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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Office buildings
2020 Abbott Rd Anchorage, AK 99507-4624
Entity Owned
22-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US02-0070100
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1983
Total area
7,875 SF
Lot
0.79 ac (34,460 SF)
Zoning code
B3SL GENERAL BUSINESS
APN
014-292-44-000
UPID
US02-0070100
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
Current use
Occupant on record · Public records
-
Bishop Dental Group Dental Office
-
North Coast Family Dentistry Dental Office
-
Advanced Family Dentistry Dental Office
-
Law Offices of David Baranow Law Firm
-
Mulholland Chiropractic Center, LLC Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$500k
Blend (final)
Blend
$505k
Owner & transaction history
Mulholland Rentals LLC · 22 yrs held
Mulholland Rentals LLC
since 2004
3 recorded transactions
Zoning & alternative use
B3SL GENERAL BUSINESS · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$760,000
+85.8%
Medical building
$645,000
+57.6%
Auto repair, garage
$630,000
+54.2%
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
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$410,000
Current use
RESTAURANT
$760,000
Change: +86% · Conversion: Moderate
MEDICAL BUILDING
$645,000
Change: +58% · Conversion: Easy
AUTO REPAIR, GARAGE
$630,000
Change: +54% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$595,000
Change: +46% · Conversion: Easy
WAREHOUSE, STORAGE
$460,000
Change: +13% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$445,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$64 / 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
$27,982
Tax year 2023
Assessed value
$1,643,100
Assessed 2023
Previous assessed
$1,643,100
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$839,600
Assessed improvement
$803,500
Land market value
$839,600
Improvement market value
$803,500
Total market value
$1,643,100
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1983
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
7,875 SF
Lot
0.79 ac (34,460 SF)
Zoning code
B3SL GENERAL BUSINESS
APN
014-292-44-000
UPID
US02-0070100
Jurisdiction
ANCHORAGE
Zoning & alternative use
B3SL GENERAL BUSINESS · Anchorage, AK
Zoning B3SL GENERAL BUSINESS · permitted uses
B3SL GENERAL BUSINESS · 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
OFFICE BUILDING Current
Est. value
$410,000
RESTAURANT
Est. value
$760,000
MEDICAL BUILDING
Est. value
$645,000
AUTO REPAIR, GARAGE
Est. value
$630,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$595,000
WAREHOUSE, STORAGE
Est. value
$460,000
INDUSTRIAL (GENERAL)
Est. value
$445,000
OFFICE BUILDING Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1983
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
Mulholland Rentals LLC
Entity
Mailing address
5116 CPE SEVILLE DR, ANCHORAGE, AK 99516-7579
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Mar 17, 2004
—
Mulholland Rentals LLC
Mulholland,david J & Kristi A
Quit Claim Deed
related
—
Jul 6, 2001
—
David J Mulholland
Nelson,kenneth & Bonny
Grant Deed
$650,000 · Kenneth & Bonny Nelson
—
—
Mulholland Rentals LLC
—
Deed Of Trust
related
$760,000 · Wells Fargo 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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