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Property profile & analytics
OFF-MARKET
Estimated value
$3,705,000
Hotels
4901 Spenard Rd Anchorage, AK 99517-3295
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US02-0093423
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1996
Construction
WOOD FRAME
Total area
80,242 SF
Lot
3.47 ac (151,153 SF)
Zoning code
B3SL GENERAL BUSINESS
APN
010-312-28-000
UPID
US02-0093423
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
-
Courtyard Anchorage Airport Hotel & Motel
-
The Bistro – Eat. Drink. Connect.® Restaurant
-
4901 Spenard Road Parking Parking Lot & Garage
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.62M
Blend (final)
Blend
$3.71M
Owner & transaction history
Airport Courtyard LLC · 8 yrs held
Airport Courtyard LLC
since 2017
2 recorded transactions
Zoning & alternative use
B3SL GENERAL BUSINESS · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.1M
+140.6%
Auto repair, garage
$6.1M
+138.4%
Retail stores
$5.2M
+103.8%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,550,000
Current use
OFFICE BUILDING
$6,130,000
Change: +141% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,075,000
Change: +138% · Conversion: Difficult
RETAIL STORES
$5,195,000
Change: +104% · Conversion: Difficult
Blend value · Realmo final
$3.71M
Range $3.33M – $4.08M · ±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
$46 / 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
$278,991
Tax year 2023
Assessed value
$16,382,300
Assessed 2023
Previous assessed
$16,382,300
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$2,304,900
Assessed improvement
$14,077,400
Land market value
$2,304,900
Improvement market value
$14,077,400
Total market value
$16,382,300
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
1996
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
NONE
Stories
3
Total area
80,242 SF
Lot
3.47 ac (151,153 SF)
Zoning code
B3SL GENERAL BUSINESS
APN
010-312-28-000
UPID
US02-0093423
Jurisdiction
ANCHORAGE
Zoning & alternative use
B3SL GENERAL BUSINESS · Anchorage, AK
Zoning B3SL GENERAL BUSINESS · permitted uses
B3SL 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
HOTEL/MOTEL Current
Est. value
$2.6M
OFFICE BUILDING
Est. value
$6.1M
AUTO REPAIR, GARAGE
Est. value
$6.1M
RETAIL STORES
Est. value
$5.2M
HOTEL/MOTEL Current
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
1996
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
Yes
Stories
3
Lot
3.47 ac
Current owner
From public records · entity-resolved
Airport Courtyard LLC
Entity
Mailing address
813 D ST STE #200, ANCHORAGE, AK 99501-3510
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2017
—
Airport Courtyard LLC
Nana Properties LLC
Warranty Deed
$53,082,520 · First National Bank Alaska
—
—
Nana-marriott Properties LLC
—
Deed Of Trust
related
$7,000,000 · Prudential Mortgage Capital Co
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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