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    426 Main St Ketchikan, AK 99901
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    Property profile & analytics

    426 Main St Ketchikan, AK 99901

    View on Map
    • Office Spaces
    • 5,344 SF
    • 0.06 lot acres
    For Sale
    $975,000
    View Listing →
    Ketchikan Office Building with Views For Sale
    $975,000
    5,344 SF

    Ketchikan Office Building with Views

    5,300 SF office building in Ketchikan's downtown hub.

    426 Main Street, Ketchikan, AK 99901
    View Listing
    Property ID
    US02-0266268
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 426 Main St

    Year built
    1988
    Lot size
    0.06 lot acres
    Property size
    5,344 SF
    Property type
    Office Spaces
    APN
    01-1431-010100
    APU
    11431010100

    Description

    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

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Ketchikan
    County
    Ketchikan Gateway
    State
    Alaska
    Longitude
    -131.648
    Latitude
    55.3437
    CBSA code
    28540
    CBSA name
    KETCHIKAN, AK MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,290
    $97,800
    $604,700
    $702,500
    -
    $97,800
    $604,700
    $702,500

    Comparable in this City

    • Value Estimation
      $580,000
      4,234 SF

      2530 Tongass Ave

      OFFICE (GENERAL) • 4,234 SF
      2530 Tongass Ave, Ketchikan, AK 99901-5840
      View Details
    • Value Estimation by Request
      454 SF

      Ketchikan, AK 99901

      OFFICE (GENERAL) • 454 SF
      Ketchikan, AK 99901
      View Details
    • Value Estimation by Request
      1,452 SF

      4220-4224 Cambria W Dr

      OFFICE (GENERAL) • 1,452 SF
      4220-4224 Cambria W Dr, Ketchikan, AK 99901
      View Details
    • Value Estimation by Request
      2,083 SF

      2050 Sea Level Dr, Unit 111

      OFFICE (GENERAL) • 2,083 SF
      2050 Sea Level Dr, Ketchikan, AK 99901-6058
      View Details
    • Value Estimation
      $530,000
      13,000 SF

      7559 Tongass Hwy

      OFFICE (GENERAL) • 13,000 SF
      7559 Tongass Hwy, Ketchikan, AK 99901-9182
      View Details
    • Value Estimation
      $635,000
      4,948 SF

      4085 Tongass Ave

      OFFICE (GENERAL) • 4,948 SF
      4085 Tongass Ave, Ketchikan, AK 99901-5582
      View Details

    Similar Nearby for Sale

    • $975,000
      5,344 SF

      Ketchikan Office Building with Views

      5,300 SF office building in Ketchikan's downtown hub.
      426 Main St, Ketchikan, AK 99901
      View Details
    • $799,000

      Mixed-Use Building with Rental Income

      Three-story mixed-use building with existing rental income and conversion potential.
      516 Stedman St, Ketchikan, AK 99901
      View Details
    • $799,000
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      Mixed-Use Building on Stedman Street

      Three-story mixed-use building with retail and office space.
      516 Stedman St, Ketchikan, AK 99901
      View Details
    • $145,000
      0.20 Acres

      Ketchikan City Lot Opportunity

      Oversized city lot near downtown Ketchikan with utility access.
      410/412 Deermount St, Ketchikan, AK 99901
      View Details
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      Iconic Ketchikan Gallery for Sale

      Profitable Downtown Art Gallery, Turn-Key Operation
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      North Point Higgins Estate Duplex

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      View Details
    View Listing
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    426 Main St
    Ketchikan, AK 99901
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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