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Property profile & analytics
OFF-MARKET
Estimated value
$9,720,000
Medical Office Space
3909 University Lk Dr, Anchorage, AK 99508
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US02-0233353
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Total area
56,254 SF
Lot
5.42 ac (236,095 SF)
Zoning code
PLI PUB LND & INSTITUTE
APN
004-201-10-001
UPID
US02-0233353
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.22M
Comparable Approach
Comparable
$8.22M
Blend (final)
Blend
$9.72M
Owner & transaction history
U Building One LLC · 10 yrs held
U Building One LLC
since 2015
1 recorded transaction
Zoning & alternative use
PLI PUB LND & INSTITUTE · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.6M
+37.4%
Office building
$6.0M
+7.4%
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%
$12,150,000
6.5%
$11,215,000
7%
$10,415,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,610,000
Change: +37% · Conversion: Easy
OFFICE BUILDING
$5,950,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$9.72M
Range $8.75M – $10.69M · ±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
$173 / 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
$275,167
Tax year 2023
Assessed value
$16,157,800
Assessed 2023
Previous assessed
$16,157,800
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$3,556,600
Assessed improvement
$12,601,200
Land market value
$3,556,600
Improvement market value
$12,601,200
Total market value
$16,157,800
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
2004
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Total area
56,254 SF
Lot
5.42 ac (236,095 SF)
Zoning code
PLI PUB LND & INSTITUTE
APN
004-201-10-001
UPID
US02-0233353
Jurisdiction
ANCHORAGE
Zoning & alternative use
PLI PUB LND & INSTITUTE · Anchorage, AK
Zoning PLI PUB LND & INSTITUTE · permitted uses
PLI PUB LND & INSTITUTE · 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
COMMERCIAL (GENERAL)
Est. value
$7.6M
OFFICE BUILDING
Est. value
$6.0M
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2004
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
5.42 ac
Current owner
From public records · entity-resolved
U Building One LLC
Entity
Mailing address
4000 AMBASSADOR DR, ANCHORAGE, AK 99508-5909
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2015
—
U Building One LLC
Alaska Pacific University
Grant Deed
$6,950,000 · Southcentral Foundation
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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