Wine and Liquor Store
-
Carrs Grocery & Convenience Store Food Market
-
FedEx OnSite Postal Service Courier Service
-
Brandon Bohn Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.90M
Owner & transaction history
7978 Associates Xi LLC · 8 yrs held
7978 Associates Xi LLC
since 2017
4 recorded transactions
Zoning & alternative use
I2 HEAVY INDUSTRIAL · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$4.3M
+17.2%
Industrial (general)
$4.1M
+12.8%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$3,670,000
Current use
WAREHOUSE, STORAGE
$4,300,000
Change: +17% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,140,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$2.90M
Range $2.61M – $3.19M · ±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
$39 / 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
$202,366
Tax year 2023
Assessed value
$11,882,900
Assessed 2023
Previous assessed
$11,882,900
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$6,055,300
Assessed improvement
$5,827,600
Land market value
$6,055,300
Improvement market value
$5,827,600
Total market value
$11,882,900
Applied tax rate
3.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2002
Construction
WOOD FRAME
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
73,505 SF
Lot
8.78 ac (382,457 SF)
Zoning code
I2 HEAVY INDUSTRIAL
APN
014-263-45-000
UPID
US02-0087082
Jurisdiction
ANCHORAGE
Zoning & alternative use
I2 HEAVY INDUSTRIAL · Anchorage, AK
Zoning I2 HEAVY INDUSTRIAL · permitted uses
I2 HEAVY INDUSTRIAL · 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
RETAIL STORES Current
Est. value
$3.7M
WAREHOUSE, STORAGE
Est. value
$4.3M
INDUSTRIAL (GENERAL)
Est. value
$4.1M
RETAIL STORES Current
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
8.78 ac
Current owner
From public records · entity-resolved
7978 Associates Xi LLC
Entity
Free & Clear · 8 yrs held
Mailing address
7978 COOPER CRK BLVD, UNIVERSITY PARK, FL 34201-2139
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2018
—
Randalls Food & Drugs LP
—
Loan Modification
related
—
Nov 2, 2017
—
7978 Associates Xi LLC
Randalls Food & Drugs LP
Grant Deed
related
—
—
—
Randalls Food & Drugs LP
—
Deed Of Trust
related
—
—
—
Randalls Food & Drugs LP
—
Deed Of Trust
related
$1,145,000,000 · * Other Institutional Lenders
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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