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    Property profile & analytics

    5122 Herman St Barrow, AK 99723

    • Turn key restaurants
    • 2,400 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimation
    $275,000
    Location Intelligence
    Property ID
    US02-0041605
    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.

    Current Use by Public Records

    • Isalis / Gift Shop / Boutique
    • Party City / Candy Store / Costume Store
    • Skunk Funk / Clothing Store / Corporate Campus
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop

    Property Details for 5122 Herman St

    Year built
    1984
    Lot size
    0.17 lot acres
    Property size
    2,400 SF
    Property type
    Turn key restaurants
    APN
    R-001-181-09
    APU
    R00118109

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $265,000

    • CAP approach

      CAP return
      Estimation
      6%
      $360,000
      6.5%
      $315,000
      7%
      $330,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $310,000
      Geo Method
      $295,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $310,000
      Retail
      $380,000
      Mixed-Use
      $335,000
      Hospitality
      $285,000
      Educational
      $275,000
      Residential Income
      $275,000
      Energy
      $325,000
      Income-Based Land
      $375,000
      Food Service
      $380,000

    Location Insight

    • Map
    • Local Demand
    City
    Barrow
    County
    North Slope
    State
    Alaska
    Longitude
    -156.758
    Latitude
    71.3013

    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
    $3,164
    $54,500
    $121,400
    $175,900
    -
    $54,500
    $121,400
    $175,900

    Comparable in this City

    • Value Estimation
      $305,000
      3,948 SF

      125 Apayauk St

      RESTAURANT • 3,948 SF
      125 Apayauk St, Barrow, AK 99723
      View Details
    • Value Estimation
      $325,000
      800 SF

      3210 Paneatak Rd

      RESTAURANT • 800 SF
      3210 Paneatak Rd, Barrow, AK 99723
      View Details
    • Value Estimation
      $285,000
      0.45 Acres

      3033 Eben Hopson St

      RESTAURANT • 0.45 Acres
      3033 Eben Hopson St, Barrow, AK 99723
      View Details
    • Value Estimation
      $305,000
      2,172 SF

      1052 Kiogak St

      RESTAURANT • 2,172 SF
      1052 Kiogak St, Barrow, AK 99723
      View Details
    • Value Estimation by Request
      320 SF

      211 Pisokak St

      SERVICE STATION (FULL SERVICE) • 320 SF
      211 Pisokak St, Barrow, AK 99723
      View Details
    • Value Estimation
      $315,000
      800 SF

      227 Pisokak St

      RETAIL STORES (PERSONAL SERVICES) • 800 SF
      227 Pisokak St, Barrow, AK 99723
      View Details
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    5122 Herman St
    Barrow, AK 99723
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    Realmo Value Estimation

    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.

    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.

    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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