New search
Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Warehouses
19200 Kerbow Ln, Chugiak, AK 99567
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US02-0161110
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2014
Total area
7,200 SF
Lot
17.46 ac (760,558 SF)
Zoning code
CEPLI
APN
051-194-14-000
UPID
US02-0161110
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
$435k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$620k
Blend (final)
Blend
$525k
Owner & transaction history
Michael R Wehr · 7 yrs held
Michael R Wehr
since 2018
1 recorded transaction
Zoning & alternative use
CEPLI · Chugiak, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$755,000
+30.7%
Restaurant
$700,000
+21.6%
Industrial (general)
$610,000
+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
$435,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$575,000
Current use
COMMERCIAL (GENERAL)
$755,000
Change: +31% · Conversion: Difficult
RESTAURANT
$700,000
Change: +22% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$610,000
Change: +6% · Conversion: Easy
OFFICE BUILDING
$555,000
Change: -4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$540,000
Change: -6% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$540,000
Change: -6% · Conversion: Difficult
MEDICAL BUILDING
$530,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$73 / 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
$15,262
Tax year 2024
Assessed value
$1,037,500
Assessed 2024
Previous assessed
$1,021,800
+1.5% YoY
Effective rate
1.47%
On assessed value
Assessed land
$396,500
Assessed improvement
$641,000
Land market value
$396,500
Improvement market value
$641,000
Total market value
$1,037,500
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
2014
Heating
FORCED AIR
Cooling
NONE
Stories
1
Units
1
Total area
7,200 SF
Lot
17.46 ac (760,558 SF)
Zoning code
CEPLI
APN
051-194-14-000
UPID
US02-0161110
Jurisdiction
ANCHORAGE
Zoning & alternative use
CEPLI · Chugiak, AK
Zoning CEPLI · permitted uses
CEPLI · 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
$575,000
COMMERCIAL (GENERAL)
Est. value
$755,000
RESTAURANT
Est. value
$700,000
INDUSTRIAL (GENERAL)
Est. value
$610,000
OFFICE BUILDING
Est. value
$555,000
AUTO REPAIR, GARAGE
Est. value
$540,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$540,000
MEDICAL BUILDING
Est. value
$530,000
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
2014
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
17.46 ac
Current owner
From public records · entity-resolved
Michael R Wehr
Individual
Mailing address
PO BOX 196650, ANCHORAGE, AK 99519-6650
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2018
—
Michael R Wehr
Konstanze Frost Halford
Warranty Deed
$430,000 · Larry E & Carolyn M Wear
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 19200 Kerbow Ln?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
