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Property profile & analytics
OFF-MARKET
Garden apartment buildings
21506 Songbird Dr, Chugiak, AK 99567-5681
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US02-0022179
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1977
Construction
WOOD FRAME
Total area
3,036 SF
Lot
0.53 ac (22,967 SF)
Zoning code
CER2M
APN
051-062-66-000
UPID
US02-0022179
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kaden Vacendak · 4 yrs held
Kaden Vacendak
since 2022
5 recorded transactions
Zoning & alternative use
CER2M · Chugiak, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,309
Tax year 2023
Assessed value
$354,400
Assessed 2023
Previous assessed
$354,400
+0.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$83,600
Assessed improvement
$270,800
Land market value
$83,600
Improvement market value
$270,800
Total market value
$354,400
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1977
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
NONE
Stories
2
Units
4
Total area
3,036 SF
Lot
0.53 ac (22,967 SF)
Zoning code
CER2M
APN
051-062-66-000
UPID
US02-0022179
Jurisdiction
ANCHORAGE
Zoning & alternative use
CER2M · Chugiak, AK
Zoning CER2M · permitted uses
CER2M · 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.
Building & site characteristics
From public records
Year built
1977
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
4
Lot
0.53 ac
Current owner
From public records · entity-resolved
Kaden Vacendak
Individual
Mailing address
21506 SONGBIRD DR, CHUGIAK, AK 99567-5681
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Oct 30, 2023
—
Kaden J Vacendak
—
Deed
related
$1,793,300 · Mountain Pacific Bank
Apr 20, 2022
—
Kaden Vacendak
Eric Huffman
Warranty Deed
$359,250 · Caliber Home Loans INC
Jun 1, 2018
—
Eric Huffman
—
Deed
related
$278,000 · Residential Mortgage LLC
May 4, 2009
—
Eric Huffman
Farris,martin W & Dolores S
Warranty Deed
$314,204 · Residential Mortgage Corp
—
—
Martin W Farris
—
Deed Of Trust
related
$154,000 · Wells Fargo Home Mortgage INC
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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