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Property profile & analytics
OFF-MARKET
Office buildings
612 Willoughby Ave Juneau, AK 99801-1732
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US02-0354337
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1971
Total area
4,250 SF
Lot
0.19 ac (8,223 SF)
Zoning code
MU2
APN
1C060K700011
UPID
US02-0354337
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
-
Downtown Business Association Charitable Organization Social Service Agency
-
The Juneau Economic Development Council Social Service Agency
-
Southeast Chimney Inspection Services Ltd Construction Company
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
Juneau Economic Development Council · 5 yrs held
Juneau Economic Development Council
since 2021
1 recorded transaction
Zoning & alternative use
MU2 · Juneau, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
l uses. (a) The MU, mixed use district, reflects the existing downtown development pattern and is intended to maintain the stability of the downtown area. Multifamily residential uses are allowed and encouraged. (b) The MU2, mixed use 2 district, is intended to place a greater emphasis on residential development than is the case in the MU district. A range o…
Zone name
Mixed Use
General category
MIXED_USE
Zone area
26.95 ac
Source
code of ordinances
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 Juneau submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Juneau 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
$7,161
Tax year 2023
Assessed value
$753,923
Assessed 2023
Previous assessed
$753,923
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$379,010
Assessed improvement
$374,913
Land market value
$379,010
Improvement market value
$374,913
Total market value
$753,923
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Status
Off-Market
Year built
1971
Heating
NONE
Total area
4,250 SF
Lot
0.19 ac (8,223 SF)
Zoning code
MU2
APN
1C060K700011
UPID
US02-0354337
Jurisdiction
JUNEAU
Zoning & alternative use
MU2 · Juneau, AKZoning MU2 · permitted uses
MU2 · Juneau, AK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
l uses. (a) The MU, mixed use district, reflects the existing downtown development pattern and is intended to maintain the stability of the downtown area. Multifamily residential uses are allowed and encouraged. (b) The MU2, mixed use 2 district, is intended to place a greater emphasis on residential development than is the case in the MU district. A range of residential development types is allowed. Multifamily residential uses are allowe
Zone name
Mixed Use
General category
MIXED_USE
Zone area
26.95 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1971
Heating
NONE
Lot
0.19 ac
Current owner
From public records · entity-resolved
Juneau Economic Development Council
Entity
Mailing address
612 W WILLOUGHBY AVE, JUNEAU, AK 99801-1732
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2021
—
Juneau Economic Development Council
Patrick H Wonser
Warranty Deed
$500,000 · Patrick H Wonser Etal
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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