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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Residential income homes
7718 Old Hbr Ave, Anchorage, AK 99504-1932
Individually Owned
17-yr Hold
~
Est. High Equity
Property ID
US02-0355714
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1965
Total area
7,371 SF
Lot
0.68 ac (29,430 SF)
Zoning code
R1 SINGLE FAMILY
APN
006-101-37-000
UPID
US02-0355714
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
$420k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$611k
Blend (final)
Blend
$515k
Owner & transaction history
Arc Of Anchorage · 17 yrs held
Arc Of Anchorage
since 2008
6 recorded transactions
Zoning & alternative use
R1 SINGLE FAMILY · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$710,000
+27.7%
Medical building
$600,000
+8.3%
Office building
$565,000
+1.4%
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
$420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$555,000
Current use
RESTAURANT
$710,000
Change: +28% · Conversion: Difficult
MEDICAL BUILDING
$600,000
Change: +8% · Conversion: Moderate
OFFICE BUILDING
$565,000
Change: +1% · Conversion: Moderate
AUTO REPAIR, GARAGE
$560,000
Change: +0% · Conversion: Difficult
RETAIL STORES
$455,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$70 / 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
$16,722
Tax year 2023
Assessed value
$981,900
Assessed 2023
Previous assessed
$981,900
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$139,700
Assessed improvement
$842,200
Land market value
$139,700
Improvement market value
$842,200
Total market value
$981,900
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1965
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Units
2
Rooms
18
Bathrooms
4
Total area
7,371 SF
Lot
0.68 ac (29,430 SF)
Zoning code
R1 SINGLE FAMILY
APN
006-101-37-000
UPID
US02-0355714
Jurisdiction
ANCHORAGE
Zoning & alternative use
R1 SINGLE FAMILY · Anchorage, AK
Zoning R1 SINGLE FAMILY · permitted uses
R1 SINGLE FAMILY · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$555,000
RESTAURANT
Est. value
$710,000
MEDICAL BUILDING
Est. value
$600,000
OFFICE BUILDING
Est. value
$565,000
AUTO REPAIR, GARAGE
Est. value
$560,000
RETAIL STORES
Est. value
$455,000
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1965
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
2
Rooms
18
Bathrooms
4
Lot
0.68 ac
Current owner
From public records · entity-resolved
Arc Of Anchorage
Individual
Mailing address
2211 ARCA DR, ANCHORAGE, AK 99508-3462
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2008
—
Arc Of Anchorage
Russian Orthodox Diocese Of Alask
Warranty Deed
—
Jul 31, 2006
—
Russian Orthodox Diocese Of Alask
Hubble,chris D & Christin M
Warranty Deed
—
Sep 12, 2003
—
Chris D Hubble
Hubble,chris D
Quit Claim Deed
related
$180,000 · Wells Fargo Home Mortgage INC
Nov 5, 2001
—
Chris D Hubble
Hubble,chris D
Quit Claim Deed
related
$181,000 · Residential Mortgage Corp
Dec 30, 1998
—
Robert D Thomas
Engle Hms V A INC
Grant Deed
$140,000 · Residential Mortgage Corp
—
—
Chris D Hubble
—
Deed Of Trust
related
$100,000 · Wells Fargo Bank
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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