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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Medical Office Space
3600 Lk Otis Pkwy, Anchorage, AK 99508-5225
Individually Owned
26-yr Hold
~
Est. High Equity
Property ID
US02-0092414
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1976
Total area
6,796 SF
Lot
0.28 ac (12,006 SF)
Zoning code
B1ASL
APN
003-251-81-000
UPID
US02-0092414
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 Family Sonograms Inc. Medical Clinic
-
Advanced Hand & Orthopedics Physician
-
Alpenglow Acupuncture Alternative Medicine Practice Acupuncture
-
Anna(Pili) Goddard-Vaughan Alternative Medicine Practice Spa & Massage Center
-
Baby Revealz 3D Studio, LLC Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$470k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$631k
Blend (final)
Blend
$550k
Owner & transaction history
Gary L Boss · 26 yrs held
Gary L Boss
since 2000
7 recorded transactions
Zoning & alternative use
B1ASL · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$720,000
+7.4%
Retail stores
$670,000
+0.2%
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 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
$470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$670,000
Current use
OFFICE BUILDING
$720,000
Change: +7% · Conversion: Easy
RETAIL STORES
$670,000
Change: +0% · Conversion: Difficult
RESTAURANT
$655,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$81 / 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
$20,875
Tax year 2023
Assessed value
$1,225,800
Assessed 2023
Previous assessed
$1,225,800
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$250,000
Assessed improvement
$975,800
Land market value
$250,000
Improvement market value
$975,800
Total market value
$1,225,800
Applied tax rate
1.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1976
Heating
HOT WATER
Cooling
NONE
Stories
2
Total area
6,796 SF
Lot
0.28 ac (12,006 SF)
Zoning code
B1ASL
APN
003-251-81-000
UPID
US02-0092414
Jurisdiction
ANCHORAGE
Zoning & alternative use
B1ASL · Anchorage, AK
Zoning B1ASL · permitted uses
B1ASL · 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
MEDICAL BUILDING Current
Est. value
$670,000
OFFICE BUILDING
Est. value
$720,000
RETAIL STORES
Est. value
$670,000
RESTAURANT
Est. value
$655,000
MEDICAL BUILDING Current
OFFICE BUILDING
RETAIL STORES
RESTAURANT
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
1976
Heating
HOT WATER
Cooling
Yes
Stories
2
Lot
0.28 ac
Current owner
From public records · entity-resolved
Gary L Boss
Individual
Mailing address
3600 LK OTIS PKWY STE #101, ANCHORAGE, AK 99508-5225
Ownership since
2000
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
Jun 8, 2020
—
Gary L Boss
—
Deed
related
$350,000 · Five Star Bank
Apr 6, 2017
—
Gary L Boss
—
Deed
related
$70,000 · Northrim Bank
Jan 30, 2017
—
Gary L Boss
—
Deed
related
$956,250 · Northrim Bk
Apr 10, 2000
—
Gary L Boss
Barnes,richard F & Madeline G
Grant Deed
$500,000 · Seller
—
—
Gary L Boss
—
Deed Of Trust
related
$140,000 · Northrim Bank
—
—
Gary L Boss
—
Loan Modification
related
$956,250 · Northrim Bk
—
—
Gary Boss
—
Deed Of Trust
related
$539,315 · 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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