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Property profile & analytics
FOR SALE
Office Spaces
426 Main St Ketchikan, AK 99901
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US02-0266268
For Sale
1 / 36
$975,000
426 Main St, Ketchikan, AK 99901
View Listing →
Property summary
AI-generated overview
This exceptional 5,344 square foot office building is located in the heart of Ketchikan, directly across from the State Office/Court House. Boasting stunning water views, this property presents a unique opportunity for a variety of professional businesses. The building's main floor is conveniently situated at street level on Main Street, providing easy accessibility. The layout includes a welcoming reception area, a dedicated board/conference room, and multiple bathrooms on both the first and third floors
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1988
Total area
5,344 SF
Lot
0.06 ac (2,400 SF)
APN
01-1431-010100
UPID
US02-0266268
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
-
Milner, Howard, Palmer & Edwards, CPAs (PC) Tax Preparation
-
Milner Howard Palmer & Johnson Palmer Diane J CPA Accounting Firm Tax Preparation
-
Howard Harold CPA Accounting Firm Tax Preparation
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
Commercial Property Associates LLC · 19 yrs held
Commercial Property Associates LLC
since 2006
1 recorded transaction
Zoning & alternative use
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 Ketchikan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ketchikan 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
$8,290
Tax year 2023
Assessed value
$702,500
Assessed 2023
Previous assessed
$702,500
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$97,800
Assessed improvement
$604,700
Land market value
$97,800
Improvement market value
$604,700
Total market value
$702,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Sale
Year built
1988
Heating
FORCED AIR
Stories
3
Total area
5,344 SF
Lot
0.06 ac (2,400 SF)
APN
01-1431-010100
UPID
US02-0266268
Jurisdiction
KETCHIKAN GATEWAY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1988
Heating
FORCED AIR
Stories
3
Lot
0.06 ac
Current owner
From public records · entity-resolved
Commercial Property Associates LLC
Entity
Mailing address
426 MAIN ST, KETCHIKAN, AK 99901-6316
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
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
Oct 31, 2006
—
Commercial Property Associates LLC
Judith K Miller
Warranty Deed
$390,000 · Alaska Pacific 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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