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Property profile & analytics
OFF-MARKET
Estimated value
$3,600,000
Office buildings
900 5th Ave Anchorage, AK 99501-2045
Entity Owned
6-yr Hold
Free & Clear
Property ID
US02-0002847
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1979
Total area
83,463 SF
Lot
0.37 ac (16,262 SF)
Zoning code
B2B CENTRAL BUSINESS
APN
001-034-62-000
UPID
US02-0002847
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
-
Adult & Juvenile Representation Law Firm
-
Alaska Public Defender Law Firm
-
Fifth Avenue Building Business Service Center Corporate Office
-
Brooking Cheryl R Law Firm
-
Friends of Alaska's Children in Care Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.60M
Owner & transaction history
Anchorage Ak I Sgf LLC · 6 yrs held
Anchorage Ak I Sgf LLC
since 2019
4 recorded transactions
Zoning & alternative use
B2B CENTRAL BUSINESS · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$6.0M
+3.2%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,765,000
Current use
RETAIL STORES
$5,955,000
Change: +3% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,665,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$3.60M
Range $3.24M – $3.96M · ±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
$43 / 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
$193,245
Tax year 2023
Assessed value
$11,347,300
Assessed 2023
Previous assessed
$11,347,300
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$1,218,200
Assessed improvement
$10,129,100
Land market value
$1,218,200
Improvement market value
$10,129,100
Total market value
$11,347,300
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
1979
Heating
FORCED AIR
Cooling
CENTRAL
Stories
7
Total area
83,463 SF
Lot
0.37 ac (16,262 SF)
Zoning code
B2B CENTRAL BUSINESS
APN
001-034-62-000
UPID
US02-0002847
Jurisdiction
ANCHORAGE
Zoning & alternative use
B2B CENTRAL BUSINESS · Anchorage, AK
Zoning B2B CENTRAL BUSINESS · permitted uses
B2B 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
$5.8M
RETAIL STORES
Est. value
$6.0M
AUTO REPAIR, GARAGE
Est. value
$5.7M
OFFICE BUILDING Current
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
1979
Heating
FORCED AIR
Cooling
Yes
Stories
7
Lot
0.37 ac
Current owner
From public records · entity-resolved
Anchorage Ak I Sgf LLC
Entity
Free & Clear · 6 yrs held
Mailing address
240 E TUDOR RD STE #205, ANCHORAGE, AK 99503-7244
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2019
—
Anchorage Ak I Sgf LLC
Bank Of New Yor 2007-iq14
Grant Deed
—
Nov 13, 2017
$11,750,000
Bank Of New York Mello 2007-iq14 Tr
Beacon Default Mgmt INC|5th & 6th LLC
Trustees Deed
related
—
Feb 16, 2007
—
5th & 6th LLC
Fifth Avenue Building LLC
Warranty Deed
related
—
Dec 20, 2002
—
Fifth Avenue Building LLC
Hickel Investment Co
Grant Deed
$6,200,000 · Prudential Mortgage Capital Co
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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