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Property profile & analytics
OFF-MARKET
Retail space
5953 Blue Lupine Dr Palmer, AK 99645-7430
Trust Owned
16-yr Hold
Free & Clear
Property ID
US02-0043998
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2013
Total area
1,500 SF
Lot
4.02 ac (175,111 SF)
Zoning code
6
APN
17N-01E-17-A006
UPID
US02-0043998
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
-
Hatcher Pass Polaris Wasilla Snowmobile Dealer Atv Dealer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Marletto,matthew R Trust · 16 yrs held
Marletto,matthew R Trust
since 2009
6 recorded transactions
Zoning & alternative use
6 · Palmer, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Palmer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palmer 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$28,212
Tax year 2023
Assessed value
$2,242,100
Assessed 2023
Previous assessed
$2,099,000
+6.8% YoY
Effective rate
1.26%
On assessed value
Assessed land
$612,100
Assessed improvement
$1,630,000
Land market value
$612,100
Improvement market value
$1,630,000
Total market value
$2,242,100
Applied tax rate
6.0000
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
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2013
Heating
NONE
Buildings
2
Total area
1,500 SF
Lot
4.02 ac (175,111 SF)
Zoning code
6
APN
17N-01E-17-A006
UPID
US02-0043998
Jurisdiction
MATANUSKA-SUSITNA
Zoning & alternative use
6 · Palmer, AK
Zoning 6 · permitted uses
6 · Palmer, AK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palmer. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2013
Heating
NONE
Buildings
2
Lot
4.02 ac
Current owner
From public records · entity-resolved
Marletto,matthew R Trust
Trust
Free & Clear · 16 yrs held
Mailing address
PO BOX 871625, WASILLA, AK 99687-1625
Ownership since
2009
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
Nov 10, 2009
—
Marletto,matthew R Trust
Griffith,jerome L
Warranty Deed
—
Dec 14, 2004
—
Jerome L Griffith
Udd Rodney D Trust
Warranty Deed
$442,500 · Northrim Bank
—
—
Jerome L Griffith
—
Loan Modification
related
$56,000 · Northrim Bank
—
—
Jerome L Griffith
—
Deed Of Trust
related
$500,000 · Northrim Bank
—
—
Jerome L Griffith
—
Deed Of Trust
related
$300,000 · Northrim Bank
—
—
Jerome L Griffith
—
Deed Of Trust
related
$253,979 · Private Lender
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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