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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Hotels
4610 Spenard Rd Anchorage, AK 99517-3234
Entity Owned
2-yr Hold
Free & Clear
Property ID
US02-0128111
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1966
Total area
10,339 SF
Lot
1.22 ac (53,143 SF)
Zoning code
B3 GENERAL BUSINESS
APN
010-241-73-000
UPID
US02-0128111
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
-
DeUnit Services Security Service
-
Barratt Inn Anchorage Airport Hotel & Motel
-
Taylor Properties Property Management Company Contractor
-
Flying Chinook Bar & Restaurant Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$965k
CAP Approach
CAP
$750k
Comparable Approach
Comparable
$466k
Blend (final)
Blend
$725k
Owner & transaction history
Aahlt Barratt LLC · 2 yrs held
Aahlt Barratt LLC
since 2023
7 recorded transactions
Zoning & alternative use
B3 GENERAL BUSINESS · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$995,000
+203.0%
Medical building
$845,000
+156.9%
Apartment house (5+ units)
$830,000
+152.3%
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
$965,000
CAP Approach
CAP Return
Estimation
6%
$810,000
6.5%
$750,000
7%
$695,000
Alternative Use
Use
Estimation
RESTAURANT
$995,000
Change: +203% · Conversion: Difficult
MEDICAL BUILDING
$845,000
Change: +157% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$830,000
Change: +152% · Conversion: Difficult
OFFICE BUILDING
$790,000
Change: +141% · Conversion: Difficult
AUTO REPAIR, GARAGE
$785,000
Change: +138% · Conversion: Difficult
RETAIL STORES
$670,000
Change: +104% · Conversion: Difficult
Blend value · Realmo final
$725k
Range $653k – $798k · ±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
$70 / 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
$54,562
Tax year 2023
Assessed value
$3,203,900
Assessed 2023
Previous assessed
$3,203,900
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$965,600
Assessed improvement
$2,238,300
Land market value
$965,600
Improvement market value
$2,238,300
Total market value
$3,203,900
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1966
Heating
HOT WATER
Cooling
NONE
Stories
2
Units
25
Total area
10,339 SF
Lot
1.22 ac (53,143 SF)
Zoning code
B3 GENERAL BUSINESS
APN
010-241-73-000
UPID
US02-0128111
Jurisdiction
ANCHORAGE
Zoning & alternative use
B3 GENERAL BUSINESS · Anchorage, AK
Zoning B3 GENERAL BUSINESS · permitted uses
B3 GENERAL BUSINESS · 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
RESTAURANT
Est. value
$995,000
MEDICAL BUILDING
Est. value
$845,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$830,000
OFFICE BUILDING
Est. value
$790,000
AUTO REPAIR, GARAGE
Est. value
$785,000
RETAIL STORES
Est. value
$670,000
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1966
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
25
Lot
1.22 ac
Current owner
From public records · entity-resolved
Aahlt Barratt LLC
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 91871, ANCHORAGE, AK 99509-1871
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2023
—
Aahlt Barratt LLC
Anchorage Affordable Housing And La
Special Warranty Deed
—
Sep 1, 2020
—
Alex Lodge LLC
Alexander-doowook Kim
Quit Claim Deed
related
—
Apr 3, 2020
—
Alexander-doowook Kim
Clerk Of Court
Grant Deed
related
—
Mar 25, 2020
—
Alexander-doowook Kim
Ae K Lee
Quit Claim Deed
related
—
Jun 26, 2018
—
Chung K Choe
—
Deed
related
$1,300,000 · Sunny Lee
—
—
Lc Star Investment Co
—
Deed Of Trust
related
$200,000 · Sk Hotel Investment Co LLC
—
—
Lc Star Investment Co
—
Loan Modification
related
—
—
—
Lc Star Investment Co
—
Loan Modification
related
$534,375 · Red River Lodging INC
—
—
Lc Star Investment Co
—
Deed Of Trust
related
$221,000 · Myung H Won
—
—
Alaska Hotel Investments LLC
—
Deed Of Trust
related
$115,500 · Ae K Lee
—
—
Chung K Choe
—
Deed Of Trust
related
$1,300,000 · Sunny Lee
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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