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Property profile & analytics
OFF-MARKET
Garden apartment buildings
4116 88th Ave, Anchorage, AK 99502-4901
Individually Owned
~
Est. High Equity
Property ID
US02-0020443
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1963
Construction
WOOD FRAME
Total area
3,462 SF
Lot
0.33 ac (14,300 SF)
Zoning code
R2A TWO FAMILY
APN
011-213-02-000
UPID
US02-0020443
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Patrick Ian Nagel
Patrick Ian Nagel
since 2025
7 recorded transactions
Zoning & alternative use
R2A TWO FAMILY · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,263
Tax year 2023
Assessed value
$485,200
Assessed 2023
Previous assessed
$485,200
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$132,700
Assessed improvement
$352,500
Land market value
$132,700
Improvement market value
$352,500
Total market value
$485,200
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1963
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
NONE
Stories
1
Units
4
Total area
3,462 SF
Lot
0.33 ac (14,300 SF)
Zoning code
R2A TWO FAMILY
APN
011-213-02-000
UPID
US02-0020443
Jurisdiction
ANCHORAGE
Zoning & alternative use
R2A TWO FAMILY · Anchorage, AK
Zoning R2A TWO FAMILY · permitted uses
R2A TWO FAMILY · 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.
Building & site characteristics
From public records
Year built
1963
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
4
Lot
0.33 ac
Current owner
From public records · entity-resolved
Patrick Ian Nagel
Individual
Mailing address
4116 W 88TH AVE APT #3, ANCHORAGE, AK 99502-4901
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2025
—
Patrick Ian Nagel
Kaiden V Foster
Warranty Deed
$540,000 · Newrez LLC
Jan 14, 2022
—
Kaiden V Foster
Jennifer Freeberg Huss
Warranty Deed
$522,500 · Credit Union 1
Nov 18, 2019
—
Jennifer Freeberg Huss
Jennifer Freeberg Huss
Intrafamily Transfer
related
$240,000 · Northrim Bank
Oct 29, 2019
—
Gabriel J Huss
Jennifer Freeberg-huss
Quit Claim Deed
related
—
May 10, 2001
—
Gabriel J Huss
Teekell,kerry W
Grant Deed
$164,250 · First National Bank Anchorage
—
—
Gabriel J Huss
—
Deed Of Trust
related
$250,000 · First National Bank Alaska
—
—
Gabriel J Huss
—
Deed Of Trust
related
$54,800 · First National Bank Alaska
—
—
Gabriel J Huss
—
Deed Of Trust
related
$165,946 · First National Bank Alaska
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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