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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Warehouses
9131 Frontage Rd, Palmer, AK 99645-9335
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US02-0062145
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Construction
WOOD FRAME
Total area
5,225 SF
Lot
0.92 ac (40,075 SF)
Zoning code
3
APN
2841B11L007
UPID
US02-0062145
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
-
Edward Anderson: Allstate Insurance Insurance Agency
-
Anchorage Well & Pump Services Construction Company General Contractor
-
Farmer Surveying LLC Land Surveying Office
-
Sarah Baysinger Physician
-
Matsutestlab Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$655k
Comparable Approach
Comparable
$555k
Blend (final)
Blend
$605k
Owner & transaction history
Ggp LLC · 15 yrs held
Ggp LLC
since 2010
3 recorded transactions
Zoning & alternative use
3 · Palmer, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$690,000
+80.9%
Industrial (general)
$445,000
+16.0%
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%
$710,000
6.5%
$655,000
7%
$605,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$380,000
Current use
RETAIL STORES
$690,000
Change: +81% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$445,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$116 / 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
$9,379
Tax year 2023
Assessed value
$852,200
Assessed 2023
Previous assessed
$824,600
+3.3% YoY
Effective rate
1.10%
On assessed value
Assessed land
$110,400
Assessed improvement
$741,800
Land market value
$110,400
Improvement market value
$741,800
Total market value
$852,200
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Construction
WOOD FRAME
Heating
NONE
Buildings
2
Total area
5,225 SF
Lot
0.92 ac (40,075 SF)
Zoning code
3
APN
2841B11L007
UPID
US02-0062145
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
WAREHOUSE, STORAGE Current
Est. value
$380,000
RETAIL STORES
Est. value
$690,000
INDUSTRIAL (GENERAL)
Est. value
$445,000
WAREHOUSE, STORAGE Current
RETAIL STORES
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
1996
Construction
WOOD FRAME
Heating
NONE
Buildings
2
Lot
0.92 ac
Current owner
From public records · entity-resolved
Ggp LLC
Entity
Mailing address
9131 E FRONTAGE RD STE #3, PALMER, AK 99645-9335
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2019
—
Ggp LLC
—
Deed
related
$200,000 · First National Bank Alaska
Jul 19, 2010
—
Ggp LLC
G G P Limited Partnership
Quit Claim Deed
related
$195,797 · Wells Fargo Bank NA
—
—
Ggp LLC
—
Loan Modification
related
$209,000 · Wells Fargo Bk
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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