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Property profile & analytics
OFF-MARKET
Estimated value
$1,025,000
Office buildings
3812 Spenard Rd, Anchorage, AK 99517-2679
Entity Owned
10-yr Hold
Free & Clear
Property ID
US02-0364458
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1974
Total area
20,404 SF
Lot
0.8 ac (34,947 SF)
Zoning code
B3 GENERAL BUSINESS
APN
010-125-15-000
UPID
US02-0364458
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
-
AMCA Inc General Contractor Construction Company
-
MBA Consulting Engineers Inc Construction Company
-
MBA Consulting Engineers Inc: Sordahl Bradley PE Construction Company
-
Arctic Circle Enterprises Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$845k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.03M
Owner & transaction history
Tahan Alaska LLC · 10 yrs held
Tahan Alaska LLC
since 2015
5 recorded transactions
Zoning & alternative use
B3 GENERAL BUSINESS · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.7M
+6.8%
Apartment house (5+ units)
$1.6M
+4.9%
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
$845,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,560,000
Current use
MEDICAL BUILDING
$1,665,000
Change: +7% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,635,000
Change: +5% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,545,000
Change: -1% · Conversion: Difficult
RETAIL STORES
$1,320,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$1.03M
Range $923k – $1.13M · ±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
$50 / 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
$38,617
Tax year 2023
Assessed value
$2,267,600
Assessed 2023
Previous assessed
$2,267,600
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$640,400
Assessed improvement
$1,627,200
Land market value
$640,400
Improvement market value
$1,627,200
Total market value
$2,267,600
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
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
1974
Heating
HOT WATER
Cooling
CENTRAL
Stories
2
Total area
20,404 SF
Lot
0.8 ac (34,947 SF)
Zoning code
B3 GENERAL BUSINESS
APN
010-125-15-000
UPID
US02-0364458
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
$1.6M
MEDICAL BUILDING
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RETAIL STORES
Est. value
$1.3M
OFFICE BUILDING Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1974
Heating
HOT WATER
Cooling
Yes
Stories
2
Lot
0.8 ac
Current owner
From public records · entity-resolved
Tahan Alaska LLC
Entity
Free & Clear · 10 yrs held
Mailing address
305 N VLY WAY APT F1, PALMER, AK 99645-6186
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2018
—
Tahan Alaska LLC
—
Deed
related
$1,700,000 · Matanuska Valley FCU
Dec 18, 2017
—
Tahan Alaska LLC
—
Deed
related
$250,000 · Matanuska Valley FCU
Sep 9, 2015
—
Tahan Alaska LLC
Tahan Aineo Seedtime & Harves
Quit Claim Deed
—
Apr 30, 2008
—
Tahan Aineo Seedtime & Harvest LLC
Ace Alaska INC
Warranty Deed
$2,030,000
Jan 9, 2003
—
Stephen L Carroll
Goldenview Land Co INC
Grant Deed
$1,500,000 · 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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