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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Bars & Pubs
2435 Spenard Rd Anchorage, AK 99503-1621
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US02-0113111
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1957
Construction
WOOD FRAME
Total area
20,023 SF
Lot
2.02 ac (87,991 SF)
Zoning code
B3 GENERAL BUSINESS
APN
001-252-97-000
UPID
US02-0113111
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
-
Tiki Petes Alaskan Grill Take-out & Catering
-
The Kitchen Ak Restaurant
-
Koot's Karaoke Nightclub DJ & Entertainment
-
Chilkoot Charlie's Nightclub DJ & Entertainment
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$675k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$675k
Owner & transaction history
Paved Paradise LLC · 10 yrs held
Paved Paradise LLC
since 2015
6 recorded transactions
Zoning & alternative use
B3 GENERAL BUSINESS · Anchorage, 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 Anchorage submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Anchorage 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
$675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$675k
Range $608k – $743k · ±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
$34 / 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
$33,716
Tax year 2023
Assessed value
$1,979,800
Assessed 2023
Previous assessed
$1,979,800
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$1,471,900
Assessed improvement
$507,900
Land market value
$1,471,900
Improvement market value
$507,900
Total market value
$1,979,800
Applied tax rate
1.0000
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1957
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Total area
20,023 SF
Lot
2.02 ac (87,991 SF)
Zoning code
B3 GENERAL BUSINESS
APN
001-252-97-000
UPID
US02-0113111
Jurisdiction
ANCHORAGE
Zoning & alternative use
B3 GENERAL BUSINESS · Anchorage, AK
Zoning B3 GENERAL BUSINESS · permitted uses
B3 GENERAL BUSINESS · Anchorage, AK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Anchorage. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1957
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Lot
2.02 ac
Current owner
From public records · entity-resolved
Paved Paradise LLC
Entity
Mailing address
1317 W NORTHERN LGTS BLVD STE #8, ANCHORAGE, AK 99503-2399
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2015
—
Paved Paradise LLC
Gordon Enterprises LLC
Warranty Deed
$1,350,000 · Northrim Bank
Sep 30, 2009
—
Gordon Ents LLC
—
Deed Of Trust
related
$1,990,000 · Northrim Bank
—
—
Gordon Ents LLC
—
Deed Of Trust
related
$110,000 · Northrim Bank
—
—
Gordon Ents
—
Deed Of Trust
related
$150,000 · Northrim Bank
—
—
Gordon Ents
—
Deed Of Trust
related
$515,000 · Northrim Bank
—
—
Gordon Ents
—
Deed Of Trust
related
$150,000 · Northrim Bank
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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