Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1900 1st Ave Ketchikan, AK 99901-6059
    Back to Search
    Property profile & analytics

    1900 1st Ave, Ketchikan, AK 99901-6059

    View on Map
    • Office Spaces
    • 38,601 SF
    • 1.79 lot acres
    Off-Market
    Property ID
    US02-0252467
    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.
    Value Estimations
    $3,680,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ketchikan Borough Finance Department / City Tax Office
    • Ketchikan Human Resources / City Government Office
    • Ketchikan Code Enforcement / City Government Office
    • Ketchikan Mayor & Assembly / City Government Office
    • Representative Kyle Johansen / State Government Office

    Property Details for 1900 1st Ave

    Year built
    1927
    Lot size
    1.79 lot acres
    Property type
    Office Spaces
    APN
    01-1333-001600
    APU
    11333001600

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 20, 2010 — Ketchikan Gateway Borough 1308 Properties LLC Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,890,000
      Current use
      WAREHOUSE, STORAGE
      $5,640,000
      Change: +45% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Ketchikan
    County
    Ketchikan Gateway
    State
    Alaska
    Longitude
    -131.668
    Latitude
    55.3495
    CBSA code
    28540
    CBSA name
    KETCHIKAN, AK MICROPOLITAN 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
    $0.00
    $914,200
    $8,637,800
    $9,552,000
    -
    $914,200
    $8,637,800
    $9,552,000

    Comparable in this City

    • Value Estimation
      $1,475,000
      18,840 SF

      615 Stedman St Ste 10010110

      OFFICE (GENERAL)
      615 Stedman St Ste 10010110, Ketchikan, AK 99901-6630
      View Details
    • Value Estimation by Request
      452 SF

      Ketchikan, AK 99901

      OFFICE (GENERAL)
      Ketchikan, AK 99901
      View Details
    • Value Estimation by Request
      385 SF

      Ketchikan, AK 99901

      OFFICE (GENERAL)
      Ketchikan, AK 99901
      View Details
    • Value Estimation by Request
      483 SF

      Ketchikan, AK 99901

      OFFICE (GENERAL)
      Ketchikan, AK 99901
      View Details
    • Value Estimation by Request
      8,560 SF

      429 Deermount St

      OFFICE (GENERAL)
      429 Deermount St, Ketchikan, AK 99901-6607
      View Details
    • Value Estimation by Request
      1,159 SF

      2050 Sea Level Dr Ste, Unit 105

      OFFICE (GENERAL)
      2050 Sea Level Dr Ste, Ketchikan, AK 99901-6058
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,750 SF

      Mixed-Use Building on Stedman Street

      Three-story mixed-use building with retail and office space.
      516 Stedman St, Ketchikan, AK 99901
      View Details
    • Contact for pricing
      5,344 SF

      Ketchikan Office Building with Views

      5,300 SF office building in Ketchikan's downtown hub.
      426 Main St, Ketchikan, AK 99901
      View Details
    • Contact for pricing

      Mixed-Use Building with Rental Income

      Three-story mixed-use building with existing rental income and conversion potential.
      516 Stedman St, Ketchikan, AK 99901
      View Details
    • $995,000
      17.42 Acres

      Light and Heavy Industrial Land

      In-town industrial parcel with multiple access points and over 4,600 SF building for light and heavy use under I-Industrial zoning.
      929 Stedman St, Ketchikan, AK 99901
      View Details
    • $422,000
      1,797 SF

      Ketchikan Commercial Condo - Downtown

      Prime Ketchikan Office Condo, 1797 sq ft.
      540 Water St Unit, Ketchikan, AK 99901
      View Details
    • $145,000
      0.20 Acres

      Oversized City Lot with Foundation Potential

      City utility access and RM zoning support single- or multi-dwelling development near key civic amenities.
      410/412 Deermount St, Ketchikan, AK 99901
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1900 1st Ave
    Ketchikan, AK 99901-6059
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1900 1st Ave, Ketchikan, AK, 99901
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!