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Property profile & analytics
OFF-MARKET
Estimated value
$3,220,000
Office buildings
561 36th Ave Anchorage, AK 99503-4170
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US02-0353629
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2002
Total area
28,003 SF
Lot
1.09 ac (47,480 SF)
Zoning code
B3 GENERAL BUSINESS
APN
009-052-75-000
UPID
US02-0353629
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
-
Berkshire Hathaway HomeServices Alaska Realty Commercial Division Real Estate Agency
-
Alaska Real Estate : Lindsey Johnson Real Estate Agency
-
The Tatitlek Corporation Corporate Office
-
Key To Alaska Real Estate Agency
-
Charlotte Gaston, Realtor® Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.94M
Blend (final)
Blend
$3.22M
Owner & transaction history
Wild Flower Investments LLC · 1 yrs held
Wild Flower Investments LLC
since 2024
7 recorded transactions
Zoning & alternative use
B3 GENERAL BUSINESS · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.5M
+80.6%
Restaurant
$2.7M
+39.6%
Medical building
$2.3M
+16.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,965,000
Current use
COMMERCIAL (GENERAL)
$3,545,000
Change: +81% · Conversion: Easy
RESTAURANT
$2,740,000
Change: +40% · Conversion: Moderate
MEDICAL BUILDING
$2,285,000
Change: +16% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,120,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$3.22M
Range $2.90M – $3.54M · ±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
$115 / 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
$99,769
Tax year 2023
Assessed value
$5,858,400
Assessed 2023
Previous assessed
$5,858,400
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$1,378,200
Assessed improvement
$4,480,200
Land market value
$1,378,200
Improvement market value
$4,480,200
Total market value
$5,858,400
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2002
Heating
HOT WATER
Cooling
CENTRAL
Stories
4
Total area
28,003 SF
Lot
1.09 ac (47,480 SF)
Zoning code
B3 GENERAL BUSINESS
APN
009-052-75-000
UPID
US02-0353629
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
OFFICE BUILDING Current
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$3.5M
RESTAURANT
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
2002
Heating
HOT WATER
Cooling
Yes
Stories
4
Lot
1.09 ac
Current owner
From public records · entity-resolved
Wild Flower Investments LLC
Entity
Mailing address
561 E 36TH AVE STE #400, ANCHORAGE, AK 99503-4170
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2024
—
Wild Flower Investments LLC
Cedar Park Properties LLC
Warranty Deed
$56,550 · Cedar Park Properties LLC
Dec 14, 2023
—
700 Internatonal LLC
Tatitlek Properties INC
Warranty Deed
—
Dec 19, 2022
—
561 Holdings LLC
Tatitlek Properties INC
Warranty Deed
—
Oct 24, 2019
—
Tatitlek Properties INC
—
Deed
related
$4,800,000 · Wells Fargo Bk
Aug 30, 2011
—
Tatitlek Properties INC
Chugach Alaska Corporation
Warranty Deed
$4,125,000 · Wells Fargo Bank NA
May 29, 2002
—
Chugach Alaska Corp
Coven Land Co
Grant Deed
related
—
—
—
Tatitlek Properties INC
—
Loan Modification
related
$4,800,000 · Wells Fargo Bk
—
—
Chugach Alaska Corp
—
Deed Of Trust
related
$4,000,000 · Key Bank NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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