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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Warehouses
8820 King St Anchorage, AK 99515-1952
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US02-0106556
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1978
Construction
WOOD FRAME
Total area
10,370 SF
Lot
3.61 ac (157,252 SF)
Zoning code
I1 LIGHT INDUSTRIAL
APN
012-325-43-000
UPID
US02-0106556
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
-
Wilkie's Heavy Equipment Repair & Parts Corporate Office
-
Farmer Jack's, LLC Pharmacy
-
bruce's garage Auto Repair Shop Vehicle Inspection Center
-
Wilkie's Heavy Eqouipment Industrial Manufacturer
-
Mudmaster Interior Specialists Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$400k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$823k
Blend (final)
Blend
$610k
Owner & transaction history
Patrick M Whalen · 5 yrs held
Patrick M Whalen
since 2020
5 recorded transactions
Zoning & alternative use
I1 LIGHT INDUSTRIAL · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+65.6%
Auto repair, garage
$875,000
+44.9%
Medical building
$845,000
+40.4%
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
$400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$605,000
Current use
RESTAURANT
$1,000,000
Change: +66% · Conversion: Difficult
AUTO REPAIR, GARAGE
$875,000
Change: +45% · Conversion: Easy
MEDICAL BUILDING
$845,000
Change: +40% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$825,000
Change: +37% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$585,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$59 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$43,370
Tax year 2024
Assessed value
$2,686,300
Assessed 2024
Previous assessed
$2,573,700
+4.4% YoY
Effective rate
1.61%
On assessed value
Assessed land
$1,641,300
Assessed improvement
$1,045,000
Land market value
$1,641,300
Improvement market value
$1,045,000
Total market value
$2,686,300
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1978
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
NONE
Total area
10,370 SF
Lot
3.61 ac (157,252 SF)
Zoning code
I1 LIGHT INDUSTRIAL
APN
012-325-43-000
UPID
US02-0106556
Jurisdiction
ANCHORAGE
Zoning & alternative use
I1 LIGHT INDUSTRIAL · Anchorage, AK
Zoning I1 LIGHT INDUSTRIAL · permitted uses
I1 LIGHT INDUSTRIAL · 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
WAREHOUSE, STORAGE Current
Est. value
$605,000
RESTAURANT
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$875,000
MEDICAL BUILDING
Est. value
$845,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$825,000
INDUSTRIAL (GENERAL)
Est. value
$585,000
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
1978
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Lot
3.61 ac
Current owner
From public records · entity-resolved
Patrick M Whalen
Individual
Mailing address
1001 OLD KLATT RD, ANCHORAGE, AK 99515-3268
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2023
—
Patrick Michael Whalen
—
Deed
related
$2,250,767 · First National Bank Alaska
Aug 7, 2020
—
Patrick M Whalen
James Yoo
Warranty Deed
$731,250 · First National Bank Alaska
Aug 25, 2014
—
James Yoo
Wilkison,robert & Edith A
Grant Deed
$1,380,000 · Robert & Edith A Wilkison
—
—
Edith A Wilkison
—
Deed Of Trust
related
$475,000 · Northrim Bank
—
—
Edith A Wilkison
—
Deed Of Trust
related
$491,536 · Key Bank & Trust
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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