Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$7,700,000
Office buildings
5530 Northern Lgts Blvd Anchorage, AK 99504-3169
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US02-0008182
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1977
Total area
68,941 SF
Lot
10.6 ac (461,736 SF)
Zoning code
B3SL GENERAL BUSINESS
APN
007-211-48-000
UPID
US02-0008182
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.64M
Blend (final)
Blend
$7.70M
Owner & transaction history
Boniface Center LLC · 6 yrs held
Boniface Center LLC
since 2020
4 recorded transactions
Zoning & alternative use
B3SL GENERAL BUSINESS · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.3M
+77.0%
Restaurant
$6.6M
+25.9%
Medical building
$5.6M
+6.8%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,270,000
Current use
COMMERCIAL (GENERAL)
$9,325,000
Change: +77% · Conversion: Easy
RESTAURANT
$6,635,000
Change: +26% · Conversion: Moderate
MEDICAL BUILDING
$5,625,000
Change: +7% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,220,000
Change: -1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,195,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$7.70M
Range $6.93M – $8.47M · ±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
$112 / 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
$244,527
Tax year 2023
Assessed value
$14,358,600
Assessed 2023
Previous assessed
$14,358,600
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$4,942,400
Assessed improvement
$9,416,200
Land market value
$4,942,400
Improvement market value
$9,416,200
Total market value
$14,358,600
Applied tax rate
1.0000
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
1977
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
68,941 SF
Lot
10.6 ac (461,736 SF)
Zoning code
B3SL GENERAL BUSINESS
APN
007-211-48-000
UPID
US02-0008182
Jurisdiction
ANCHORAGE
Zoning & alternative use
B3SL GENERAL BUSINESS · Anchorage, AK
Zoning B3SL GENERAL BUSINESS · permitted uses
B3SL GENERAL BUSINESS · 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
$5.3M
COMMERCIAL (GENERAL)
Est. value
$9.3M
RESTAURANT
Est. value
$6.6M
MEDICAL BUILDING
Est. value
$5.6M
AUTO REPAIR, GARAGE
Est. value
$5.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.2M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
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
1977
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
10.6 ac
Current owner
From public records · entity-resolved
Boniface Center LLC
Entity
Mailing address
PO BOX 202845, ANCHORAGE, AK 99520-2845
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2020
—
Boniface Center LLC
—
Deed
related
$12,890,774 · Wells Fargo Bk
—
—
Boniface Center LLC
—
Loan Modification
related
$12,890,774 · Wells Fargo Bk
—
—
Boniface Center LLC
—
Loan Modification
related
$16,100,000 · Wells Fargo Bank
—
—
Boniface Center LLC
—
Deed Of Trust
related
$6,769,437 · Wells Fargo Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5530 Northern Lgts Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
