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Property profile & analytics
OFF-MARKET
Estimated value
$1,120,000
Retail space
555 Northern Lgts Blvd, Anchorage, AK 99503-2501
Individually Owned
3-yr Hold
Free & Clear
Property ID
US02-0098480
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1976
Total area
25,206 SF
Lot
1.02 ac (44,431 SF)
Zoning code
B3 GENERAL BUSINESS
APN
009-024-24-000
UPID
US02-0098480
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
$875k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.12M
Owner & transaction history
Yakutat Tlingit Tribe · 3 yrs held
Yakutat Tlingit Tribe
since 2022
7 recorded transactions
Zoning & alternative use
B3 GENERAL BUSINESS · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.8M
+8.2%
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
$875,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,635,000
Current use
OFFICE BUILDING
$1,765,000
Change: +8% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,535,000
Change: -6% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,420,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.12M
Range $1.01M – $1.23M · ±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
$44 / 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
$38,759
Tax year 2023
Assessed value
$2,275,900
Assessed 2023
Previous assessed
$2,275,900
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$1,309,600
Assessed improvement
$966,300
Land market value
$1,309,600
Improvement market value
$966,300
Total market value
$2,275,900
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1976
Heating
HOT WATER
Cooling
NONE
Stories
2
Total area
25,206 SF
Lot
1.02 ac (44,431 SF)
Zoning code
B3 GENERAL BUSINESS
APN
009-024-24-000
UPID
US02-0098480
Jurisdiction
ANCHORAGE
Zoning & alternative use
B3 GENERAL BUSINESS · Anchorage, AK
Zoning B3 GENERAL BUSINESS · permitted uses
B3 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
RETAIL STORES Current
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.5M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1976
Heating
HOT WATER
Cooling
Yes
Stories
2
Lot
1.02 ac
Current owner
From public records · entity-resolved
Yakutat Tlingit Tribe
Individual
Free & Clear · 3 yrs held
Mailing address
3502 ARCTIC BLVD, ANCHORAGE, AK 99503-4527
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2022
—
Yakutat Tlingit Tribe
Neil Koch
Warranty Deed
—
Oct 2, 2019
—
Obeidi S Ltd
—
Deed
related
$410,700 · United States Small Business Admin
Aug 26, 2016
—
Obeidi Ltd
—
Deed
related
$1,115,517 · Wells Fargo Bk
Oct 26, 2006
—
Obeidis Ltd
Malik,mohammad I & Nosheen
Quit Claim Deed
related
—
Oct 19, 2004
—
Mohammed I Malik
Obeidis Ltd
Grant Deed
related
—
Aug 13, 2002
—
Obeidi Ltd
Malik,mohammed
Quit Claim Deed
related
$800,000 · First National Bank Alaska
Nov 6, 1998
—
Willie C Wood
Beazer Homes Corp
Grant Deed
related
—
—
—
Obeidi Ltd
—
Loan Modification
related
$1,115,517 · Wells Fargo Bk
—
—
Obeidis Ltd
—
Deed Of Trust
related
$250,000 · First National Bank Anchorage
—
—
Obeidis Ltd
—
Deed Of Trust
related
$800,000 · First National Bank Alaska
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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