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Property profile & analytics
OFF-MARKET
Estimated value
$4,180,000
Hotels
251 Intl Airport Rd Anchorage, AK 99518
Entity Owned
8-yr Hold
Free & Clear
Property ID
US02-0187741
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2016
Total area
92,747 SF
Lot
2.2 ac (95,832 SF)
Zoning code
B3 GENERAL BUSINESS
APN
009-221-38-000
UPID
US02-0187741
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.10M
Blend (final)
Blend
$4.18M
Owner & transaction history
Mt Four LLC · 8 yrs held
Mt Four LLC
since 2017
5 recorded transactions
Zoning & alternative use
B3 GENERAL BUSINESS · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.0M
+104.9%
Retail stores
$6.0M
+102.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,945,000
Current use
OFFICE BUILDING
$6,035,000
Change: +105% · Conversion: Difficult
RETAIL STORES
$5,960,000
Change: +102% · Conversion: Difficult
Blend value · Realmo final
$4.18M
Range $3.76M – $4.60M · ±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
$45 / 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
$297,841
Tax year 2023
Assessed value
$17,489,200
Assessed 2023
Previous assessed
$17,489,200
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$2,285,000
Assessed improvement
$15,204,200
Land market value
$2,285,000
Improvement market value
$15,204,200
Total market value
$17,489,200
Applied tax rate
3.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2016
Heating
FORCED AIR
Cooling
NONE
Stories
6
Total area
92,747 SF
Lot
2.2 ac (95,832 SF)
Zoning code
B3 GENERAL BUSINESS
APN
009-221-38-000
UPID
US02-0187741
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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$2.9M
OFFICE BUILDING
Est. value
$6.0M
RETAIL STORES
Est. value
$6.0M
HOTEL/MOTEL Current
OFFICE BUILDING
RETAIL STORES
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
2016
Heating
FORCED AIR
Cooling
Yes
Stories
6
Lot
2.2 ac
Current owner
From public records · entity-resolved
Mt Four LLC
Entity
Free & Clear · 8 yrs held
Mailing address
621 W MALLON AVE STE #509, SPOKANE, WA 99201-2181
Ownership since
2017
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
May 30, 2019
—
Mt Four LLC
—
Deed
related
$21,757,500 · Northrim Bank
Sep 13, 2017
—
Mt Four LLC
Ashenbrener,chris R
Quit Claim Deed
related
—
Apr 6, 2016
—
Mt Four LLC
William J Lawson
Quit Claim Deed
related
$20,197,500 · Northrim Bank
Mar 29, 2016
—
Chris R Ashenbrener
Lawson,william J
Quit Claim Deed
related
—
—
—
International & C Street LLC
—
Deed Of Trust
related
—
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.
Try Rey
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