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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Retail space
359 Franklin St Juneau, AK 99801-1325
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US02-0231029
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2000
Total area
4,796 SF
Lot
0.08 ac (3,272 SF)
Zoning code
MU
APN
1C070H020061
UPID
US02-0231029
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
-
Alaska Fur Gallery Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$553k
Blend (final)
Blend
$535k
Owner & transaction history
Alaska Fur Gallery INC · 17 yrs held
Alaska Fur Gallery INC
since 2009
1 recorded transaction
Zoning & alternative use
MU · Juneau, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
87-49, § 2, 1987; Serial No. 2007-39, § 7, 6-25-2007) 49.25.220 - Mixed use districts. The mixed use and mixed use 2 districts are established to accommodate a mix of appropriate commercial and residential uses. (a) The MU, mixed use district, reflects the existing downtown development pattern and is intended to maintain the stability of the downtown area. M…
Zone name
Mixed Use
General category
MIXED_USE
Zone area
128.68 ac
Source
code of ordinances
Top alternative use upside
Office building
$555,000
+44.4%
Commercial (general)
$425,000
+10.2%
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 Juneau submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Juneau 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
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$385,000
Current use
OFFICE BUILDING
$555,000
Change: +44% · Conversion: Easy
COMMERCIAL (GENERAL)
$425,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$112 / 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
$17,665
Tax year 2023
Assessed value
$1,738,631
Assessed 2023
Previous assessed
$1,738,631
+0.0% YoY
Effective rate
1.02%
On assessed value
Assessed land
$1,199,453
Assessed improvement
$539,178
Land market value
$1,199,453
Improvement market value
$539,178
Total market value
$1,738,631
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2000
Heating
NONE
Units
2
Bathrooms
2
Total area
4,796 SF
Lot
0.08 ac (3,272 SF)
Zoning code
MU
APN
1C070H020061
UPID
US02-0231029
Jurisdiction
JUNEAU
Zoning & alternative use
MU · Juneau, AKZoning MU · permitted uses
MU · Juneau, AK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
87-49, § 2, 1987; Serial No. 2007-39, § 7, 6-25-2007) 49.25.220 - Mixed use districts. The mixed use and mixed use 2 districts are established to accommodate a mix of appropriate commercial and residential uses. (a) The MU, mixed use district, reflects the existing downtown development pattern and is intended to maintain the stability of the downtown area. Multifamily residential uses are allowed and encouraged. (b) The MU2, mixed use 2 d
Zone name
Mixed Use
General category
MIXED_USE
Zone area
128.68 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$385,000
OFFICE BUILDING
Est. value
$555,000
COMMERCIAL (GENERAL)
Est. value
$425,000
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (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
2000
Heating
NONE
Units
2
Bathrooms
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
Alaska Fur Gallery INC
Entity
Mailing address
428 W 4TH AVE, ANCHORAGE, AK 99501-2303
Ownership since
2009
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
Apr 3, 2009
—
Alaska Fur Gallery INC
Hernandez & Assoc LLC
Quit Claim Deed
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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