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Property profile & analytics
OFF-MARKET
Estimated value
$15,685,000
Office buildings
301 Northern Lgts Blvd Anchorage, AK 99503-2652
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US02-0084401
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1977
Total area
161,665 SF
Lot
3.81 ac (165,964 SF)
Zoning code
B3 GENERAL BUSINESS
APN
009-021-53-000
UPID
US02-0084401
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
$12.83M
Blend (final)
Blend
$15.69M
Owner & transaction history
Midtown Physician Group LLC · 1 yrs held
Midtown Physician Group LLC
since 2024
3 recorded transactions
Zoning & alternative use
B3 GENERAL BUSINESS · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$20.5M
+80.6%
Restaurant
$15.8M
+39.6%
Medical building
$13.2M
+16.4%
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
OFFICE BUILDING
$11,335,000
Current use
COMMERCIAL (GENERAL)
$20,465,000
Change: +81% · Conversion: Easy
RESTAURANT
$15,820,000
Change: +40% · Conversion: Moderate
MEDICAL BUILDING
$13,190,000
Change: +16% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$12,235,000
Change: +8% · Conversion: Easy
RETAIL STORES
$10,480,000
Change: -8% · Conversion: Moderate
AUTO REPAIR, GARAGE
$9,845,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$15.69M
Range $14.12M – $17.25M · ±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
$97 / 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
$435,902
Tax year 2023
Assessed value
$25,596,100
Assessed 2023
Previous assessed
$25,596,100
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$4,286,800
Assessed improvement
$21,309,300
Land market value
$4,286,800
Improvement market value
$21,309,300
Total market value
$25,596,100
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1977
Heating
NONE
Cooling
CENTRAL
Total area
161,665 SF
Lot
3.81 ac (165,964 SF)
Zoning code
B3 GENERAL BUSINESS
APN
009-021-53-000
UPID
US02-0084401
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
OFFICE BUILDING Current
Est. value
$11.3M
COMMERCIAL (GENERAL)
Est. value
$20.5M
RESTAURANT
Est. value
$15.8M
MEDICAL BUILDING
Est. value
$13.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.2M
RETAIL STORES
Est. value
$10.5M
AUTO REPAIR, GARAGE
Est. value
$9.8M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
AUTO REPAIR, GARAGE
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
1977
Heating
NONE
Cooling
Yes
Lot
3.81 ac
Current owner
From public records · entity-resolved
Midtown Physician Group LLC
Entity
Mailing address
400 PO BOX 2609TH ST STE #300, CARLSBAD, CA 92018-2609
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2025
—
Midtown Physician Group LLC
—
Deed
related
$720,799 · First National Bank Alaska
Jul 30, 2024
—
Midtown Physician Group LLC
Wells Fargo Bank National Associati
Warranty Deed
$12,600,000 · First National Bank Alaska
—
—
Joseph Hegedus
—
Deed Of Trust
related
$600,000 · Individual
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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