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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Specialty properties
3900 Lk Otis Pkwy Anchorage, AK 99508-5210
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US02-0008491
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
1996
Construction
WOOD FRAME
Total area
8,467 SF
Lot
0.54 ac (23,737 SF)
Zoning code
RO RES OFFICE
APN
003-251-15-000
UPID
US02-0008491
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
-
VCA Alaska Pet Care Animal Hospital Veterinary Clinic
-
Frederickson Jackie DVM Veterinary Clinic
-
Katherine Van Duine Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$505k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$505k
Owner & transaction history
3900 Lake Otis Parkway LLC · 22 yrs held
3900 Lake Otis Parkway LLC
since 2004
2 recorded transactions
Zoning & alternative use
RO RES OFFICE · 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
$505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$835,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$835,000
Change: 0% · Conversion: Difficult
RESTAURANT
$815,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$640,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$625,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$60 / 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
$21,206
Tax year 2023
Assessed value
$1,245,200
Assessed 2023
Previous assessed
$1,245,200
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$511,800
Assessed improvement
$733,400
Land market value
$511,800
Improvement market value
$733,400
Total market value
$1,245,200
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
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Status
Off-Market
Year built
1996
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
NONE
Stories
1
Total area
8,467 SF
Lot
0.54 ac (23,737 SF)
Zoning code
RO RES OFFICE
APN
003-251-15-000
UPID
US02-0008491
Jurisdiction
ANCHORAGE
Zoning & alternative use
RO RES OFFICE · Anchorage, AK
Zoning RO RES OFFICE · permitted uses
RO RES OFFICE · 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
RETAIL STORES
Est. value
$835,000
MEDICAL BUILDING
Est. value
$835,000
RESTAURANT
Est. value
$815,000
AUTO REPAIR, GARAGE
Est. value
$640,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$625,000
RETAIL STORES
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1996
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
Yes
Stories
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
3900 Lake Otis Parkway LLC
Entity
Mailing address
5240 E 41ST AVE, ANCHORAGE, AK 99508-5703
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2004
—
3900 Lake Otis Parkway LLC
Alaska Veterinary Medical Ptsh
Warranty Deed
$900,000 · First National Bank Alaska
—
—
Alaska Veterinary Medical Part
—
Deed Of Trust
related
$630,000 · 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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