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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Warehouses
17577 Old Glenn Hwy, Chugiak, AK 99567
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US02-0120462
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Construction
WOOD FRAME
Total area
10,176 SF
Lot
7.03 ac (306,227 SF)
Zoning code
CEI2SL
APN
051-252-18-000
UPID
US02-0120462
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
$570k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$746k
Blend (final)
Blend
$655k
Owner & transaction history
Klondike Concrete Co · 14 yrs held
Klondike Concrete Co
since 2011
4 recorded transactions
Zoning & alternative use
CEI2SL · Chugiak, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+30.7%
Restaurant
$995,000
+21.6%
Industrial (general)
$865,000
+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
$570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$815,000
Current use
COMMERCIAL (GENERAL)
$1,065,000
Change: +31% · Conversion: Difficult
RESTAURANT
$995,000
Change: +22% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$865,000
Change: +6% · Conversion: Easy
OFFICE BUILDING
$785,000
Change: -4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$765,000
Change: -6% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$765,000
Change: -6% · Conversion: Difficult
MEDICAL BUILDING
$750,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$64 / 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
$18,364
Tax year 2024
Assessed value
$1,248,400
Assessed 2024
Previous assessed
$1,216,100
+2.7% YoY
Effective rate
1.47%
On assessed value
Assessed land
$569,600
Assessed improvement
$678,800
Land market value
$569,600
Improvement market value
$678,800
Total market value
$1,248,400
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
NONE
Stories
1
Units
1
Total area
10,176 SF
Lot
7.03 ac (306,227 SF)
Zoning code
CEI2SL
APN
051-252-18-000
UPID
US02-0120462
Jurisdiction
ANCHORAGE
Zoning & alternative use
CEI2SL · Chugiak, AK
Zoning CEI2SL · permitted uses
CEI2SL · 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
$815,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
RESTAURANT
Est. value
$995,000
INDUSTRIAL (GENERAL)
Est. value
$865,000
OFFICE BUILDING
Est. value
$785,000
AUTO REPAIR, GARAGE
Est. value
$765,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$765,000
MEDICAL BUILDING
Est. value
$750,000
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
1998
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
7.03 ac
Current owner
From public records · entity-resolved
Klondike Concrete Co
Entity
Mailing address
PO BOX 671169, CHUGIAK, AK 99567-1169
Ownership since
2011
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
Jul 6, 2011
—
Klondike Concrete Co
Mathias,arthur C
Quit Claim Deed
related
—
—
—
Klondike Concrete Co
—
Loan Modification
related
—
—
—
Clyde G Armitstead JR.
—
Deed Of Trust
related
—
—
—
Klondike Concrete Co
—
Deed Of Trust
related
$680,000 · First Nat'l Bk/ak
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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