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Property profile & analytics
OFF-MARKET
Estimated value
$1,125,000
Individual retail properties
665 33rd Ave Anchorage, AK 99503-4111
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US02-0149931
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
2015
Total area
24,843 SF
Lot
1.07 ac (46,609 SF)
Zoning code
B3 GENERAL BUSINESS
APN
009-052-35-000
UPID
US02-0149931
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
-
ReCharge Alaska Charging Station Electric Vehicle Charging Station
-
Alaska Rock Gym Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$880k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.13M
Owner & transaction history
33rd Avenue LLC · 11 yrs held
33rd Avenue LLC
since 2015
7 recorded transactions
Zoning & alternative use
B3 GENERAL BUSINESS · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.7M
+47.8%
Retail stores
$1.6M
+36.6%
Auto repair, garage
$1.5M
+28.4%
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
$880,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
GYM, HEALTH SPA
$1,180,000
Current use
OFFICE BUILDING
$1,740,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$1,610,000
Change: +37% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,515,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$1.13M
Range $1.01M – $1.24M · ±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
$45 / 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
$73,151
Tax year 2023
Assessed value
$4,295,400
Assessed 2023
Previous assessed
$4,295,400
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$820,100
Assessed improvement
$3,475,300
Land market value
$820,100
Improvement market value
$3,475,300
Total market value
$4,295,400
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
2015
Heating
FORCED AIR
Cooling
CENTRAL
Total area
24,843 SF
Lot
1.07 ac (46,609 SF)
Zoning code
B3 GENERAL BUSINESS
APN
009-052-35-000
UPID
US02-0149931
Jurisdiction
ANCHORAGE
Zoning & alternative use
B3 GENERAL BUSINESS · Anchorage, AK
Zoning B3 GENERAL BUSINESS · permitted uses
B3 GENERAL BUSINESS · 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
GYM, HEALTH SPA Current
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.7M
RETAIL STORES
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
GYM, HEALTH SPA Current
OFFICE BUILDING
RETAIL STORES
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
2015
Heating
FORCED AIR
Cooling
Yes
Lot
1.07 ac
Current owner
From public records · entity-resolved
33rd Avenue LLC
Entity
Free & Clear · 11 yrs held
Mailing address
1317 W NORTHERN LGTS BLVD STE #8, ANCHORAGE, AK 99503-2399
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Aug 12, 2016
—
33rd Avenue LLC
—
Deed
related
—
Sep 14, 2015
—
33rd Avenue LLC
—
Trustees Deed
related
$3,120,000 · Northrim Bk
Apr 30, 2015
—
33rd Avenue LLC
Michael Investments LLC
Warranty Deed
related
—
Oct 22, 2009
—
Michael Investments LLC
Westside Dev LLC
Warranty Deed
—
Jun 15, 2006
—
Westside Development LLC
Marshall Bedder
Warranty Deed
$522,750 · Alaska USA FCU
May 5, 2004
—
Marshall Bedder
Coven Land Co
Grant Deed
related
—
Nov 27, 2000
—
Coven Land Co
Waipono INC
Quit Claim Deed
related
—
—
—
West Side Dev LLC
—
Deed Of Trust
related
$230,204 · Architects Alaska INC
—
—
33rd Avenue LLC
—
Loan Modification
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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