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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Warehouses
5406 Lk Otis Pkwy, Anchorage, AK 99507-1712
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US02-0037476
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1969
Total area
6,647 SF
Lot
1.12 ac (48,787 SF)
Zoning code
I1 LIGHT INDUSTRIAL
APN
009-261-93-000
UPID
US02-0037476
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
-
Trane Hardware & Home Improvement HVAC Service
-
Diamond Heating & AirTemp Alaska HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$535k
Blend (final)
Blend
$555k
Owner & transaction history
Diamond Properties LLC · 1 yrs held
Diamond Properties LLC
since 2024
5 recorded transactions
Zoning & alternative use
I1 LIGHT INDUSTRIAL · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$640,000
+64.4%
Medical building
$540,000
+39.4%
Auto repair, garage
$530,000
+36.4%
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
$575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$390,000
Current use
RESTAURANT
$640,000
Change: +64% · Conversion: Difficult
MEDICAL BUILDING
$540,000
Change: +39% · Conversion: Difficult
AUTO REPAIR, GARAGE
$530,000
Change: +36% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$505,000
Change: +30% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$375,000
Change: -4% · Conversion: Easy
OFFICE BUILDING
$345,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$83 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$21,680
Tax year 2024
Assessed value
$1,342,800
Assessed 2024
Previous assessed
$1,286,600
+4.4% YoY
Effective rate
1.61%
On assessed value
Assessed land
$821,700
Assessed improvement
$521,100
Land market value
$821,700
Improvement market value
$521,100
Total market value
$1,342,800
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1969
Heating
HOT WATER
Cooling
NONE
Stories
1
Total area
6,647 SF
Lot
1.12 ac (48,787 SF)
Zoning code
I1 LIGHT INDUSTRIAL
APN
009-261-93-000
UPID
US02-0037476
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
WAREHOUSE, STORAGE Current
Est. value
$390,000
RESTAURANT
Est. value
$640,000
MEDICAL BUILDING
Est. value
$540,000
AUTO REPAIR, GARAGE
Est. value
$530,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$505,000
INDUSTRIAL (GENERAL)
Est. value
$375,000
OFFICE BUILDING
Est. value
$345,000
WAREHOUSE, STORAGE Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
Heating
HOT WATER
Cooling
Yes
Stories
1
Lot
1.12 ac
Current owner
From public records · entity-resolved
Diamond Properties LLC
Entity
Mailing address
5406 LK OTIS PKWY, ANCHORAGE, AK 99507-1712
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2024
—
Diamond Properties LLC
Two Brothers Investments LLC
Warranty Deed
$1,645,391 · First National Bank Alaska
Jun 7, 2024
—
Diamond Properties LLC
Matthew Spretnjak
Deed
—
Oct 28, 2010
—
Two Brothers Investments LLC
Mccoy Jean A Living Trust
Warranty Deed
$785,000 · Mccoy Jean A Living Trust (pt)
Oct 23, 2007
—
Mccoy Jean A Living Trust
Mccoy,jean A
Quit Claim Deed
related
—
Apr 24, 2007
—
Jean A Mccoy
Mccoy,lawrence R
Quit Claim Deed
related
—
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.
Try Rey
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