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    Property profile & analytics

    240 1st Ave Anchorage, AK 99501-1648

    • Distribution centers
    • 61,769 SF
    • 1.39 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Aug 20, 2020
    Location Intelligence
    Property ID
    US02-0118992
    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.

    Current Use by Public Records

    • Distribution centers

    Property Details for 240 1st Ave

    Year built
    1967
    Lot size
    1.39 lot acres
    Property size
    61,769 SF
    Zone code
    I1 LIGHT INDUSTRIAL
    Property type
    Distribution centers
    APN
    002-072-96-000
    APU
    207296000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Anchorage
    County
    Anchorage
    State
    Alaska
    Longitude
    -149.886
    Latitude
    61.2212
    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
    2024
    $83,657
    $789,600
    $4,392,000
    $5,181,600
    -
    $789,600
    $4,392,000
    $5,181,600

    Comparable in this City

    • Value Estimation by Request
      30,608 SF

      1800 1st Ave

      DISTRIBUTION WAREHOUSE • 30,608 SF
      1800 1st Ave, Anchorage, AK 99501-1834
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    • Value Estimation by Request

      619 Ship Creek Ave

      Distribution properties
      619 Ship Creek Ave, Anchorage, AK 99501
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    • Value Estimation by Request
      21,882 SF

      3027 Rampart Dr

      DISTRIBUTION WAREHOUSE • 21,882 SF
      3027 Rampart Dr, Anchorage, AK 99501-3130
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    • Value Estimation by Request
      11,220 SF

      1701 Tidewater Rd

      TRUCK TERMINAL (MOTOR FREIGHT) • 11,220 SF
      1701 Tidewater Rd, Anchorage, AK 99501
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    • Value Estimation by Request
      11,524 SF

      1048 Whitney Rd

      TRUCK TERMINAL (MOTOR FREIGHT) • 11,524 SF
      1048 Whitney Rd, Anchorage, AK 99501-1630
      View Details
    • Value Estimation by Request
      16,305 SF

      2839 Mtn Vw Dr

      WAREHOUSE, STORAGE • 16,305 SF
      2839 Mtn Vw Dr, Anchorage, AK 99501-3101
      View Details

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    Similar Nearby for Lease

    • $13 SF/Yr

      Anchorage Warehouse: Dock High Space

      Prime Anchorage warehouse, ample parking.
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    • $30 SF/Yr
      8,108 SF

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      Prime Downtown Anchorage Office Suites Available
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      Modern Offices, Prime Location, Available Now
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    240 1st Ave
    Anchorage, AK 99501-1648
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    Realmo Value Estimation

    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.

    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.

    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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