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Property profile & analytics
OFF-MARKET
Apartment buildings
605 Frontage Rd, Kenai, AK 99611-9105
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US02-0139271
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1960
Total area
2,014 SF
Lot
0.11 ac (4,792 SF)
APN
047-112-02
UPID
US02-0139271
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
-
Kenai Suites AK Vacation Rental Real Estate Agency
-
Hall Suites Hotel Hotel & Motel
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
Reid Fuller Colby · 3 yrs held
Reid Fuller Colby
since 2023
7 recorded transactions
Zoning & alternative use
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 Kenai submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kenai 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
$2,640
Tax year 2023
Assessed value
$304,900
Assessed 2023
Previous assessed
$304,900
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$74,400
Assessed improvement
$230,500
Land market value
$74,400
Improvement market value
$230,500
Total market value
$304,900
Applied tax rate
30.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1960
Heating
NONE
Stories
1
Total area
2,014 SF
Lot
0.11 ac (4,792 SF)
APN
047-112-02
UPID
US02-0139271
Jurisdiction
KENAI
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1960
Heating
NONE
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Reid Fuller Colby
Individual
Mailing address
6501 TESHLAR DR, ANCHORAGE, AK 99507-2218
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2023
—
Reid Fuller Colby
Ryan K Hall
Warranty Deed
$386,000 · First National Bank Alaska
May 16, 2016
—
Ryan K Hall
—
Deed
related
$100,000 · First National Bank Alaska
Apr 2, 2015
—
Ryan K Hall
Morrison Patricia C
Quit Claim Deed
$105,000 · Morrison Patricia C (es)
Feb 11, 2013
—
Patricia C Morrison
Morrison Lance K
Quit Claim Deed
related
—
Feb 1, 2012
—
Lancee K Morrison
Murphy Dennis & Judy Trust
Warranty Deed
related
—
Mar 24, 2008
—
Murphy,dennis & Judy Living Trust
Sivley,john
Quit Claim Deed
related
—
Jan 29, 2007
—
John Sivley
Sivley,john
Quit Claim Deed
related
—
Jun 15, 2005
—
Murphy,dennis & Judy Trust
Gilliland,carroll S & Arlene R
Warranty Deed
related
—
—
—
Ryan K Hall
—
Deed Of Trust
related
$228,000 · First Nat'l Bk/ak
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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