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Property profile & analytics
OFF-MARKET
Estimated value
$1,255,000
Grocery and convenience stores
900 13th Ave, Anchorage, AK 99501-4318
Entity Owned
14-yr Hold
Free & Clear
Property ID
US02-0063959
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1952
Total area
17,252 SF
Lot
0.96 ac (42,000 SF)
Zoning code
B1A
APN
001-092-42-000
UPID
US02-0063959
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
-
L'Aroma Bakery & Deli Bakery Specialty Food Shop
-
Genesis Coffee Lab Department Store
-
Inlet View Elementary Ice Rink Ice Skating Rink
-
New Sagaya City Market Grocery & Convenience Store Food Market
-
Kaladi Brothers Coffee Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$825k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.69M
Blend (final)
Blend
$1.26M
Owner & transaction history
Thirteenth & I Properties LLC · 14 yrs held
Thirteenth & I Properties LLC
since 2012
2 recorded transactions
Zoning & alternative use
B1A · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+14.9%
Medical building
$1.4M
+14.4%
Apartment house (5+ units)
$1.3M
+7.1%
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
$825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,230,000
Current use
RESTAURANT
$1,415,000
Change: +15% · Conversion: Easy
MEDICAL BUILDING
$1,410,000
Change: +14% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,320,000
Change: +7% · Conversion: Difficult
OFFICE BUILDING
$1,190,000
Change: -3% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,170,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$1.26M
Range $1.13M – $1.38M · ±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
$73 / 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
$39,135
Tax year 2023
Assessed value
$2,298,000
Assessed 2023
Previous assessed
$2,298,000
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$1,310,800
Assessed improvement
$987,200
Land market value
$1,310,800
Improvement market value
$987,200
Total market value
$2,298,000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1952
Heating
HOT WATER
Cooling
NONE
Stories
1
Total area
17,252 SF
Lot
0.96 ac (42,000 SF)
Zoning code
B1A
APN
001-092-42-000
UPID
US02-0063959
Jurisdiction
ANCHORAGE
Zoning & alternative use
B1A · Anchorage, AK
Zoning B1A · permitted uses
B1A · 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
RETAIL STORES Current
Est. value
$1.2M
RESTAURANT
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1952
Heating
HOT WATER
Cooling
Yes
Stories
1
Lot
0.96 ac
Current owner
From public records · entity-resolved
Thirteenth & I Properties LLC
Entity
Free & Clear · 14 yrs held
Mailing address
2525 BLUEBERRY RD STE #106, ANCHORAGE, AK 99503-2647
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2012
—
Thirteenth & I Properties LLC
Reid,paul L
Quit Claim Deed
related
—
Oct 8, 2008
—
Paul L Reid
Nito,hiroko
Quit Claim Deed
related
—
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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