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Property profile & analytics
OFF-MARKET
Garden apartment buildings
18911 Citation Rd Eagle River, AK 99577-8378
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US02-0010323
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1969
Construction
WOOD FRAME
Total area
2,158 SF
Lot
0.41 ac (17,955 SF)
Zoning code
CER1A
APN
050-221-07-000
UPID
US02-0010323
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Joshua R Pepper · 7 yrs held
Joshua R Pepper
since 2018
7 recorded transactions
Zoning & alternative use
CER1A · Eagle River, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,681
Tax year 2023
Assessed value
$238,000
Assessed 2023
Previous assessed
$238,000
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$114,100
Assessed improvement
$123,900
Land market value
$114,100
Improvement market value
$123,900
Total market value
$238,000
Applied tax rate
10.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1969
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
NONE
Stories
1
Units
4
Total area
2,158 SF
Lot
0.41 ac (17,955 SF)
Zoning code
CER1A
APN
050-221-07-000
UPID
US02-0010323
Jurisdiction
ANCHORAGE
Zoning & alternative use
CER1A · Eagle River, AK
Zoning CER1A · permitted uses
CER1A · 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.
Building & site characteristics
From public records
Year built
1969
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
4
Lot
0.41 ac
Current owner
From public records · entity-resolved
Joshua R Pepper
Individual
Mailing address
18911 CITATION RD, EAGLE RIVER, AK 99577-8378
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Sep 6, 2023
—
Joshua R Pepper
—
Deed
related
$13,859 · Cenlar Fsb
Feb 13, 2023
—
Joshua R Pepper
—
Deed
related
$36,145 · Cenlar Fsb
Dec 31, 2018
—
Joshua R Pepper
Nick Gleim
Warranty Deed
$287,693 · Alaska USA Mortgage Co LLC
Jul 1, 2016
—
Nick Gleim
—
Deed
related
$264,000 · Usaa
Nov 16, 2005
—
Nick Gleim
Watson,raymond L
Warranty Deed
$311,557 · Residential Mortgage Corp
Sep 30, 1998
—
Christopher P Buck
Walts,constr
Quit Claim Deed
related
$88,500 · Norwest Mortgage INC
—
—
Nick Gleim
—
Deed Of Trust
related
$264,000 · Usaa
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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