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Property profile & analytics
OFF-MARKET
Estimated value
$470,000
Warehouses
7011 Old Seward Hwy Anchorage, AK 99518-2279
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US02-0017461
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1983
Total area
20,260 SF
Lot
0.55 ac (24,161 SF)
Zoning code
I1 LIGHT INDUSTRIAL
APN
014-111-57-000
UPID
US02-0017461
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
-
Alyeska Tire - Distribution Center AT/DC (Bike/Boat/Book/etc) Store Auto Parts Store
-
Alaska Family Child Care Association Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$470k
Owner & transaction history
Wortham Real Estate Invs LLC · 10 yrs held
Wortham Real Estate Invs LLC
since 2016
7 recorded transactions
Zoning & alternative use
I1 LIGHT INDUSTRIAL · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.7M
+51.3%
Auto repair, garage
$1.6M
+48.6%
Apartment house (5+ units)
$1.6M
+44.5%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,095,000
Current use
MEDICAL BUILDING
$1,655,000
Change: +51% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,625,000
Change: +49% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,580,000
Change: +44% · Conversion: Difficult
OFFICE BUILDING
$1,320,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$1,300,000
Change: +19% · Conversion: Moderate
Blend value · Realmo final
$470k
Range $423k – $517k · ±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
$23 / 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
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1983
Heating
YES
Cooling
NONE
Stories
2
Total area
20,260 SF
Lot
0.55 ac (24,161 SF)
Zoning code
I1 LIGHT INDUSTRIAL
APN
014-111-57-000
UPID
US02-0017461
Jurisdiction
ANCHORAGE
Zoning & alternative use
I1 LIGHT INDUSTRIAL · Anchorage, AKZoning 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
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.3M
RETAIL STORES
Est. value
$1.3M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RETAIL STORES
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
1983
Heating
YES
Cooling
Yes
Stories
2
Lot
0.55 ac
Current owner
From public records · entity-resolved
Wortham Real Estate Invs LLC
Entity
Mailing address
PO BOX 1331, KENAI, AK 99611-1331
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2016
—
Wortham Real Estate Invs LLC
Wortham,franklin G
Quit Claim Deed
related
—
May 1, 2015
—
Franklin G Wortham
Haslett Kathleen F Trust
Warranty Deed
$1,710,000 · Haslett Kathleen F Trust (pt)
Dec 23, 2002
—
Haslett,tr
Balich,m
Grant Deed
related
$1,012,500 · First National Bank Alaska
Oct 6, 1999
—
Michael H Balich
7011 Old Seward Partners
Quit Claim Deed
related
$600,000 · Northrim Bank
—
—
7011 Old Seward Partners
—
Deed Of Trust
related
$125,000 · Northrim Bank
—
—
Haslett Kathleen Trust
—
Deed Of Trust
related
$100,000 · First National Bank Alaska
—
—
Haslett,tr
—
Deed Of Trust
related
$1,050,000 · First National Bank Alaska
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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