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Property profile & analytics
OFF-MARKET
Estimated value
$8,920,000
Office buildings
3301 C St Anchorage, AK 99503-3941
Entity Owned
20-yr Hold
Free & Clear
Property ID
US02-0093977
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1977
Total area
89,456 SF
Lot
3.34 ac (145,490 SF)
Zoning code
B3 GENERAL BUSINESS
APN
009-062-83-000
UPID
US02-0093977
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
-
GE Oil & Gas Factory Production Facility
-
Environmental Management Inc. Environmental Consultant Environmental Engineer
-
Schilling Commercial Real Estate Real Estate Agency
-
US State & Private Forestry Federal Courthouse
-
Bering Straits Native Corporation Tribal Headquarters
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.23M
Blend (final)
Blend
$8.92M
Owner & transaction history
Sj Of Jl Calais Office I LLC · 20 yrs held
Sj Of Jl Calais Office I LLC
since 2006
3 recorded transactions
Zoning & alternative use
B3 GENERAL BUSINESS · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$11.3M
+80.6%
Restaurant
$8.8M
+39.6%
Medical building
$7.3M
+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
$6,270,000
Current use
COMMERCIAL (GENERAL)
$11,325,000
Change: +81% · Conversion: Easy
RESTAURANT
$8,755,000
Change: +40% · Conversion: Moderate
MEDICAL BUILDING
$7,300,000
Change: +16% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$6,770,000
Change: +8% · Conversion: Easy
RETAIL STORES
$5,800,000
Change: -8% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,450,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$8.92M
Range $8.03M – $9.81M · ±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
$100 / 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
$245,533
Tax year 2023
Assessed value
$14,417,700
Assessed 2023
Previous assessed
$14,417,700
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$3,511,500
Assessed improvement
$10,906,200
Land market value
$3,511,500
Improvement market value
$10,906,200
Total market value
$14,417,700
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
FORCED AIR
Cooling
CENTRAL
Stories
5
Total area
89,456 SF
Lot
3.34 ac (145,490 SF)
Zoning code
B3 GENERAL BUSINESS
APN
009-062-83-000
UPID
US02-0093977
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
$6.3M
COMMERCIAL (GENERAL)
Est. value
$11.3M
RESTAURANT
Est. value
$8.8M
MEDICAL BUILDING
Est. value
$7.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.8M
RETAIL STORES
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$5.5M
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
FORCED AIR
Cooling
Yes
Stories
5
Lot
3.34 ac
Current owner
From public records · entity-resolved
Sj Of Jl Calais Office I LLC
Entity
Free & Clear · 20 yrs held
Mailing address
PO BOX 202845, ANCHORAGE, AK 99520-2845
Ownership since
2006
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
Apr 2, 2012
—
Sj Of Jl Calais Office I LLC
—
Deed Of Trust
related
$27,000,000 · Wells Fargo Bank
Mar 3, 2006
—
Sj Of Jl Calais Office I LLC
Calais Office Center II LLC
Quit Claim Deed
related
—
May 13, 2002
—
Calais Office Center II LLC
Eop Northwest Properties LLC
Quit Claim Deed
related
$7,500,000 · 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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