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Property profile & analytics
OFF-MARKET
Estimated value
$29,495,000
Office buildings
3601 C St Anchorage, AK 99503-5923
Entity Owned
2-yr Hold
Free & Clear
Property ID
US02-0135115
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1982
Total area
301,790 SF
Lot
3.04 ac (132,422 SF)
Zoning code
B3 GENERAL BUSINESS
APN
009-071-18-000
UPID
US02-0135115
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
-
TDX Quality Construction Company
-
Proforma Spectrum Graphics, Alaska Film Production Television Studio
-
Enterprise Engineering Inc Engineering Consultant
-
Denali Kidcare Office State Government Office
-
Division of Behavioral Health Public Health Department
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$25.75M
Blend (final)
Blend
$29.50M
Owner & transaction history
State Of Alaska Dept Of Trans & Pub · 2 yrs held
State Of Alaska Dept Of Trans & Pub
since 2023
3 recorded transactions
Zoning & alternative use
B3 GENERAL BUSINESS · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$38.2M
+80.6%
Restaurant
$29.5M
+39.6%
Medical building
$24.6M
+16.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$21,160,000
Current use
COMMERCIAL (GENERAL)
$38,205,000
Change: +81% · Conversion: Easy
RESTAURANT
$29,530,000
Change: +40% · Conversion: Moderate
MEDICAL BUILDING
$24,625,000
Change: +16% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$22,835,000
Change: +8% · Conversion: Easy
RETAIL STORES
$19,560,000
Change: -8% · Conversion: Moderate
AUTO REPAIR, GARAGE
$18,380,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$29.50M
Range $26.55M – $32.44M · ±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
$98 / 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
$874,562
Tax year 2023
Assessed value
$51,354,200
Assessed 2023
Previous assessed
$51,354,200
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$3,880,900
Assessed improvement
$47,473,300
Land market value
$3,880,900
Improvement market value
$47,473,300
Total market value
$51,354,200
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
1982
Heating
YES
Cooling
CENTRAL
Total area
301,790 SF
Lot
3.04 ac (132,422 SF)
Zoning code
B3 GENERAL BUSINESS
APN
009-071-18-000
UPID
US02-0135115
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
$21.2M
COMMERCIAL (GENERAL)
Est. value
$38.2M
RESTAURANT
Est. value
$29.5M
MEDICAL BUILDING
Est. value
$24.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$22.8M
RETAIL STORES
Est. value
$19.6M
AUTO REPAIR, GARAGE
Est. value
$18.4M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
AUTO REPAIR, GARAGE
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
1982
Heating
YES
Cooling
Yes
Lot
3.04 ac
Current owner
From public records · entity-resolved
State Of Alaska Dept Of Trans & Pub
Entity
Free & Clear · 2 yrs held
Mailing address
550 W 7TH AVE STE #200, ANCHORAGE, AK 99501-3552
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2023
—
State Of Alaska Dept Of Trans & Pub
3601 C Street LLC
Lease
—
Jul 13, 2022
—
State Of Alaska
3601 C Street LLC
Lease
—
—
—
3601 C Street LLC
—
Deed Of Trust
related
$44,000,000 · Northwestern Mutual Life Ins
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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