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Property profile & analytics
FOR SALE
Medical Office Space
3823 Spenard Rd Anchorage, AK 99517-2678
Individually Owned
16-yr Hold
~
Est. High Equity
Property ID
US02-0382668
For Sale
1 / 6
$450,000
3823 Spenard Rd, Anchorage, AK 99517-2678
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1956
Construction
WOOD FRAME
Total area
1,440 SF
Lot
0.16 ac (7,000 SF)
Zoning code
B3 GENERAL BUSINESS
APN
010-127-44-000
UPID
US02-0382668
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
-
Dr. Edward Barrington Alternative Medicine Practice
-
Barrington Chiropractic Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$270k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$270k
Owner & transaction history
Edward J Barrington · 16 yrs held
Edward J Barrington
since 2010
7 recorded transactions
Zoning & alternative use
B3 GENERAL BUSINESS · 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
$270,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$270k
Range $243k – $297k · ±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
$188 / 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
$4,702
Tax year 2023
Assessed value
$276,100
Assessed 2023
Previous assessed
$276,100
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$139,800
Assessed improvement
$136,300
Land market value
$139,800
Improvement market value
$136,300
Total market value
$276,100
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
1956
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
NONE
Stories
1
Units
1
Rooms
5
Bathrooms
1
Total area
1,440 SF
Lot
0.16 ac (7,000 SF)
Zoning code
B3 GENERAL BUSINESS
APN
010-127-44-000
UPID
US02-0382668
Jurisdiction
ANCHORAGE
Zoning & alternative use
B3 GENERAL BUSINESS · Anchorage, AKZoning 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
Building & site characteristics
From public records
Year built
1956
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Rooms
5
Bathrooms
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Edward J Barrington
Individual
Mailing address
3823 SPENARD RD, ANCHORAGE, AK 99517-2678
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
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
Mar 14, 2025
—
Barrington Chiropractic LLC
—
Deed
related
$160,000 · Northrim Bank
Jan 22, 2010
—
Edward J Barrington
Bob M George
Warranty Deed
$178,550 · Alaska USA FCU
Aug 20, 2009
—
Bob M George
Randall,jay L
Quit Claim Deed
related
—
May 4, 2005
—
Jay L Randall
Pearcy,charles R & Diana L
Warranty Deed
$175,000 · Charles R & Diana L Pearcy
Apr 8, 2004
—
Charles R Pearcy
Bohnsack,norman H & Opal V
Grant Deed
$113,475 · First National Bank Alaska
—
—
Edward J Barrington
—
Deed Of Trust
related
$178,550 · Alaska USA FCU
—
—
Bobby George
—
Deed Of Trust
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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