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Property profile & analytics
OFF-MARKET
Estimated value
$11,330,000
Grocery and convenience stores
Palmer Wasilla Hwy Wasilla, AK 99654
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US02-0124827
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2005
Total area
59,201 SF
Lot
4.94 ac (215,186 SF)
Zoning code
17
APN
2833B02L001
UPID
US02-0124827
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
$11.07M
CAP Approach
CAP
$11.00M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.33M
Owner & transaction history
Varsity Surgery Center LLC · 4 yrs held
Varsity Surgery Center LLC
since 2022
Last sale
$11.6M
6 recorded transactions
Zoning & alternative use
17 · Wasilla, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Wasilla submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wasilla 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
$11,065,000
CAP Approach
CAP Return
Estimation
6%
$11,910,000
6.5%
$10,995,000
7%
$10,210,000
Blend value · Realmo final
$11.33M
Range $10.20M – $12.46M · ±10% · vs last sale $11.63M (Jun 1 2022)
Last sale anchor
$11.63M
Jun 1 2022
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
$191 / 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
$56,779
Tax year 2023
Assessed value
$5,131,900
Assessed 2023
Previous assessed
$4,829,000
+6.3% YoY
Effective rate
1.11%
On assessed value
Assessed land
$844,600
Assessed improvement
$4,287,300
Land market value
$844,600
Improvement market value
$4,287,300
Total market value
$5,131,900
Applied tax rate
17.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2005
Heating
NONE
Total area
59,201 SF
Lot
4.94 ac (215,186 SF)
Zoning code
17
APN
2833B02L001
UPID
US02-0124827
Jurisdiction
MATANUSKA-SUSITNA
Zoning & alternative use
17 · Wasilla, AK
Zoning 17 · permitted uses
17 · Wasilla, AK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wasilla. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2005
Heating
NONE
Lot
4.94 ac
Current owner
From public records · entity-resolved
Varsity Surgery Center LLC
Entity
Mailing address
1741 DUAL HWY STE B, HAGERSTOWN, MD 21740-6626
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2022
—
Varsity Surgery Center LLC
Palmer Wasilla Grocery Owenrs LLC
Special Warranty Deed
$8,851,462 · First National Bank Alaska
Feb 28, 2012
—
Palmer-wasilla Grocery Owners
Bv Tba Mat-su Valley LLC
Grant Deed
$6,580,000 · Basis R/e Cap II
Apr 11, 2005
—
L & J Ents INC
—
Trustees Deed
related
$5,275,000 · First National Bank Alaska
Jul 30, 2004
—
L & J Ents INC
B & R LLC
Warranty Deed
$1,000,000 · Casel International INC
—
—
Bv Tba Mat-su Valley LLC
—
Deed Of Trust
related
$5,400,000 · Us Bank NA
—
—
Three Bears Alaska INC
—
Deed Of Trust
related
$200,000 · Rural Housing & Community Dev
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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