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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Industrial properties
9001 Frontage Rd, Palmer, AK 99645-9317
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US02-0368487
Property profile
Verified
Property type
Industrial properties
Use group
CONSTRUCTION/CONTRACTING SERVICES
Year built
2001
Total area
6,276 SF
Lot
0.92 ac (40,075 SF)
Zoning code
3
APN
2841B12L027
UPID
US02-0368487
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$580k
Comparable Approach
Comparable
$476k
Blend (final)
Blend
$525k
Owner & transaction history
Dean Brown Martin SR.
Dean Brown Martin SR.
since 2025
5 recorded transactions
Zoning & alternative use
3 · Palmer, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$830,000
+56.0%
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 Palmer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palmer 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%
$625,000
6.5%
$580,000
7%
$535,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$535,000
Current use
RETAIL STORES
$830,000
Change: +56% · Conversion: Moderate
WAREHOUSE, STORAGE
$460,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$84 / 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
$7,451
Tax year 2023
Assessed value
$677,000
Assessed 2023
Previous assessed
$634,200
+6.7% YoY
Effective rate
1.10%
On assessed value
Assessed land
$110,100
Assessed improvement
$566,900
Land market value
$110,100
Improvement market value
$566,900
Total market value
$677,000
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
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
Industrial properties
Use group
CONSTRUCTION/CONTRACTING SERVICES
Status
Off-Market
Year built
2001
Heating
NONE
Total area
6,276 SF
Lot
0.92 ac (40,075 SF)
Zoning code
3
APN
2841B12L027
UPID
US02-0368487
Jurisdiction
MATANUSKA-SUSITNA
Zoning & alternative use
3 · Palmer, AK
Zoning 3 · permitted uses
3 · Palmer, AK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palmer. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$535,000
RETAIL STORES
Est. value
$830,000
WAREHOUSE, STORAGE
Est. value
$460,000
INDUSTRIAL (GENERAL) Current
RETAIL STORES
WAREHOUSE, STORAGE
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
2001
Heating
NONE
Lot
0.92 ac
Current owner
From public records · entity-resolved
Dean Brown Martin SR.
Individual
Mailing address
450 N KLOUDA CIR UNIT A, WASILLA, AK 99654-7726
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Jul 24, 2025
—
Dean Brown Martin SR.
—
Deed
related
$486,970 · First National Bank Alaska
Aug 30, 2016
—
Martin D Brown
—
Deed
related
$230,000 · First Nat'l Bk/ak
—
—
Martin D Brown
—
Deed Of Trust
related
$310,000 · First Nat'l Bk/ak
—
—
Martin D Brown
—
Deed Of Trust
related
$145,000 · First Nat'l Bk/ak
—
—
Martin D Brown
—
Deed Of Trust
related
$230,000 · First Nat'l Bk/ak
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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