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Property profile & analytics
OFF-MARKET
Estimated value
$1,510,000
Manufacturing properties
351 104th Ave Anchorage, AK 99515-2678
Entity Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US02-0138883
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2005
Construction
STEEL FRAME
Total area
57,205 SF
Lot
5.15 ac (224,334 SF)
Zoning code
I2 HEAVY INDUSTRIAL
APN
016-042-48-000
UPID
US02-0138883
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
-
Delta Constructors General Contractor
-
White Raven Development Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.96M
Blend (final)
Blend
$1.51M
Owner & transaction history
Activespace LLC · 17 yrs held
Activespace LLC
since 2008
7 recorded transactions
Zoning & alternative use
I2 HEAVY INDUSTRIAL · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,065,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.51M
Range $1.36M – $1.66M · ±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
$26 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$118,656
Tax year 2024
Assessed value
$7,349,400
Assessed 2024
Previous assessed
$7,161,600
+2.6% YoY
Effective rate
1.61%
On assessed value
Assessed land
$1,860,300
Assessed improvement
$5,489,100
Land market value
$1,860,300
Improvement market value
$5,489,100
Total market value
$7,349,400
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2005
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
CENTRAL
Total area
57,205 SF
Lot
5.15 ac (224,334 SF)
Zoning code
I2 HEAVY INDUSTRIAL
APN
016-042-48-000
UPID
US02-0138883
Jurisdiction
ANCHORAGE
Zoning & alternative use
I2 HEAVY INDUSTRIAL · Anchorage, AK
Zoning I2 HEAVY INDUSTRIAL · permitted uses
I2 HEAVY INDUSTRIAL · 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.
Building & site characteristics
From public records
Year built
2005
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Lot
5.15 ac
Current owner
From public records · entity-resolved
Activespace LLC
Entity
Mailing address
3150 C ST STE #290, ANCHORAGE, AK 99503-3980
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2019
—
Activespace LLC
—
Deed
related
—
Sep 26, 2008
—
Activespace LLC
Condor Properties LLC
Warranty Deed
$7,950,000 · Northrim Bank
Oct 25, 2004
—
Condor Properties LLC
—
Trustees Deed
related
$5,756,000 · Northrim Bank
Aug 13, 2004
—
Condor Properties LLC
—
Deed Of Trust
related
$1,030,407 · Northrim Bank
—
—
Activespace LLC
—
Loan Modification
related
—
—
—
Condor Properties LLC
—
Deed Of Trust
related
$5,756,000 · Northrim Bank
—
—
Condor Properties LLC
—
Deed Of Trust
related
$1,400,000 · 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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