Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    333 Concrete St Anchorage, AK 99501-2822

    • Hotels
    • 17,928 SF
    • 3.01 lot acres
    OFF-MARKET
    Last Sale
    Dec 28, 2022
    Value Estimations
    $935,000
    Show details
    Cap Rate Potential
    8.7%
    Hotels
    Location Intelligence
    Property ID
    US02-0000680
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mush Inn Motel / Hotel & Motel
    • 907 Lots'n'Lawns / Hardware & Home Improvement / General Contractor

    Property Details for 333 Concrete St

    Year built
    1960
    Construction
    WOOD FRAME
    Lot size
    3.01 lot acres
    Property size
    17,928 SF
    Zone code
    B3 GENERAL BUSINESS
    Property type
    Hotels
    Property subtype
    Motels
    APN
    003-083-33-000
    APU
    308333000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $965,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,405,000
      6.5%
      $1,295,000
      7%
      $1,205,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $901,000
      Market price range: $459k - $964k

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $755,000
      Current use
      RESTAURANT
      $1,470,000
      Change: +94% Conversion: Difficult
      MEDICAL BUILDING
      $1,465,000
      Change: +93% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,370,000
      Change: +81% Conversion: Difficult
      RETAIL STORES
      $1,280,000
      Change: +69% Conversion: Difficult
      OFFICE BUILDING
      $1,240,000
      Change: +64% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,215,000
      Change: +61% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Anchorage
    County
    Anchorage
    State
    Alaska
    Longitude
    -149.848
    Latitude
    61.2189
    CBSA code
    11260
    CBSA name
    ANCHORAGE, AK METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $36,059
    $1,965,000
    $152,400
    $2,117,400
    -
    $1,965,000
    $152,400
    $2,117,400

    Comparable in this City

    • Value Estimation
      $1,175,000
      32,925 SF

      1219 Nn St

      HOTEL/MOTEL • 32,925 SF
      1219 Nn St, Anchorage, AK 99501-4271
      View Details
    • Value Estimation
      $1,425,000
      39,524 SF

      115 3rd Ave

      HOTEL/MOTEL • 39,524 SF
      115 3rd Ave, Anchorage, AK 99501-2501
      View Details
    • Value Estimation
      $7,265,000
      115,208 SF

      319 F St

      HOTEL/MOTEL • 115,208 SF
      319 F St, Anchorage, AK 99501
      View Details
    • Value Estimation
      $4,215,000
      84,684 SF

      939 5th Ave

      HOTEL/MOTEL • 84,684 SF
      939 5th Ave, Anchorage, AK 99501-2049
      View Details
    • Value Estimation
      $5,520,000
      125,629 SF

      720 5th Ave

      HOTEL/MOTEL • 125,629 SF
      720 5th Ave, Anchorage, AK 99501-2118
      View Details
    • Value Estimation
      $1,295,000
      25,348 SF

      330 Ee St

      HOTEL/MOTEL • 25,348 SF
      330 Ee St, Anchorage, AK 99501-2307
      View Details

    Similar Nearby for Sale

    • $1,400,000
      4,970 SF

      Downtown Anchorage Commercial Gem

      Versatile building, prime location, ample parking.
      300 4Th Ave, Anchorage, AK 99501
      View Details
    • Contact for pricing

      Industrial Property Near Merrill Field

      13,600 SF industrial property on 2.5 acres near Merrill Field.
      1421 E 8Th Ave, Anchorage, AK 99501
      View Details
    • $150,000
      1,472 SF

      Downtown Anchorage Restaurant - Turnkey Opportunity

      Established Restaurant, High Traffic Area, Steady Income
      401 I St, Anchorage, AK 99501
      View Details
    • $1,400,000

      Anchorage Office Condos For Sale

      Office condos available for sale in Anchorage, Alaska.
      500 L St, Anchorage, AK 99501
      View Details
    • $3,500,000

      Two Concrete Buildings on Large Lot

      Two buildings totaling 53,000+/- SF on 3+ acres.
      1689 C St, Anchorage, AK 99501
      View Details
    • Contact for pricing

      Historical Nightclub/Bar/Restaurant Opportunity

      Former nightclub/bar/restaurant with great reputation for food and entertainment.
      535 W 3Rd Ave, Anchorage, AK 99501
      View Details

    Similar Nearby for Lease

    • $1.44 SF/Yr

      Downtown Cottage Style Office Space

      Cottage-style office near park strip, suitable for small professional office.
      841 I St, Anchorage, AK 99501
      View Details
    • $2 SF/Yr

      Anchorage Office Space For Rent

      Office suite for rent near Coastal Trail and 49th State Brewery.
      750 W 2Nd Ave, Anchorage, AK 99501
      View Details
    • $1,550 /Mo

      Remodeled Office in Downtown Anchorage

      Elegantly remodeled office space with parking and convenient downtown location.
      825 W 8Th Ave, Anchorage, AK 99501
      View Details
    • Contact for pricing

      Warehouse Space Near Port of Alaska

      Warehouse space with office, dock door, and ample parking.
      619 E Ship Creek Ave, Anchorage, AK 99501
      View Details
    • Contact for pricing

      Unique Anchorage Office Space Available

      Combined office unit with great views and convenient location.
      308 G St, Anchorage, AK 99501
      View Details
    • Contact for pricing

      Downtown Anchorage Office Space Available

      Office space for lease in downtown Anchorage with inlet views.
      1007 W 3Rd Ave, Anchorage, AK 99501
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    333 Concrete St
    Anchorage, AK 99501-2822
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!