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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Hotels
Anchorage, AK 99508
Individually Owned
22-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US02-0153987
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1960
Construction
WOOD FRAME
Total area
8,872 SF
Lot
0.2 ac (8,775 SF)
Zoning code
R4 MULTI-FAMILY
APN
006-293-18-000
UPID
US02-0153987
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
$640k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$600k
Owner & transaction history
Bret W Hendren · 22 yrs held
Bret W Hendren
since 2004
4 recorded transactions
Zoning & alternative use
R4 MULTI-FAMILY · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$940,000
+329.6%
Retail stores
$875,000
+300.8%
Medical building
$875,000
+299.9%
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
$555,000
CAP Approach
CAP Return
Estimation
6%
$695,000
6.5%
$640,000
7%
$595,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$940,000
Change: +330% · Conversion: Difficult
RETAIL STORES
$875,000
Change: +301% · Conversion: Difficult
MEDICAL BUILDING
$875,000
Change: +300% · Conversion: Difficult
RESTAURANT
$855,000
Change: +291% · Conversion: Difficult
AUTO REPAIR, GARAGE
$670,000
Change: +208% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$655,000
Change: +200% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$68 / 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
$14,970
Tax year 2023
Assessed value
$830,600
Assessed 2023
Previous assessed
$830,600
+0.0% YoY
Effective rate
1.80%
On assessed value
Assessed land
$93,200
Assessed improvement
$737,400
Land market value
$93,200
Improvement market value
$737,400
Total market value
$830,600
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
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1960
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
NONE
Stories
2
Units
16
Total area
8,872 SF
Lot
0.2 ac (8,775 SF)
Zoning code
R4 MULTI-FAMILY
APN
006-293-18-000
UPID
US02-0153987
Jurisdiction
ANCHORAGE
Zoning & alternative use
R4 MULTI-FAMILY · Anchorage, AK
Zoning R4 MULTI-FAMILY · permitted uses
R4 MULTI-FAMILY · 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
Est. value
$940,000
RETAIL STORES
Est. value
$875,000
MEDICAL BUILDING
Est. value
$875,000
RESTAURANT
Est. value
$855,000
AUTO REPAIR, GARAGE
Est. value
$670,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$655,000
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1960
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
16
Lot
0.2 ac
Current owner
From public records · entity-resolved
Bret W Hendren
Individual
Mailing address
12741 HACE ST, ANCHORAGE, AK 99515-3810
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
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 20, 2019
—
Bret W Hendren
—
Deed
related
—
May 24, 2004
—
Bret W Hendren
Kang,namil & Yeun K
Warranty Deed
$712,500 · First National Bank Alaska
—
—
Bret W Hendren
—
Loan Modification
related
—
—
—
Namil Kang
—
Deed Of Trust
related
$480,000 · Northrim Bank
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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