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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Retail space
20808 Bill Stephens Dr, Chugiak, AK 99567-5674
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US02-0374892
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1978
Total area
11,832 SF
Lot
2 ac (87,120 SF)
Zoning code
CE B3
APN
051-102-53-000
UPID
US02-0374892
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
-
Courtesy Flush -- Sewers and Drains Plumbing Service General Contractor
-
Chevron Gas Station
-
Cardtronics ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$490k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$650k
Blend (final)
Blend
$570k
Owner & transaction history
Smk Management LLC · 1 yrs held
Smk Management LLC
since 2024
5 recorded transactions
Zoning & alternative use
CE B3 · Chugiak, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$950,000
+24.3%
Office building
$915,000
+19.7%
Auto repair, garage
$890,000
+16.6%
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
$490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$765,000
Current use
WAREHOUSE, STORAGE
$950,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$915,000
Change: +20% · Conversion: Easy
AUTO REPAIR, GARAGE
$890,000
Change: +17% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$890,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$48 / 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
$16,629
Tax year 2023
Assessed value
$1,110,100
Assessed 2023
Previous assessed
$1,110,100
+0.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$226,900
Assessed improvement
$883,200
Land market value
$226,900
Improvement market value
$883,200
Total market value
$1,110,100
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1978
Heating
FORCED AIR
Cooling
NONE
Units
6
Total area
11,832 SF
Lot
2 ac (87,120 SF)
Zoning code
CE B3
APN
051-102-53-000
UPID
US02-0374892
Jurisdiction
ANCHORAGE
Zoning & alternative use
CE B3 · Chugiak, AK
Zoning CE B3 · permitted uses
CE B3 · 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
RETAIL STORES Current
Est. value
$765,000
WAREHOUSE, STORAGE
Est. value
$950,000
OFFICE BUILDING
Est. value
$915,000
AUTO REPAIR, GARAGE
Est. value
$890,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$890,000
RETAIL STORES Current
WAREHOUSE, STORAGE
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1978
Heating
FORCED AIR
Cooling
Yes
Units
6
Lot
2 ac
Current owner
From public records · entity-resolved
Smk Management LLC
Entity
Mailing address
2330 HEATHERBROOK CIR, ANCHORAGE, AK 99504-3573
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2024
—
Smk Management LLC
J And Sc Corporation
Warranty Deed
$1,700,000 · Northrim Bank
Feb 25, 2010
—
K & Sc Corp
J & Js INC
Warranty Deed
$1,777,500 · Wells Fargo Bank
Oct 15, 2004
—
J & Js INC
Stephens Ronald W Trust
Warranty Deed
$1,141,756 · Wells Fargo Bk
—
—
J & Js INC
—
Deed Of Trust
related
$120,000 · Key Bank & Trust
—
—
J & Js INC
—
Deed Of Trust
related
$1,389,386 · Key Bank & Trust
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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