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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Office buildings
911 8th Ave Anchorage, AK 99501-3340
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US02-0027734
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1966
Construction
WOOD FRAME
Total area
9,320 SF
Lot
0.34 ac (14,816 SF)
Zoning code
B2C CENTRAL BUSINESS
APN
001-054-53-000
UPID
US02-0027734
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
-
Bowles & Associates LLC Tax Preparation
-
AlertWet Home Health Care Service Medical Supply Store
-
Alaska Ocean Products LLC Food Processing Plant
-
Matthews & Zahare, P.C. Law Firm
-
White Lotus Law Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$977k
Blend (final)
Blend
$785k
Owner & transaction history
Jack Grummett · 4 yrs held
Jack Grummett
since 2022
5 recorded transactions
Zoning & alternative use
B2C CENTRAL BUSINESS · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+100.5%
Restaurant
$765,000
+18.5%
Medical building
$760,000
+18.1%
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
$590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$645,000
Current use
COMMERCIAL (GENERAL)
$1,290,000
Change: +100% · Conversion: Easy
RESTAURANT
$765,000
Change: +19% · Conversion: Moderate
MEDICAL BUILDING
$760,000
Change: +18% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$710,000
Change: +11% · Conversion: Easy
RETAIL STORES
$665,000
Change: +3% · Conversion: Moderate
AUTO REPAIR, GARAGE
$635,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$785k
Range $707k – $864k · ±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
$46,197
Tax year 2023
Assessed value
$2,712,700
Assessed 2023
Previous assessed
$2,712,700
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$971,200
Assessed improvement
$1,741,500
Land market value
$971,200
Improvement market value
$1,741,500
Total market value
$2,712,700
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
1966
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
NONE
Stories
2
Total area
9,320 SF
Lot
0.34 ac (14,816 SF)
Zoning code
B2C CENTRAL BUSINESS
APN
001-054-53-000
UPID
US02-0027734
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
$645,000
COMMERCIAL (GENERAL)
Est. value
$1.3M
RESTAURANT
Est. value
$765,000
MEDICAL BUILDING
Est. value
$760,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$710,000
RETAIL STORES
Est. value
$665,000
AUTO REPAIR, GARAGE
Est. value
$635,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
1966
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
Jack Grummett
Individual
Mailing address
810 NN ST STE #100, ANCHORAGE, AK 99501-3268
Ownership since
2022
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
Jan 3, 2022
—
Jack Grummett
Alaska Prime Rentals LLC
Warranty Deed
$705,636 · United Wholesale Mortgage
Sep 3, 2021
—
Brian Carter
Jerry A Winfrey
Warranty Deed
$261,000 · United Wholesale Mortgage
Aug 29, 2018
—
Rsd Properties LLC
Tryck Nyman Building Company LLC
Warranty Deed
$277,165 · Alaska USA FCU
Dec 21, 2010
—
Tryck-nyman Building Co LLC
Tryck-nyman Building Co
Quit Claim Deed
related
—
—
—
Tryck-nyman Building Co LLC
—
Deed Of Trust
related
$131,964 · First National Bank Alaska
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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