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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Hotels
7830 Old Seward Hwy Anchorage, AK 99518-3234
Individually Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US02-0369583
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1967
Total area
18,526 SF
Lot
0.92 ac (40,010 SF)
Zoning code
B3 GENERAL BUSINESS
APN
013-051-65-000
UPID
US02-0369583
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
-
Al's Alaskan Inn Bar & Pub
-
Ganja by Sarah (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$431k
Blend (final)
Blend
$565k
Owner & transaction history
Insook Baik · 15 yrs held
Insook Baik
since 2010
7 recorded transactions
Zoning & alternative use
B3 GENERAL BUSINESS · 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
Method
Estimation
Statistic approach
by Request
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$590,000
Current use
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$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
$18,207
Tax year 2023
Assessed value
$1,069,100
Assessed 2023
Previous assessed
$1,069,100
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$735,800
Assessed improvement
$333,300
Land market value
$735,800
Improvement market value
$333,300
Total market value
$1,069,100
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1967
Heating
HOT WATER
Cooling
NONE
Total area
18,526 SF
Lot
0.92 ac (40,010 SF)
Zoning code
B3 GENERAL BUSINESS
APN
013-051-65-000
UPID
US02-0369583
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
$590,000
HOTEL/MOTEL Current
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
1967
Heating
HOT WATER
Cooling
Yes
Lot
0.92 ac
Current owner
From public records · entity-resolved
Insook Baik
Individual
Mailing address
2231 BELMONT DR, ANCHORAGE, AK 99517-1355
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2017
—
Insook Baik
—
Deed
related
$225,283 · Wells Fargo Fin'l Nat'l Bk
Dec 27, 2010
$670,000
Insook Baik
Pacific Northwest Title
Trustees Deed
related
—
Mar 10, 2009
—
Allen H Choy
Choy,michael H
Quit Claim Deed
related
—
Oct 13, 2008
—
Mike H Choy
Allen Henry Choy LLC
Quit Claim Deed
related
—
Aug 19, 2003
—
Allen Henry Choy LLC
—
Deed Of Trust
related
$1,100,000 · Northrim Bank
Dec 8, 1999
—
Allen Henry Choy LLC
Choy Trust
Quit Claim Deed
related
$905,088 · National Bank Alaska
—
—
Allen Henry Choy LLC
—
Deed Of Trust
related
$350,000 · Northrim Bank
—
—
Allen Henry Choy LLC
—
Deed Of Trust
related
$1,500,000 · Northrim Bank
—
—
Allen Henry Choy LLC
—
Deed Of Trust
related
$347,000 · Evergreen Community Dev Assn
—
—
Allen H Choy
—
Deed Of Trust
related
$65,000 · Josef F Boehm
—
—
Allen Henry Choy LLC
—
Deed Of Trust
related
$50,000 · Northrim Bank
—
—
Allen Henry Choy LLC
—
Deed Of Trust
related
$1,214,000 · Wells Fargo Bank
—
—
Insook Baik
—
Loan Modification
related
$225,283 · Wells Fargo Fin'l Nat'l Bk
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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