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    820 7th Ave Anchorage, AK 99501-3407
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    Property profile & analytics

    820 7th Ave, Anchorage, AK 99501-3407

    View on Map
    • Hotels
    • 38,454 SF
    • 0.80 lot acres
    Off-Market
    Property ID
    US02-0079274
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,050,000
    Show details
    Cap Rate Potential
    8.9%
    Hotels
    Location Intelligence

    Current Use by Public Records

    • Marriott Anchorage Downtown / Hotel & Motel

    Property Details for 820 7th Ave

    Year built
    1998
    Lot size
    0.80 lot acres
    Zone code
    B2B CENTRAL BUSINESS
    Property type
    Hotels
    Property subtype
    Motels
    APN
    001-054-55-000
    APU
    105455000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 6, 2026 — Columbia Properties Anchorage LP — Deed · related —
    Nov 3, 2025 — Columbia Properties Anchorage LP — Deed · related $65M · Wells Fargo Bank NA
    Jul 18, 2008 — Columbia Props Anchorage — Deed Of Trust · related $305M · Us Bank NA
    Sep 12, 2006 — Columbia Props Anchorage — Deed Of Trust · related $500M · Us Bank NA
    — — Columbia Props Anchorage LP — Deed Of Trust · related $76M · Citigroup Global Markets Rlty
    — — Columbia Props Anchorage — Deed Of Trust · related —
    — — Columbia Props Anchorage LP — Deed Of Trust · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $2,030,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,015,000
      6.5%
      $2,780,000
      7%
      $2,585,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,067,000
      Market price range: $984k - $2.07M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $1,620,000
      Current use
      RESTAURANT
      $3,150,000
      Change: +94% Conversion: Difficult
      MEDICAL BUILDING
      $3,140,000
      Change: +93% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $2,940,000
      Change: +81% Conversion: Difficult
      RETAIL STORES
      $2,745,000
      Change: +69% Conversion: Difficult
      OFFICE BUILDING
      $2,655,000
      Change: +64% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,610,000
      Change: +61% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Anchorage
    County
    Anchorage
    State
    Alaska
    Longitude
    -149.899
    Latitude
    61.2153
    CBSA code
    11260
    CBSA name
    ANCHORAGE, AK METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $731,115
    $2,624,900
    $40,306,100
    $42,931,000
    -
    $2,624,900
    $40,306,100
    $42,931,000

    Comparable in this City

    • Value Estimation
      $915,000
      11,934 SF

      433 Eagle St

      HOTEL/MOTEL
      433 Eagle St, Anchorage, AK 99501-2614
      View Details
    • Value Estimation
      $3,240,000
      66,400 SF

      1327 Nelchina St

      HOTEL/MOTEL
      1327 Nelchina St, Anchorage, AK 99501-4825
      View Details
    • Value Estimation
      $3,180,000
      67,056 SF

      1110 8th Ave

      HOTEL/MOTEL
      1110 8th Ave, Anchorage, AK 99501-3350
      View Details
    • Value Estimation
      $2,050,000
      62,037 SF

      325 8th Ave

      HOTEL/MOTEL
      325 8th Ave, Anchorage, AK 99501-3541
      View Details
    • Value Estimation
      $3,230,000
      63,014 SF

      952 Cordova St

      HOTEL/MOTEL
      952 Cordova St, Anchorage, AK 99501-3785
      View Details
    • Value Estimation
      $4,535,000
      92,600 SF

      239 4th Ave

      HOTEL/MOTEL
      239 4th Ave, Anchorage, AK 99501-2318
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17,248 SF

      Downtown Anchorage Mixed-Use Building

      Mixed-use building in downtown Anchorage, Alaska, available for sale.
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    • $1,950,000
      7,494 SF

      Anchorage Industrial Property - Huge Potential

      Large warehouse, office space, ample yard. Ideal for aviation.
      1421 8Th Ave, Anchorage, AK 99501
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      Anchorage Office Condos For Sale

      Office condos available for sale in Anchorage, Alaska.
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      Historical Nightclub/Bar/Restaurant Opportunity

      Former nightclub/bar/restaurant with great reputation for food and entertainment.
      535 W 3Rd Ave, Anchorage, AK 99501
      View Details
    • Contact for pricing
      90,883 SF

      Midtown Anchorage Automotive Property

      90,883 SF building on 8 acres in Midtown Anchorage.
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      View Details
    • $495,000
      0.48 Acres

      Anchorage Land Ready For Development

      Three combined lots ideal for office, retail, or medical development.
      1001 W Fireweed Ln, Anchorage, AK 99501
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Warehouse and Office Space Available

      Warehouse and office space for lease in Anchorage, Alaska.
      1120 East 1St Ave, Anchorage, AK 99501
      View Details
    • Contact for pricing

      Midtown Anchorage Office Suite

      Efficient office suite in Midtown Anchorage with natural light.
      201-3501 Denali St, Anchorage, AK 99501
      View Details
    • Contact for pricing

      Retail Space Near Glenn Highway

      Shopping center space available off Glenn Highway in Anchorage.
      131-3048 Mountain View Dr, Anchorage, AK 99501
      View Details
    • Contact for pricing

      Remodeled Office Space Available

      Modern office space with updated amenities and convenient location.
      106-431 W 7Th Ave, Anchorage, AK 99501
      View Details
    • Contact for pricing

      Downtown Warehouse/Office Space Available

      15,500 SF warehouse/office in Downtown Commercial Business District.
      443 E 4Th Ave, Anchorage, AK 99501
      View Details
    • Contact for pricing

      Class A Office Space Available

      Office space in a Class A building, ideal location.
      510 L St, Anchorage, AK 99501
      View Details
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    820 7th Ave
    Anchorage, AK 99501-3407
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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