Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Medical Office Space
4115 Lk Otis Pkwy Anchorage, AK 99508-5213
Entity Owned
15-yr Hold
Free & Clear
Property ID
US02-0382558
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1976
Construction
WOOD FRAME
Total area
14,290 SF
Lot
0.84 ac (36,627 SF)
Zoning code
RO RES OFFICE
APN
008-033-42-000
UPID
US02-0382558
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. Matthew C. Brennan, MD Physician Medical Clinic
-
Colleen Carey, CNM Physician
-
Cindy Bonney, Rn, Cnm, Anp, Lmt Midwife
-
Dr. Cathy Gohring Physician
-
Mary Ross, CNM Midwife
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$985k
Owner & transaction history
Legacy LLC · 15 yrs held
Legacy LLC
since 2011
7 recorded transactions
Zoning & alternative use
RO RES OFFICE · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.5M
+7.4%
Retail stores
$1.4M
+0.2%
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
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,405,000
Current use
OFFICE BUILDING
$1,510,000
Change: +7% · Conversion: Easy
RETAIL STORES
$1,410,000
Change: +0% · Conversion: Difficult
RESTAURANT
$1,375,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±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
$69 / 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
$43,779
Tax year 2023
Assessed value
$2,570,700
Assessed 2023
Previous assessed
$2,570,700
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$758,200
Assessed improvement
$1,812,500
Land market value
$758,200
Improvement market value
$1,812,500
Total market value
$2,570,700
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
Off-Market
Year built
1976
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
1
Total area
14,290 SF
Lot
0.84 ac (36,627 SF)
Zoning code
RO RES OFFICE
APN
008-033-42-000
UPID
US02-0382558
Jurisdiction
ANCHORAGE
Zoning & alternative use
RO RES OFFICE · Anchorage, AKZoning 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
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.4M
RESTAURANT
Est. value
$1.4M
MEDICAL BUILDING Current
OFFICE BUILDING
RETAIL STORES
RESTAURANT
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
1976
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
Legacy LLC
Entity
Free & Clear · 15 yrs held
Mailing address
6160 TUTTLE PL, ANCHORAGE, AK 99507-2041
Ownership since
2011
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
Jul 11, 2025
—
Opa 4115mob LLC
—
Deed
related
$3,040,000 · First National Bank Alaska
Jul 12, 2011
—
Legacy LLC
4115 Lake Otis Holdings LLC
Warranty Deed
related
—
May 22, 2006
—
4200 Lake Otis Holdings LLC
Ptp Properties LLC
Warranty Deed
related
—
Oct 6, 2004
—
Ptp Properties LLC
Lani Buck LLC
Warranty Deed
$4,987,500 · Northrim Bank
Feb 27, 2004
—
Ptp Properties LLC
Lani Buck LLC
Warranty Deed
related
—
Jan 31, 2002
—
Lani Buck LLC
Compro Investments INC
Grant Deed
$250,000 · Northrim Bank
—
—
4115 Lake Otis Holdings LLC
—
Deed Of Trust
related
$2,300,000 · Ncb Savings 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?”
You own 4115 Lk Otis Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
