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Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Office buildings
3501 Denali St Anchorage, AK 99503-4039
Entity Owned
Free & Clear
Property ID
US02-0079884
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1984
Construction
WOOD FRAME
Total area
18,840 SF
Lot
0.67 ac (29,249 SF)
Zoning code
B3 GENERAL BUSINESS
APN
009-052-64-000
UPID
US02-0079884
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
-
Century Dental Center Dental Office
-
Dr. Patrick Dorman Dental Office
-
Turnagain Functional Therapy, LLC. Physician
-
Ancora Home Health and Hospice - Anchorage Hospice Home Health Care Service
-
Notch Realty Co Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$710k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$1.10M
Owner & transaction history
Northrim Bank
Northrim Bank
since 2026
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
B3 GENERAL BUSINESS · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.5M
+16.4%
Apartment house (5+ units)
$1.4M
+7.9%
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
$710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,320,000
Current use
MEDICAL BUILDING
$1,535,000
Change: +16% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,425,000
Change: +8% · Conversion: Easy
RETAIL STORES
$1,220,000
Change: -8% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,150,000
Change: -13% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,060,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±10% · vs last sale $1.05M (Feb 23 2026)
Last sale anchor
$1.05M
Feb 23 2026
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
$58 / 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
$42,854
Tax year 2023
Assessed value
$2,377,700
Assessed 2023
Previous assessed
$2,377,700
+0.0% YoY
Effective rate
1.80%
On assessed value
Assessed land
$628,500
Assessed improvement
$1,749,200
Land market value
$628,500
Improvement market value
$1,749,200
Total market value
$2,377,700
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
1984
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
CENTRAL
Stories
3
Total area
18,840 SF
Lot
0.67 ac (29,249 SF)
Zoning code
B3 GENERAL BUSINESS
APN
009-052-64-000
UPID
US02-0079884
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
$1.3M
MEDICAL BUILDING
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
RETAIL STORES
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1984
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
Yes
Stories
3
Lot
0.67 ac
Current owner
From public records · entity-resolved
Northrim Bank
Entity
Free & Clear · 0 yrs held
Mailing address
11130 BLF CRK CIR, ANCHORAGE, AK 99515-2386
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2026
$1,051,041
Northrim Bank
Trustee Services Of Alaska
Deed
—
Mar 13, 2026
—
Northrim Bank
Pat And Jan Krochina Living Trust
Trust Deed
related
—
Feb 23, 2026
$1,051,041
Northrim Bank
Pat And Jan Krochina Living Trust
Deed
—
Apr 27, 2020
—
Korpi,marsha H Living Trust
Marsha H Korpi
Quit Claim Deed
related
—
Mar 21, 2019
—
Korpi,jo H & Rose M Trust
Korpi,john H
Quit Claim Deed
related
—
Oct 9, 2018
—
Jae Ents LLC
—
Deed
related
$815,808 · Pat & Jan Krochina L Tr (lt)
Sep 26, 2008
—
John H Korpi
Korpi Henry J R Trust
Quit Claim Deed
related
—
—
—
Jae Ents LLC
—
Deed Of Trust
related
$815,808 · Pat & Jan Krochina L Tr (lt)
—
—
Krochina Pat
—
Deed Of Trust
related
$1,600,000 · Key Bank & Trust
—
—
Jae Ents LLC
—
Loan Modification
related
—
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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