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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Hotels
5144 22nd Ave Anchorage, AK 99508-3704
Entity Owned
23-yr Hold
Free & Clear
Property ID
US02-0066411
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1973
Construction
WOOD FRAME
Total area
9,206 SF
Lot
1.8 ac (78,408 SF)
Zoning code
PLI PUB LND & INSTITUTE
APN
006-313-32-000
UPID
US02-0066411
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
-
제일한인침례교회 (First Korean Baptist Church) Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$610k
CAP Approach
CAP
$665k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$640k
Owner & transaction history
FIRST KOREAN BAPTIST CHURCH ANCHORAGE
FIRST KOREAN BAPTIST CHURCH ANCHORAGE
Zoning & alternative use
PLI PUB LND & INSTITUTE · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$975,000
+329.6%
Retail stores
$910,000
+300.8%
Medical building
$905,000
+299.9%
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
$610,000
CAP Approach
CAP Return
Estimation
6%
$720,000
6.5%
$665,000
7%
$620,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$975,000
Change: +330% · Conversion: Difficult
RETAIL STORES
$910,000
Change: +301% · Conversion: Difficult
MEDICAL BUILDING
$905,000
Change: +300% · Conversion: Difficult
RESTAURANT
$885,000
Change: +291% · Conversion: Difficult
AUTO REPAIR, GARAGE
$695,000
Change: +208% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$680,000
Change: +200% · Conversion: Difficult
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$22,165
Tax year 2023
Assessed value
$1,301,500
Assessed 2023
Previous assessed
$1,301,500
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$371,800
Assessed improvement
$929,700
Land market value
$371,800
Improvement market value
$929,700
Total market value
$1,301,500
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
1973
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
NONE
Stories
2
Total area
9,206 SF
Lot
1.8 ac (78,408 SF)
Zoning code
PLI PUB LND & INSTITUTE
APN
006-313-32-000
UPID
US02-0066411
Jurisdiction
ANCHORAGE
Zoning & alternative use
PLI PUB LND & INSTITUTE · Anchorage, AK
Zoning PLI PUB LND & INSTITUTE · permitted uses
PLI PUB LND & INSTITUTE · 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
Est. value
$975,000
RETAIL STORES
Est. value
$910,000
MEDICAL BUILDING
Est. value
$905,000
RESTAURANT
Est. value
$885,000
AUTO REPAIR, GARAGE
Est. value
$695,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$680,000
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1973
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
1.8 ac
Current owner
From public records · entity-resolved
FIRST KOREAN BAPTIST CHURCH ANCHORAGE
Individual
Free & Clear · 0 yrs held
Mailing address
5144 E 22ND AVE, ANCHORAGE, AK 99508-3704
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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