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Property profile & analytics
OFF-MARKET
Estimated value
$385,000
Garden apartment buildings
22740 Hunters Dr Chugiak, AK 99567-6400
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US02-0077192
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1977
Construction
WOOD FRAME
Total area
9,672 SF
Lot
0.39 ac (16,988 SF)
Zoning code
CE R7
APN
051-141-27-000
UPID
US02-0077192
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
$385k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$385k
Owner & transaction history
Borealis Properties LLC · 6 yrs held
Borealis Properties LLC
since 2019
3 recorded transactions
Zoning & alternative use
CE R7 · 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
Method
Estimation
Statistic approach
by Request
ML approach
$385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$385k
Range $347k – $424k · ±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
$40 / 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
$6,933
Tax year 2023
Assessed value
$462,800
Assessed 2023
Previous assessed
$462,800
+0.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$62,400
Assessed improvement
$400,400
Land market value
$62,400
Improvement market value
$400,400
Total market value
$462,800
Applied tax rate
22.0000
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
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
1
Units
6
Total area
9,672 SF
Lot
0.39 ac (16,988 SF)
Zoning code
CE R7
APN
051-141-27-000
UPID
US02-0077192
Jurisdiction
ANCHORAGE
Zoning & alternative use
CE R7 · Chugiak, AKZoning CE R7 · permitted uses
CE R7 · Chugiak, AK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1977
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
6
Lot
0.39 ac
Current owner
From public records · entity-resolved
Borealis Properties LLC
Entity
Mailing address
2255 N LAUREL DR, PALMER, AK 99645-5721
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Sep 23, 2019
—
Borealis Properties LLC
Wheeler,brandon C
Warranty Deed
$351,200 · Alaska USA Mtg
Sep 21, 2005
—
Brandon C Wheeler
Thomas P Gleason
Warranty Deed
$406,400 · Homecomings Financial Network INC
Oct 10, 2002
—
Thomas P Gleason
Craig,troy R
Grant Deed
$272,500 · Residential Mortgage Corp
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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