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Property profile & analytics
OFF-MARKET
Estimated value
$1,935,000
Retail space
639 Intl Airport Rd, Anchorage, AK 99518-1183
Trust Owned
5-yr Hold
~
Est. High Equity
Property ID
US02-0157568
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1983
Construction
WOOD FRAME
Total area
63,840 SF
Lot
3.67 ac (159,865 SF)
Zoning code
I1 LIGHT INDUSTRIAL
APN
009-221-14-000
UPID
US02-0157568
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.94M
Owner & transaction history
Hickel,w & R Family Trust · 5 yrs held
Hickel,w & R Family Trust
since 2020
4 recorded transactions
Zoning & alternative use
I1 LIGHT INDUSTRIAL · Anchorage, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$30 / 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
$69,789
Tax year 2023
Assessed value
$4,098,000
Assessed 2023
Previous assessed
$4,098,000
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$2,246,300
Assessed improvement
$1,851,700
Land market value
$2,246,300
Improvement market value
$1,851,700
Total market value
$4,098,000
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1983
Construction
WOOD FRAME
Heating
YES
Cooling
NONE
Stories
1
Total area
63,840 SF
Lot
3.67 ac (159,865 SF)
Zoning code
I1 LIGHT INDUSTRIAL
APN
009-221-14-000
UPID
US02-0157568
Jurisdiction
ANCHORAGE
Zoning & alternative use
I1 LIGHT INDUSTRIAL · Anchorage, AK
Zoning I1 LIGHT INDUSTRIAL · permitted uses
I1 LIGHT INDUSTRIAL · 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.
Building & site characteristics
From public records
Year built
1983
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
3.67 ac
Current owner
From public records · entity-resolved
Hickel,w & R Family Trust
Trust
Mailing address
200 W 34TH AVE, ANCHORAGE, AK 99503-3969
Ownership since
2020
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
Jul 22, 2020
—
Hickel,w & R Family Trust
Hickel W & R Family Trust
Quit Claim Deed
related
$9,150,000 · Northrim Bk
Jan 28, 2020
—
Hickel,w & R Fam Trust
Hickel Alaska Properties LLC
Quit Claim Deed
related
—
Jun 6, 2019
—
Hickel Alaska Properties LLC
Hickel W & R Family Trust
Quit Claim Deed
related
—
Nov 12, 2004
—
Hickel Walter & Rebecca Trust
Hickel,walter H & Rebeca
Quit Claim Deed
related
—
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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