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Property profile & analytics
OFF-MARKET
Estimated value
$5,065,000
Industrial properties
81 Commercial Dr, Palmer, AK 99645-6700
Entity Owned
7-yr Hold
Free & Clear
Property ID
US02-0191214
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1971
Total area
62,447 SF
Lot
9.7 ac (422,532 SF)
Zoning code
12
APN
5033000T00D
UPID
US02-0191214
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
-
Airframes Alaska Logistics Company Moving Company
-
Valley Records Management LLC Storage Facility
-
Alaskan Bushwheel Inc Logistics Company Moving Company
-
Alaska Gear Company (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.75M
Comparable Approach
Comparable
$4.38M
Blend (final)
Blend
$5.07M
Owner & transaction history
Northland Hangars LLC · 7 yrs held
Northland Hangars LLC
since 2018
6 recorded transactions
Zoning & alternative use
12 · Palmer, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$8.3M
+56.0%
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 Palmer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palmer 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%
$6,230,000
6.5%
$5,750,000
7%
$5,340,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,300,000
Current use
RETAIL STORES
$8,265,000
Change: +56% · Conversion: Moderate
WAREHOUSE, STORAGE
$4,570,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$5.07M
Range $4.56M – $5.57M · ±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
$81 / 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
$71,096
Tax year 2023
Assessed value
$6,238,700
Assessed 2023
Previous assessed
$5,813,300
+7.3% YoY
Effective rate
1.14%
On assessed value
Assessed land
$781,700
Assessed improvement
$5,457,000
Land market value
$781,700
Improvement market value
$5,457,000
Total market value
$6,238,700
Applied tax rate
12.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1971
Heating
NONE
Total area
62,447 SF
Lot
9.7 ac (422,532 SF)
Zoning code
12
APN
5033000T00D
UPID
US02-0191214
Jurisdiction
MATANUSKA-SUSITNA
Zoning & alternative use
12 · Palmer, AK
Zoning 12 · permitted uses
12 · Palmer, AK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palmer. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.3M
RETAIL STORES
Est. value
$8.3M
WAREHOUSE, STORAGE
Est. value
$4.6M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
WAREHOUSE, STORAGE
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
1971
Heating
NONE
Lot
9.7 ac
Current owner
From public records · entity-resolved
Northland Hangars LLC
Entity
Free & Clear · 7 yrs held
Mailing address
81 COMMERCIAL DR, PALMER, AK 99645-6700
Ownership since
2018
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
Dec 14, 2018
—
Northland Hangars LLC
Whittaker Management Group LLC
Warranty Deed
related
—
Jan 30, 2009
—
Whitaker Management Group LLC
Octagon Properties Ltd
Warranty Deed
$4,275,000 · Alaska USA FCU
Dec 5, 2006
—
Octagon Properties Ltd
Arctic Structures LLC
Warranty Deed
$2,509,000 · Wells Fargo Bank
—
—
Whittaker Management Group LLC
—
Loan Modification
related
—
—
—
Octagon Properties Ltd
—
Deed Of Trust
related
$13,758,267 · Hsbc Capital (canada) INC
—
—
Arctic Structures LLC
—
Loan Modification
related
$422,718 · Northrim 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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