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Property profile & analytics
OFF-MARKET
Estimated value
$1,795,000
Individual retail properties
27725 Arlberg Ave, Girdwood, AK 99587
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US02-0193763
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1994
Construction
WOOD FRAME
Total area
39,068 SF
Lot
1050.78 ac (45,771,977 SF)
Zoning code
GRST2
APN
076-091-01-001
UPID
US02-0193763
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
$1.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.46M
Blend (final)
Blend
$1.80M
Owner & transaction history
Alyeska Dev LP · 7 yrs held
Alyeska Dev LP
since 2018
1 recorded transaction
Zoning & alternative use
GRST2 · Girdwood, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.9M
+57.8%
Apartment house (5+ units)
$2.9M
+57.8%
Medical building
$2.9M
+54.1%
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 Girdwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Girdwood 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
$1,130,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
GYM, HEALTH SPA
$1,865,000
Current use
AUTO REPAIR, GARAGE
$2,940,000
Change: +58% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,940,000
Change: +58% · Conversion: Difficult
MEDICAL BUILDING
$2,870,000
Change: +54% · Conversion: Difficult
Blend value · Realmo final
$1.80M
Range $1.62M – $1.97M · ±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
$46 / 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
$66,454
Tax year 2023
Assessed value
$8,968,200
Assessed 2023
Previous assessed
$8,968,200
+0.0% YoY
Effective rate
0.74%
On assessed value
Assessed land
$781,600
Assessed improvement
$8,186,600
Land market value
$781,600
Improvement market value
$8,186,600
Total market value
$8,968,200
Applied tax rate
15.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1994
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
WALL UNIT
Units
1
Total area
39,068 SF
Lot
1050.78 ac (45,771,977 SF)
Zoning code
GRST2
APN
076-091-01-001
UPID
US02-0193763
Jurisdiction
ANCHORAGE
Zoning & alternative use
GRST2 · Girdwood, AK
Zoning GRST2 · permitted uses
GRST2 · Girdwood, AK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Girdwood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
GYM, HEALTH SPA Current
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.9M
GYM, HEALTH SPA Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1994
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
Yes
Units
1
Lot
1050.78 ac
Current owner
From public records · entity-resolved
Alyeska Dev LP
Entity
Mailing address
9820 100TH AVE GRANDE PR XX
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2018
—
Alyeska Dev LP
Alyeska Tract C Holdings LLC
Quit Claim Deed
related
$30,000,000 · Hotel Alyeska LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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