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Property profile & analytics
OFF-MARKET
Estimated value
$2,255,000
Office buildings
2000 Intl Airport Rd Anchorage, AK 99502-1117
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US02-0133478
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1984
Total area
18,144 SF
Lot
4.39 ac (191,228 SF)
Zoning code
I1 LIGHT INDUSTRIAL
APN
010-521-11-000
UPID
US02-0133478
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
$2.10M
Blend (final)
Blend
$2.26M
Owner & transaction history
Tatitlek Properties INC · 14 yrs held
Tatitlek Properties INC
since 2011
7 recorded transactions
Zoning & alternative use
I1 LIGHT INDUSTRIAL · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.5M
+77.0%
Restaurant
$1.7M
+25.9%
Medical building
$1.5M
+6.8%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,385,000
Current use
COMMERCIAL (GENERAL)
$2,455,000
Change: +77% · Conversion: Easy
RESTAURANT
$1,745,000
Change: +26% · Conversion: Moderate
MEDICAL BUILDING
$1,480,000
Change: +7% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,420,000
Change: +3% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,375,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$2.26M
Range $2.03M – $2.48M · ±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
$124 / 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
$136,289
Tax year 2023
Assessed value
$8,002,900
Assessed 2023
Previous assessed
$8,002,900
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$2,065,200
Assessed improvement
$5,937,700
Land market value
$2,065,200
Improvement market value
$5,937,700
Total market value
$8,002,900
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
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1984
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
18,144 SF
Lot
4.39 ac (191,228 SF)
Zoning code
I1 LIGHT INDUSTRIAL
APN
010-521-11-000
UPID
US02-0133478
Jurisdiction
ANCHORAGE
Zoning & alternative use
I1 LIGHT INDUSTRIAL · Anchorage, AKZoning I1 LIGHT INDUSTRIAL · permitted uses
I1 LIGHT INDUSTRIAL · Anchorage, AK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$2.5M
RESTAURANT
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.4M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1984
Heating
YES
Cooling
Yes
Stories
1
Lot
4.39 ac
Current owner
From public records · entity-resolved
Tatitlek Properties INC
Entity
Mailing address
561 E 36TH AVE, ANCHORAGE, AK 99503-4170
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2019
—
Tatitlek Properties INC
—
Deed
related
$5,414,476 · Wells Fargo Bk
Dec 31, 2012
—
Tatitlek Properties INC
—
Deed Of Trust
related
$6,700,000 · Wells Fargo Bank
Aug 24, 2011
—
Tatitlek Properties INC
Castens Of Anchorage LLC
Warranty Deed
$4,725,000 · Wells Fargo Bank NA
Oct 25, 2007
—
Castens Of Anchorage LLC
Shee Atika Holdings Anchorage
Warranty Deed
$3,500,000 · Morgan Stanley Capital I INC
Apr 21, 2005
—
Shee Atika Holdings Anchorage
Shee Atika Holdings Anchorage
Quit Claim Deed
related
—
Mar 17, 2005
—
Shee Atika Holdings Alaska LLC
Jls Properties LLC
Warranty Deed
related
—
—
—
Tatitlek Properties INC
—
Loan Modification
related
$5,414,476 · Wells Fargo Bk
—
—
Shee Atika Holdings Anchorage
—
Deed Of Trust
related
$3,500,000 · Ncb Savings Bank
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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