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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Car washes
5500 Lk Otis Pkwy Anchorage, AK 99507-1714
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US02-0054740
Property profile
Verified
Property type
Car washes
Use group
CAR WASH - AUTOMATED
Year built
2011
Construction
WOOD FRAME
Total area
9,835 SF
Lot
1.43 ac (62,291 SF)
Zoning code
I1 LIGHT INDUSTRIAL
APN
009-261-94-000
UPID
US02-0054740
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
$565k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$989k
Blend (final)
Blend
$775k
Owner & transaction history
Lina LLC · 16 yrs held
Lina LLC
since 2010
6 recorded transactions
Zoning & alternative use
I1 LIGHT INDUSTRIAL · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$945,000
+20.5%
Medical building
$805,000
+2.2%
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
$565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$785,000
Current use
RESTAURANT
$945,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$805,000
Change: +2% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$745,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$775k
Range $698k – $853k · ±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
$79 / 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
$36,175
Tax year 2023
Assessed value
$2,124,200
Assessed 2023
Previous assessed
$2,124,200
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$969,000
Assessed improvement
$1,155,200
Land market value
$969,000
Improvement market value
$1,155,200
Total market value
$2,124,200
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
Car washes
Use group
CAR WASH - AUTOMATED
Status
Off-Market
Year built
2011
Construction
WOOD FRAME
Heating
NONE
Cooling
NONE
Stories
1
Total area
9,835 SF
Lot
1.43 ac (62,291 SF)
Zoning code
I1 LIGHT INDUSTRIAL
APN
009-261-94-000
UPID
US02-0054740
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
AUTO REPAIR, GARAGE Current
Est. value
$785,000
RESTAURANT
Est. value
$945,000
MEDICAL BUILDING
Est. value
$805,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$745,000
AUTO REPAIR, GARAGE Current
RESTAURANT
MEDICAL BUILDING
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
2011
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.43 ac
Current owner
From public records · entity-resolved
Lina LLC
Entity
Mailing address
11101 OLD SEWARD HWY, ANCHORAGE, AK 99515-3037
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2018
—
Lina LLC
—
Grant Deed
related
$8,783,226 · Keybank USA
Apr 19, 2010
—
Lina LLC
Provencio,andrew
Warranty Deed
$840,000 · Andrew R Provencia
Jan 4, 2006
—
Andrew Provencio
Wells,g R & Carolin L
Warranty Deed
$384,167 · G R & Carolin L Wells
Jul 1, 2004
—
Wells G R
Bce Wheels On Lake Otis
Warranty Deed
$280,000 · Bce Wheels On Lake Otis
—
—
Lina LLC
—
Deed Of Trust
related
—
—
—
Lina LLC
—
Deed Of Trust
related
$3,315,000 · Evergreen Busn Cap
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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