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Property profile & analytics
OFF-MARKET
Hotels
826 K St Anchorage, AK 99501-3332
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US02-0027731
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1962
Construction
WOOD FRAME
Total area
5,639 SF
Lot
0.16 ac (7,000 SF)
Zoning code
B2C CENTRAL BUSINESS
APN
001-053-26-000
UPID
US02-0027731
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
-
Anchorage Downtown Hotel Hotel & Motel
-
Highliner Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Wesley M Nakamoto · 5 yrs held
Wesley M Nakamoto
since 2020
7 recorded transactions
Zoning & alternative use
B2C CENTRAL 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$11,078
Tax year 2023
Assessed value
$650,500
Assessed 2023
Previous assessed
$650,500
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$458,900
Assessed improvement
$191,600
Land market value
$458,900
Improvement market value
$191,600
Total market value
$650,500
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
1962
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
NONE
Stories
2
Units
17
Total area
5,639 SF
Lot
0.16 ac (7,000 SF)
Zoning code
B2C CENTRAL BUSINESS
APN
001-053-26-000
UPID
US02-0027731
Jurisdiction
ANCHORAGE
Zoning & alternative use
B2C CENTRAL BUSINESS · Anchorage, AK
Zoning B2C CENTRAL BUSINESS · permitted uses
B2C CENTRAL 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.
Building & site characteristics
From public records
Year built
1962
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
17
Lot
0.16 ac
Current owner
From public records · entity-resolved
Wesley M Nakamoto
Individual
Mailing address
4020 CROSSON DR, ANCHORAGE, AK 99517-2455
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2026
—
Tmt Real Estate LLC
—
Deed
related
$1,612,500 · First National Bank Alaska
Apr 20, 2023
—
Tmt Real Estate LLC
—
Deed
related
$987,000 · First National Bank Alaska
Nov 6, 2020
—
Bret W Hendren
—
Deed
related
$177,768 · First National Bank Alaska
Oct 20, 2020
—
Wesley M Nakamoto
Municipality Of Anchorage
Quit Claim Deed
related
—
Apr 5, 2018
—
Wesley Nakamoto
—
Deed
related
$450,000 · Donald L Cassel
Apr 11, 2013
—
Wesley M Nakamoto
Gemini Properties LLC
Warranty Deed
$830,000 · Gemini Properties LLC
Apr 30, 2008
—
Gemini Properties LLC
Green,bart M
Quit Claim Deed
related
—
Dec 9, 2004
—
Gemini Properties LLC
Green,bart M
Quit Claim Deed
related
—
Aug 27, 2004
—
Gemini Properties LLC
Green,bart M
Quit Claim Deed
related
—
May 25, 2001
—
Bart M Green
Ship Creek Hotel INC
Grant Deed
$350,000 · Ship Creek Hotel INC
—
—
Donald L Joyner
—
Deed Of Trust
related
$121,986 · Northrim Bank
—
—
Bart M Green
—
Deed Of Trust
related
$650,000 · First National Bank Alaska
—
—
Bart M Green
—
Deed Of Trust
related
$100,000 · Donald L Joyner
—
—
Wesley Nakamoto
—
Deed Of Trust
related
$450,000 · Donald L Cassel
—
—
Gemini Properties LLC
—
Deed Of Trust
related
$662,069 · 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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