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Property profile & analytics
OFF-MARKET
Estimated value
$1,690,000
Residential income homes
4000 San Ernesto Ave Anchorage, AK 99508-2874
Entity Owned
Absentee Owner
Free & Clear
Property ID
US02-0060520
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
2000
Construction
WOOD FRAME
Total area
26,997 SF
Lot
6.86 ac (298,822 SF)
Zoning code
PLISL PUB LND & INSTITUTE
APN
005-064-17-000
UPID
US02-0060520
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
-
Jo Ann Bartley, PhD Physician Medical Clinic
-
The Pathway Home Social Service Agency Charitable Organization
-
Pathway Picnic Ground Picnic Ground
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.29M
Blend (final)
Blend
$1.69M
Owner & transaction history
SOUTHCENTRAL FOUNDATION
SOUTHCENTRAL FOUNDATION
Zoning & alternative use
PLISL PUB LND & INSTITUTE · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.7M
+33.5%
Medical building
$2.7M
+33.2%
Restaurant
$2.6M
+30.2%
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
$1,085,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,995,000
Current use
RETAIL STORES
$2,665,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$2,655,000
Change: +33% · Conversion: Moderate
RESTAURANT
$2,600,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,045,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$1.69M
Range $1.52M – $1.86M · ±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
$63 / 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
$122,490
Tax year 2023
Assessed value
$7,192,600
Assessed 2023
Previous assessed
$7,192,600
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$1,291,100
Assessed improvement
$5,901,500
Land market value
$1,291,100
Improvement market value
$5,901,500
Total market value
$7,192,600
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
2000
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
NONE
Stories
1
Total area
26,997 SF
Lot
6.86 ac (298,822 SF)
Zoning code
PLISL PUB LND & INSTITUTE
APN
005-064-17-000
UPID
US02-0060520
Jurisdiction
ANCHORAGE
Zoning & alternative use
PLISL PUB LND & INSTITUTE · Anchorage, AK
Zoning PLISL PUB LND & INSTITUTE · permitted uses
PLISL 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.0M
RETAIL STORES
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.7M
RESTAURANT
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
MEDICAL BUILDING
RESTAURANT
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
2000
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
Yes
Stories
1
Lot
6.86 ac
Current owner
From public records · entity-resolved
SOUTHCENTRAL FOUNDATION
Individual
Free & Clear · 0 yrs held
Mailing address
4501 DIPLOMACY DR #200, ANCHORAGE, AK 99508-5919
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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