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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Commercial real estate
230 Willow St Kenai, AK 99611-7703
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US02-0350862
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2002
Total area
5,097 SF
Lot
0.52 ac (22,651 SF)
APN
043-220-04
UPID
US02-0350862
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
-
Kenai Airport Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$355k
CAP Approach
CAP
$540k
Comparable Approach
Comparable
$688k
Blend (final)
Blend
$530k
Owner & transaction history
Darryl F Lamke · 4 yrs held
Darryl F Lamke
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$885,000
+102.1%
Office building
$530,000
+21.5%
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 Kenai submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kenai 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
$355,000
CAP Approach
CAP Return
Estimation
6%
$585,000
6.5%
$540,000
7%
$500,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$435,000
Current use
INDUSTRIAL (GENERAL)
$885,000
Change: +102% · Conversion: Moderate
OFFICE BUILDING
$530,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$104 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$6,065
Tax year 2024
Assessed value
$700,300
Assessed 2024
Previous assessed
$700,300
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$98,100
Assessed improvement
$602,200
Land market value
$98,100
Improvement market value
$602,200
Total market value
$700,300
Applied tax rate
30.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2002
Heating
NONE
Stories
1
Total area
5,097 SF
Lot
0.52 ac (22,651 SF)
APN
043-220-04
UPID
US02-0350862
Jurisdiction
KENAI
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$435,000
INDUSTRIAL (GENERAL)
Est. value
$885,000
OFFICE BUILDING
Est. value
$530,000
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
2002
Heating
NONE
Stories
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
Darryl F Lamke
Individual
Free & Clear · 4 yrs held
Mailing address
9022 JEWEL TER ST, ANCHORAGE, AK 99502-5146
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2022
—
Darryl F Lamke
Keith Morris
Warranty Deed
—
Mar 8, 2022
—
L&l Properties LLC
Kenai Partnership LLC
Warranty Deed
$500,000 · Northrim Bank
Apr 10, 2015
—
Kenai Ptshpe LLC
Latta Julie C
Warranty Deed
related
—
Dec 31, 2013
—
Julie C Latta
Latta,julia C
Quit Claim Deed
related
$228,000 · First National Bank Alaska
—
—
Kenai Ptshp LLC
—
Deed Of Trust
related
$250,000 · Alaska USA FCU
—
—
Julie C Latta
—
Deed Of Trust
related
$111,728 · First National Bank Alaska
—
—
Julie C Latta
—
Deed Of Trust
related
$635,063 · Stephen M Bunch
—
—
Julie C Latta
—
Deed Of Trust
related
$635,063 · Stephen M Bunch
—
—
Julia C Latta
—
Loan Modification
related
—
—
—
Julia C Latta
—
Deed Of Trust
related
$250,000 · First National Bank Alaska
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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