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    230 Franklin St Juneau, AK 99801-1357
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    Property profile & analytics

    230 Franklin St, Juneau, AK 99801-1357

    View on Map
    • Office buildings
    • 91,169 SF
    • 0.46 lot acres
    Off-Market
    Last Sale Mar 17, 2024
    Property ID
    US02-0231091
    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
    $3,715,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Heritage Coffee Roasting Co. - Marine View / Cafe & Coffee Shop
    • Juneau Community Development / Urban Planning Department
    • Marine View / Apartment Building
    • Disability Law Center of Alaska / Law Firm
    • Juneau's Best Tours / Resort

    Property Details for 230 Franklin St

    Year built
    1973
    Lot size
    0.46 lot acres
    Zone code
    MU
    Property type
    Office buildings
    APN
    1C070K820010
    APU
    1C070K820010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 17, 2024 — New Cingular Wireless Pcs LLC Robbins Hattrup Partnership Lease —
    Dec 7, 2005 — Boyer Avenue Co LLC Boyer Avenue Co LLC Quit Claim Deed · related —

    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
    Juneau
    County
    Juneau
    State
    Alaska
    Longitude
    -134.405
    Latitude
    58.2994
    CBSA code
    27940
    CBSA name
    JUNEAU, AK MICROPOLITAN 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
    $85,650
    $4,099,844
    $4,330,261
    $8,430,105
    -
    $4,099,844
    $4,330,261
    $8,430,105

    Comparable in this City

    • Value Estimation
      $1,575,000
      16,985 SF

      8390 Airport Blvd

      OFFICE BUILDING
      8390 Airport Blvd, Juneau, AK 99801-6927
      View Details
    • Value Estimation
      $845,000
      6,550 SF

      9301 Glacier Hwy

      OFFICE BUILDING
      9301 Glacier Hwy, Juneau, AK 99801-9380
      View Details
    • Value Estimation
      $1,190,000
      8,812 SF

      3200 Hospital Dr

      OFFICE BUILDING
      3200 Hospital Dr, Juneau, AK 99801-7829
      View Details
    • Value Estimation by Request
      22.51 Acres

      8494 Mendenhall Loop Rd

      OFFICE BUILDING
      8494 Mendenhall Loop Rd, Juneau, AK 99801-9781
      View Details
    • Value Estimation by Request
      106.60 Acres

      12300 Mendenhall Loop Rd

      OFFICE BUILDING
      12300 Mendenhall Loop Rd, Juneau, AK 99801-8608
      View Details
    • Value Estimation by Request

      320 Willoughby Ave, Unit 4

      OFFICE BUILDING
      320 Willoughby Ave, Juneau, AK 99801-1752
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

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      View Details
    • $965,000

      Live-Work Industrial Building

      A centrally located shop/workspace paired with expansive living quarters and on-site parking for flexible, combined operations.
      5763 Glacier Hwy, Juneau, AK 99801
      View Details
    • $899,000

      Industrial Building with Cannabis Infrastructure

      Industrial building at 2005 Anka with cannabis-farm improvements, storefront frontage, and unfinished top-floor space for added flexibility.
      2005 Anka St, Juneau, AK 99801
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    • $3,200,000
      18,240 SF

      Juneau Commercial Building Investment

      30-Unit Apartment Complex, High Occupancy
      9000 Stephen Richards Memorial Dr, Juneau, AK 99801
      View Details
    • Contact for pricing
      Pending

      Heated Corner Storage Unit

      910 sq ft heated storage unit with garage door.
      2274 Industrial Blvd, Juneau, AK 99801
      View Details
    • $659,000
      Pending

      Well-Maintained Duplex with Upgrades

      Duplex with two 3-bedroom, 2-bath units, one-car garages, and recent upgrades including a new roof and heat pumps.
      9353 Stephen Richards Memorial Dr, Juneau, AK 99801
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      800 SF

      Juneau Airport Office Suite

      800 sq ft, prime Juneau location.
      9121 Glacier Hwy, Juneau, AK 99801
      View Details
    • Contact for pricing

      Retail Space in Fred Meyer

      In-store retail space for lease with high foot traffic.
      8181 Glacier Hwy, Juneau, AK 99801
      View Details
    • $22 SF/Yr
      2,187 SF

      Juneau Airport Retail Space

      Prime Corner Suite, Juneau Airport
      9131 Glacier Hwy, Juneau, AK 99801
      View Details
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    Juneau, AK 99801-1357
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    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
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