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Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Hotels
321 5th Ave Anchorage, AK 99501-2632
Individually Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US02-0133562
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1965
Construction
WOOD FRAME
Total area
17,192 SF
Lot
0.45 ac (19,496 SF)
Zoning code
B2C CENTRAL BUSINESS
APN
002-095-53-000
UPID
US02-0133562
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
-
AURORA Borealis Tech & Kennels Hardware & Home Improvement General Contractor
-
Miss Shannon's Medical Clinic Skin Care Clinic
-
Days Inn Hotel & Motel
-
Body Piercing Unlimited 5th Avenue Spa & Massage Center
-
BPU Laser Tattoo Removal Tattoo & Piercing Shop Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.14M
CAP Approach
CAP
$1.25M
Comparable Approach
Comparable
$924k
Blend (final)
Blend
$1.10M
Owner & transaction history
321 E 5th Ave Limited Liability Par · 14 yrs held
321 E 5th Ave Limited Liability Par
since 2011
1 recorded transaction
Zoning & alternative use
B2C CENTRAL BUSINESS · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+94.2%
Medical building
$1.4M
+93.4%
Apartment house (5+ units)
$1.3M
+81.1%
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 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
$1,135,000
CAP Approach
CAP Return
Estimation
6%
$1,345,000
6.5%
$1,245,000
7%
$1,155,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$725,000
Current use
RESTAURANT
$1,410,000
Change: +94% · Conversion: Difficult
MEDICAL BUILDING
$1,405,000
Change: +93% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,315,000
Change: +81% · Conversion: Difficult
RETAIL STORES
$1,225,000
Change: +69% · Conversion: Difficult
OFFICE BUILDING
$1,190,000
Change: +64% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,165,000
Change: +61% · Conversion: Difficult
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±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
$64 / 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
$53,258
Tax year 2023
Assessed value
$3,127,300
Assessed 2023
Previous assessed
$3,127,300
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$831,700
Assessed improvement
$2,295,600
Land market value
$831,700
Improvement market value
$2,295,600
Total market value
$3,127,300
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1965
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
CENTRAL
Stories
4
Units
130
Total area
17,192 SF
Lot
0.45 ac (19,496 SF)
Zoning code
B2C CENTRAL BUSINESS
APN
002-095-53-000
UPID
US02-0133562
Jurisdiction
ANCHORAGE
Zoning & alternative use
B2C CENTRAL BUSINESS · Anchorage, AK
Zoning B2C CENTRAL BUSINESS · permitted uses
B2C CENTRAL 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
$725,000
RESTAURANT
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
HOTEL/MOTEL Current
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
OFFICE BUILDING
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
1965
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
Yes
Stories
4
Units
130
Lot
0.45 ac
Current owner
From public records · entity-resolved
321 E 5th Ave Limited Liability Par
Individual
Mailing address
616 W 10TH AVE, ANCHORAGE, AK 99501-3426
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
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
Aug 18, 2011
—
321 E 5th Ave Limited Liability Par
321 E 5th Ave Partnership
Quit Claim Deed
related
$4,465,000 · Alaska USA FCU
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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