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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Office buildings
500 Intl Airport Rd, Anchorage, AK 99518-1175
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US02-0155119
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1969
Construction
WOOD FRAME
Total area
10,835 SF
Lot
0.86 ac (37,500 SF)
Zoning code
I1 LIGHT INDUSTRIAL
APN
009-233-30-000
UPID
US02-0155119
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
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$580k
Blend (final)
Blend
$560k
Owner & transaction history
Densana Ak LLC · 8 yrs held
Densana Ak LLC
since 2018
2 recorded transactions
Zoning & alternative use
I1 LIGHT INDUSTRIAL · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$885,000
+25.4%
Auto repair, garage
$870,000
+23.2%
Apartment house (5+ units)
$845,000
+19.8%
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
$545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$705,000
Current use
MEDICAL BUILDING
$885,000
Change: +25% · Conversion: Easy
AUTO REPAIR, GARAGE
$870,000
Change: +23% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$845,000
Change: +20% · Conversion: Easy
RETAIL STORES
$695,000
Change: -1% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$610,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$52 / 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
$22,853
Tax year 2023
Assessed value
$1,341,900
Assessed 2023
Previous assessed
$1,341,900
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$667,100
Assessed improvement
$674,800
Land market value
$667,100
Improvement market value
$674,800
Total market value
$1,341,900
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1969
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
NONE
Stories
2
Total area
10,835 SF
Lot
0.86 ac (37,500 SF)
Zoning code
I1 LIGHT INDUSTRIAL
APN
009-233-30-000
UPID
US02-0155119
Jurisdiction
ANCHORAGE
Zoning & alternative use
I1 LIGHT INDUSTRIAL · Anchorage, AK
Zoning I1 LIGHT INDUSTRIAL · permitted uses
I1 LIGHT INDUSTRIAL · 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
OFFICE BUILDING Current
Est. value
$705,000
MEDICAL BUILDING
Est. value
$885,000
AUTO REPAIR, GARAGE
Est. value
$870,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$845,000
RETAIL STORES
Est. value
$695,000
INDUSTRIAL (GENERAL)
Est. value
$610,000
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1969
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Lot
0.86 ac
Current owner
From public records · entity-resolved
Densana Ak LLC
Entity
Mailing address
744 E 13TH AVE, ANCHORAGE, AK 99501-4622
Ownership since
2018
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
Feb 15, 2018
—
Densana Ak LLC
Anchorage Police Department Employe
Warranty Deed
$571,639 · Alaska USA FCU
Mar 22, 1999
—
David J Bosco JR.
N V R INC
Grant Deed
$431,250 · First National Bank Anchorage
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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