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Property profile & analytics
FOR SALE
Garden apartment buildings
3911 7th Ave Anchorage, AK 99508-2634
Individually Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US02-0004356
For Sale
1 / 20
$1,290,000
3911 7th Ave, Anchorage, AK 99508-2634
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Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1978
Construction
WOOD FRAME
Total area
12,934 SF
Lot
0.48 ac (21,000 SF)
Zoning code
R3 MULTI-FAMILY
APN
005-056-23-000
UPID
US02-0004356
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
$595k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$883k
Blend (final)
Blend
$595k
Owner & transaction history
Shiela D Alfaro · 17 yrs held
Shiela D Alfaro
since 2008
3 recorded transactions
Zoning & alternative use
R3 MULTI-FAMILY · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$980,000
+2.5%
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
$595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$955,000
Current use
AUTO REPAIR, GARAGE
$980,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±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
$46 / 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
$19,307
Tax year 2023
Assessed value
$1,133,700
Assessed 2023
Previous assessed
$1,133,700
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$171,600
Assessed improvement
$962,100
Land market value
$171,600
Improvement market value
$962,100
Total market value
$1,133,700
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
For Sale
Year built
1978
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
NONE
Stories
2
Units
17
Total area
12,934 SF
Lot
0.48 ac (21,000 SF)
Zoning code
R3 MULTI-FAMILY
APN
005-056-23-000
UPID
US02-0004356
Jurisdiction
ANCHORAGE
Zoning & alternative use
R3 MULTI-FAMILY · Anchorage, AKZoning R3 MULTI-FAMILY · permitted uses
R3 MULTI-FAMILY · Anchorage, AK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$955,000
AUTO REPAIR, GARAGE
Est. value
$980,000
APARTMENT HOUSE (5+ UNITS) Current
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
1978
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
17
Lot
0.48 ac
Current owner
From public records · entity-resolved
Shiela D Alfaro
Individual
Mailing address
500 UNIVERSITY AVE APT #2414, HONOLULU, HI 96826-4906
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
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
Sep 3, 2008
—
Shiela D Alfaro
Alfaro,ronald J
Quit Claim Deed
related
$751,250 · Residential Mortgage Corp
Dec 9, 2003
—
Ronald J Alfaro
Reed,keith T
Grant Deed
$740,000 · Residential Mortgage Corp
Nov 23, 2001
—
Kieth T Reed
Young,steven E & Carmella E
Grant Deed
$556,000 · Alaska USA FCU
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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