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Property profile & analytics
OFF-MARKET
Estimated value
$1,595,000
Hotels
1846 64th Ave Anchorage, AK 99507-2189
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US02-0159478
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2015
Total area
40,305 SF
Lot
5 ac (217,800 SF)
Zoning code
R5 RURAL RESIDENTIAL
APN
014-052-04-000
UPID
US02-0159478
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
-
Rilke Schule Verein Charitable Organization Social Service Agency
-
Rilke Schule German School of Arts and Sciences Language School
-
SamstagsSchule Language School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.81M
Blend (final)
Blend
$1.60M
Owner & transaction history
Kiska Cs LLC · 11 yrs held
Kiska Cs LLC
since 2015
7 recorded transactions
Zoning & alternative use
R5 RURAL RESIDENTIAL · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$2.4M
+84.3%
Industrial (general)
$2.3M
+77.4%
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
$1,380,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,280,000
Current use
WAREHOUSE, STORAGE
$2,360,000
Change: +84% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,270,000
Change: +77% · Conversion: Difficult
Blend value · Realmo final
$1.60M
Range $1.44M – $1.75M · ±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
$40 / 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
$131,623
Tax year 2023
Assessed value
$7,728,900
Assessed 2023
Previous assessed
$7,728,900
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$733,400
Assessed improvement
$6,995,500
Land market value
$733,400
Improvement market value
$6,995,500
Total market value
$7,728,900
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2015
Heating
FORCED AIR
Cooling
NONE
Stories
2
Total area
40,305 SF
Lot
5 ac (217,800 SF)
Zoning code
R5 RURAL RESIDENTIAL
APN
014-052-04-000
UPID
US02-0159478
Jurisdiction
ANCHORAGE
Zoning & alternative use
R5 RURAL RESIDENTIAL · Anchorage, AK
Zoning R5 RURAL RESIDENTIAL · permitted uses
R5 RURAL RESIDENTIAL · 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
HOTEL/MOTEL Current
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$2.4M
INDUSTRIAL (GENERAL)
Est. value
$2.3M
HOTEL/MOTEL 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
2015
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
5 ac
Current owner
From public records · entity-resolved
Kiska Cs LLC
Entity
Free & Clear · 11 yrs held
Mailing address
425 G ST STE #210, ANCHORAGE, AK 99501-2169
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Dec 23, 2025
—
Kiska Cs LLC
—
Deed
related
$4,500,000 · Key Bank NA
Apr 24, 2015
—
Kiska Cs LLC
—
Trustees Deed
related
$7,500,000 · Wells Fargo Bk
Mar 3, 2015
—
Kiska Cs LLC
Criterion General INC
Warranty Deed
related
—
Jan 5, 2015
—
Criterion General INC
C3 LLC
Quit Claim Deed
related
—
Dec 17, 2013
—
C3 LLC
Alaska Corp Of Seventh-day Advent
Warranty Deed
$540,000 · Alaska Corp/seventh-day Advent
Dec 29, 2006
—
Alaska Corp Of Seventh Day Advent
Ingalls,halett E
Warranty Deed
$200,000 · Real Property Services LLC
Jun 9, 2004
—
Halett E Ingalls
Sells Charles H & Myrna M
Warranty Deed
related
—
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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