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Property profile & analytics
OFF-MARKET
Estimated value
$1,025,000
Garden apartment buildings
24155 Mirror Dr Chugiak, AK 99567-5625
Individually Owned
17-yr Hold
~
Est. High Equity
Property ID
US02-0138982
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2003
Construction
WOOD FRAME
Total area
18,644 SF
Lot
1.2 ac (52,272 SF)
Zoning code
CE B3
APN
051-062-01-000
UPID
US02-0138982
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
-
Kat&Dax Trading co. Marketing & Advertising IT Consulting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$850k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$1.03M
Owner & transaction history
John E Emmi JR. · 17 yrs held
John E Emmi JR.
since 2009
5 recorded transactions
Zoning & alternative use
CE B3 · Chugiak, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.6M
+12.6%
Warehouse, storage
$1.5M
+6.5%
Office building
$1.4M
+2.6%
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
$850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,405,000
Current use
INDUSTRIAL (GENERAL)
$1,580,000
Change: +13% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,495,000
Change: +7% · Conversion: Difficult
OFFICE BUILDING
$1,440,000
Change: +3% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,405,000
Change: +0% · Conversion: Difficult
MEDICAL BUILDING
$1,370,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$1.03M
Range $923k – $1.13M · ±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
$55 / 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
$27,824
Tax year 2023
Assessed value
$1,857,400
Assessed 2023
Previous assessed
$1,857,400
+0.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$82,600
Assessed improvement
$1,774,800
Land market value
$82,600
Improvement market value
$1,774,800
Total market value
$1,857,400
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
2003
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
NONE
Stories
2
Units
32
Total area
18,644 SF
Lot
1.2 ac (52,272 SF)
Zoning code
CE B3
APN
051-062-01-000
UPID
US02-0138982
Jurisdiction
ANCHORAGE
Zoning & alternative use
CE B3 · Chugiak, AKZoning CE B3 · permitted uses
CE B3 · Chugiak, AK
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL 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
2003
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
32
Lot
1.2 ac
Current owner
From public records · entity-resolved
John E Emmi JR.
Individual
Mailing address
PO BOX 672049, CHUGIAK, AK 99567-2049
Ownership since
2009
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
Mar 9, 2009
—
John E Emmi JR.
Emmi,john E JR
Quit Claim Deed
related
—
Nov 14, 2003
—
John E Emmi
Emmi,ernie J
Quit Claim Deed
related
$1,120,000 · First National Bank Alaska
May 5, 2003
—
John E Emmi
—
Trustees Deed
related
$950,000 · First National Bank Alaska
May 17, 2002
—
John E Emmi
Mcgowen,billy E & Pat M
Grant Deed
$66,500 · Billy E & Pat M Mcgowen
—
—
John E Emmi JR.
—
Deed Of Trust
related
$1,000,000 · 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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