Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2126 Northern Lgts Blvd Anchorage, AK 99508-4102
    Back to Search
    Property profile & analytics

    2126 Northern Lgts Blvd, Anchorage, AK 99508-4102

    View on Map
    • Drive through restaurants
    • 2,505 SF
    • 0.20 lot acres
    Off-Market
    Property ID
    US02-0375126
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Drive through restaurants

    Property Details for 2126 Northern Lgts Blvd

    Year built
    1972
    Lot size
    0.20 lot acres
    Zone code
    B1A
    Property type
    Drive through restaurants
    APN
    003-211-22-000
    APU
    321122000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 23, 2014 — Dave Choi Lucky Enterprises LLC Warranty Deed $253k · Wells Fargo Bank NA
    Jun 1, 2006 — Lucky Ents LLC Kim,dong K & Yang S Warranty Deed · related —
    — — Lucky Ents LLC — Deed Of Trust · related $35k · Mee Collins

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Anchorage
    County
    Anchorage
    State
    Alaska
    Longitude
    -149.84
    Latitude
    61.1949
    CBSA code
    11260
    CBSA name
    ANCHORAGE, AK METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,627
    $140,000
    $131,700
    $271,700
    -
    $140,000
    $131,700
    $271,700

    Comparable in this City

    • Value Estimation by Request
      3,204 SF

      700 Northway Dr

      DRIVE-THRU RESTAURANT, FAST FOOD
      700 Northway Dr, Anchorage, AK 99508-2029
      View Details
    • Value Estimation by Request
      1,924 SF

      3922 San Jeronimo Ct

      DRIVE-THRU RESTAURANT, FAST FOOD
      3922 San Jeronimo Ct, Anchorage, AK 99508-2800
      View Details
    • Value Estimation by Request
      0.20 Acres

      2134 Northern Lgts Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD
      2134 Northern Lgts Blvd, Anchorage, AK 99508
      View Details
    • Value Estimation by Request
      5,304 SF

      3952 Mtn Vw Dr

      RESTAURANT
      3952 Mtn Vw Dr, Anchorage, AK 99508-1511
      View Details
    • Value Estimation by Request
      7,518 SF

      3401 Penland Pkwy

      RESTAURANT
      3401 Penland Pkwy, Anchorage, AK 99508-1925
      View Details
    • Value Estimation by Request
      3,916 SF

      2052 Northern Lgts Blvd

      RESTAURANT
      2052 Northern Lgts Blvd, Anchorage, AK 99508-4101
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Anchorage Commercial Investment Property For Sale

      Fully leased 3-unit commercial property with value-add opportunity.
      3952 Mountain View Dr, Anchorage, AK 99508
      View Details
    • Contact for pricing

      Retail Building with Parking Lot

      Retail building with adjacent parking lot, excellent investment opportunity.
      5400 E Northern Lights Blvd, Anchorage, AK 99508
      View Details
    • Contact for pricing

      Cleared Commercial Lot For Sale

      Flat, cleared commercial lot with B3 zoning for sale.
      4627 Mountain View Dr, Anchorage, AK 99508
      View Details
    • Contact for pricing
      3,726 SF

      Anchorage Office Building For Sale

      3,726 square foot office building available for purchase.
      4119 Laurel St, Anchorage, AK 99508
      View Details
    • Contact for pricing

      U-MED District Development Opportunity

      Approximately 1.12 acres of R-O zoned land for sale.
      4246 Laurel St, Anchorage, AK 99508
      View Details
    • Contact for pricing
      4,824 SF

      Anchorage Dental Facility For Sale

      Midtown dental facility with equipment and parking.
      3606 Rhone Cir, Anchorage, AK 99508
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medical Office Space For Lease

      6,010 SF medical office space available for lease.
      2925 Debarr Rd, Anchorage, AK 99508
      View Details
    • Contact for pricing
      76,876 SF

      Class A Office Space Available

      First floor office space in East Anchorage, minutes from Midtown.
      1835 Bragaw St, Anchorage, AK 99508
      View Details
    • Contact for pricing

      Medical Office Suite For Rent

      Medical office suite available for lease. Tenant pays janitorial.
      4200 Lake Otis Pkwy, Anchorage, AK 99508
      View Details
    • Contact for pricing

      Medical Office Space For Lease

      2,490 SF medical office space available for lease.
      2925 Debarr Rd, Anchorage, AK 99508
      View Details
    • Contact for pricing

      Office Building Near Universities

      Office building with parking and storage near universities and hospitals.
      2221 E Northern Lights Blvd, Anchorage, AK 99508
      View Details
    • Contact for pricing

      Office Space Near Medical Area

      Office space for rent near hospitals and universities.
      2221 E Northern Lights Blvd, Anchorage, AK 99508
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2126 Northern Lgts Blvd
    Anchorage, AK 99508-4102
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2126 Northern Lgts Blvd, Anchorage, AK, 99508
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!