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Property profile & analytics
OFF-MARKET
Estimated value
$1,790,000
Garden apartment buildings
200 Mccarrey St Anchorage, AK 99508-2346
Entity Owned
22-yr Hold
Free & Clear
Property ID
US02-0376956
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1967
Construction
WOOD FRAME
Total area
27,636 SF
Lot
3.08 ac (134,165 SF)
Zoning code
R3 MULTI-FAMILY
APN
006-291-03-000
UPID
US02-0376956
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
$1.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.35M
Blend (final)
Blend
$1.79M
Owner & transaction history
Mccarrey Glenn Apartments LLC · 22 yrs held
Mccarrey Glenn Apartments LLC
since 2004
3 recorded transactions
Zoning & alternative use
R3 MULTI-FAMILY · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.9M
+43.1%
Retail stores
$2.7M
+33.5%
Medical building
$2.7M
+33.2%
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
$1,235,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,040,000
Current use
OFFICE BUILDING
$2,920,000
Change: +43% · Conversion: Moderate
RETAIL STORES
$2,725,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$2,720,000
Change: +33% · Conversion: Moderate
RESTAURANT
$2,660,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,095,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$1.79M
Range $1.61M – $1.97M · ±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
$65 / 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
$75,014
Tax year 2023
Assessed value
$4,404,800
Assessed 2023
Previous assessed
$4,404,800
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$692,200
Assessed improvement
$3,712,600
Land market value
$692,200
Improvement market value
$3,712,600
Total market value
$4,404,800
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1967
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
NONE
Units
75
Total area
27,636 SF
Lot
3.08 ac (134,165 SF)
Zoning code
R3 MULTI-FAMILY
APN
006-291-03-000
UPID
US02-0376956
Jurisdiction
ANCHORAGE
Zoning & alternative use
R3 MULTI-FAMILY · Anchorage, AK
Zoning R3 MULTI-FAMILY · permitted uses
R3 MULTI-FAMILY · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.0M
OFFICE BUILDING
Est. value
$2.9M
RETAIL STORES
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.7M
RESTAURANT
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
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
1967
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
Yes
Units
75
Lot
3.08 ac
Current owner
From public records · entity-resolved
Mccarrey Glenn Apartments LLC
Entity
Free & Clear · 22 yrs held
Mailing address
9757 NE JUANITA DR STE #300, KIRKLAND, WA 98034-4291
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2004
—
Mccarrey Glenn Apartments LLC
Hunter Green LLC
Warranty Deed
related
—
—
—
Hunter Green LLC
—
Deed Of Trust
related
$750,000 · Mgr Finance LLC
—
—
Mccarrey Glenn Apartments LLC
—
Deed Of Trust
related
$3,120,000 · Capri Capital Finance LLC
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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