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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Garden apartment buildings
601 16th Ave Anchorage, AK 99501-5353
Entity Owned
1-yr Hold
Free & Clear
Property ID
US02-0377777
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1976
Construction
WOOD FRAME
Total area
17,046 SF
Lot
0.53 ac (23,240 SF)
Zoning code
R4 MULTI-FAMILY
APN
002-163-71-000
UPID
US02-0377777
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
-
Park plaza Restaurant
-
Shamelia Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$680k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$880k
Owner & transaction history
Posh Properties LLC · 1 yrs held
Posh Properties LLC
since 2024
4 recorded transactions
Zoning & alternative use
R4 MULTI-FAMILY · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+7.2%
Medical building
$1.4M
+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
$680,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,300,000
Current use
RESTAURANT
$1,395,000
Change: +7% · Conversion: Difficult
MEDICAL BUILDING
$1,390,000
Change: +7% · Conversion: Moderate
RETAIL STORES
$1,215,000
Change: -7% · Conversion: Difficult
OFFICE BUILDING
$1,180,000
Change: -10% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,155,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$880k
Range $792k – $968k · ±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
$52 / 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
$18,738
Tax year 2023
Assessed value
$1,100,300
Assessed 2023
Previous assessed
$1,100,300
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$179,900
Assessed improvement
$920,400
Land market value
$179,900
Improvement market value
$920,400
Total market value
$1,100,300
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1976
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
NONE
Stories
2
Units
20
Total area
17,046 SF
Lot
0.53 ac (23,240 SF)
Zoning code
R4 MULTI-FAMILY
APN
002-163-71-000
UPID
US02-0377777
Jurisdiction
ANCHORAGE
Zoning & alternative use
R4 MULTI-FAMILY · Anchorage, AK
Zoning R4 MULTI-FAMILY · permitted uses
R4 MULTI-FAMILY · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.3M
RESTAURANT
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
20
Lot
0.53 ac
Current owner
From public records · entity-resolved
Posh Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
800 E DIMOND BLVD STE 3-505, ANCHORAGE, AK 99515-2044
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2024
—
Posh Properties LLC
Shane J Osowski
Quitclaim Deed
related
—
Jun 24, 2005
—
Posh Properties LLC
Aikens,kenton
Warranty Deed
related
—
Jan 3, 2000
—
Properties Kingdom
Emmi,john E
Grant Deed
$850,000 · Seller
—
—
Posh Properties LLC
—
Deed Of Trust
related
$308,000 · Leon & Arlette Osowski
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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