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Property profile & analytics
OFF-MARKET
Estimated value
$1,290,000
Hotels
720 Gambell St Anchorage, AK 99501-3755
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US02-0118070
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1956
Construction
WOOD FRAME
Total area
27,370 SF
Lot
0.96 ac (42,000 SF)
Zoning code
B3 GENERAL BUSINESS
APN
002-122-07-000
UPID
US02-0118070
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
-
Travel Inn Hotel & Motel
-
Hotel The Alaskan Samovar Inn Anchorage Restaurant
-
S Lounge Bar & Pub Nightclub
-
Crandall Williams Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.29M
Owner & transaction history
Hong & Lees INC · 20 yrs held
Hong & Lees INC
since 2006
7 recorded transactions
Zoning & alternative use
B3 GENERAL BUSINESS · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.1M
+81.1%
Retail stores
$2.0M
+69.0%
Office building
$1.9M
+63.8%
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
$1,195,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,155,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,090,000
Change: +81% · Conversion: Difficult
RETAIL STORES
$1,950,000
Change: +69% · Conversion: Difficult
OFFICE BUILDING
$1,890,000
Change: +64% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,860,000
Change: +61% · Conversion: Difficult
Blend value · Realmo final
$1.29M
Range $1.16M – $1.42M · ±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
$47 / 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
$18,770
Tax year 2023
Assessed value
$1,102,200
Assessed 2023
Previous assessed
$1,102,200
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$648,300
Assessed improvement
$453,900
Land market value
$648,300
Improvement market value
$453,900
Total market value
$1,102,200
Applied tax rate
1.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1956
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
NONE
Units
70
Total area
27,370 SF
Lot
0.96 ac (42,000 SF)
Zoning code
B3 GENERAL BUSINESS
APN
002-122-07-000
UPID
US02-0118070
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
HOTEL/MOTEL Current
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
RETAIL STORES
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.9M
HOTEL/MOTEL Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
OFFICE BUILDING
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
1956
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
Yes
Units
70
Lot
0.96 ac
Current owner
From public records · entity-resolved
Hong & Lees INC
Entity
Mailing address
720 GAMBELL ST, ANCHORAGE, AK 99501-3755
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
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
Mar 13, 2006
—
Hong & Lees INC
—
Trustees Deed
related
$100,362 · First National Bank Alaska
—
—
Hong & Lees INC
—
Deed Of Trust
related
$250,000 · First National Bank Alaska
—
—
Han Y Cho
—
Deed Of Trust
related
$30,000 · Susie U Bae
—
—
Hong & Lees INC
—
Deed Of Trust
related
$1,722,086 · First National Bank Alaska
—
—
Lees,hong & Lees INC
—
Deed Of Trust
related
$202,797 · First National Bank Alaska
—
—
Hong & Lees INC
—
Deed Of Trust
related
$426,100 · Us Small Business Admn
—
—
Hong & Lees INC
—
Deed Of Trust
related
$1,897,406 · 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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