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Property profile & analytics
OFF-MARKET
Estimated value
$1,240,000
Office buildings
840 K St Anchorage, AK 99501-3353
Individually Owned
5-yr Hold
Free & Clear
Property ID
US02-0087877
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1973
Total area
21,219 SF
Lot
0.32 ac (13,995 SF)
Zoning code
B2C CENTRAL BUSINESS
APN
001-053-28-000
UPID
US02-0087877
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
-
Lawyer Referral Service Law Firm
-
Alaska Center Resource Family Social Service Agency Charitable Organization
-
Alaska Business Development Center Business Management Consultant
-
Fair and Impartial Courts - Alaska Court Executive Officer
-
Ashler Consulting Services Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$985k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.49M
Blend (final)
Blend
$1.24M
Owner & transaction history
Alaska Bar Assn · 5 yrs held
Alaska Bar Assn
since 2020
7 recorded transactions
Zoning & alternative use
B2C CENTRAL BUSINESS · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.7M
+18.5%
Medical building
$1.7M
+18.1%
Apartment house (5+ units)
$1.6M
+10.6%
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
$985,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,465,000
Current use
RESTAURANT
$1,740,000
Change: +19% · Conversion: Moderate
MEDICAL BUILDING
$1,730,000
Change: +18% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,620,000
Change: +11% · Conversion: Easy
RETAIL STORES
$1,515,000
Change: +3% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,440,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$1.24M
Range $1.12M – $1.36M · ±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
$58 / 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
$50,019
Tax year 2023
Assessed value
$2,937,100
Assessed 2023
Previous assessed
$2,937,100
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$917,400
Assessed improvement
$2,019,700
Land market value
$917,400
Improvement market value
$2,019,700
Total market value
$2,937,100
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1973
Heating
NONE
Cooling
CENTRAL
Total area
21,219 SF
Lot
0.32 ac (13,995 SF)
Zoning code
B2C CENTRAL BUSINESS
APN
001-053-28-000
UPID
US02-0087877
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.5M
RESTAURANT
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
RETAIL STORES
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
OFFICE BUILDING Current
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
AUTO REPAIR, GARAGE
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
1973
Heating
NONE
Cooling
Yes
Lot
0.32 ac
Current owner
From public records · entity-resolved
Alaska Bar Assn
Individual
Free & Clear · 5 yrs held
Mailing address
840 K ST STE #100, ANCHORAGE, AK 99501-3353
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2020
—
Alaska Bar Assn
Aleut Real Estate LLC
Warranty Deed
related
—
Apr 17, 2018
—
Aleut Real Estate LLC
—
Loan Modification
related
$10,000,000 · Wells Fargo Bk
Aug 17, 2017
—
Aleut Real Estate LLC
—
Deed
related
$10,000,000 · Wells Fargo Bk
May 31, 2016
—
Aleut Real Estate LLC
—
Deed
related
$10,000,000 · Wells Fargo Bk
Dec 7, 2012
—
Aleut Real Estate LLC
—
Deed Of Trust
related
$10,000,000 · Wells Fargo Bk/tx
—
—
Aleut Real Estate LLC
—
Loan Modification
related
$10,000,000 · Wells Fargo Bk
—
—
Aleut Real Estate LLC
—
Loan Modification
related
$10,000,000 · Wells Fargo Bk
—
—
Aleut Real Estate LLC
—
Loan Modification
related
$10,000,000 · Wells Fargo 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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