Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space in Piazza Plaza Title is generated by Realmo AI

    601 E Northern Lights Boulevard, Anchorage, AK 99503

    View on Map
    Claim this Listing
    For Lease
    $2.00 SF/Yr $70/Mo (calc)

    COMMERCIAL - Anchorage, AK

    Property size:
    425 SF
    Added:
    Mar 1, 2026
    Days on Market:
    91
    Last Refresh:
    May 31 at 4:06 pm

    Property Features for 601 E Northern Lights Boulevard

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    B3 - General Business
    Standard status
    Active
    Size
    425 SF

    Taxes and HOA fees

    Tax Description
    Lampert S/D L18&18A&19&20 B3

    Building Details

    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Wood Frame

    We can help!

    Listing Contact
    J. Michael James
    J. Michael James

    Listing agent J. Michael James License #15758

    Listing office Berkshire Hathaway HomeServices Alaska Realty 561 E 36th Ave Ste 200, Anchorage, AK

    Listing date Mar 1, 2026

    MLS# 26-2258

    Copyright © 2026 Alaska Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Three comfortable stations, two featuring built‑in hair bowls.
    • Formerly the Continental Men's Hair Styling.
    • Located within the Piazza Plaza Mall.
    • No CAMS (Common Area Maintenance Charges).
    • Tenant pays electric.
    • Wood Frame construction.

    Overview

    This 425 square feet retail space is located within the Piazza Plaza Mall in Anchorage, Alaska. The property was formerly the Continental Men's Hair Styling. It features three stations, including two with built-in hair bowls. The zoning is B3 - General Business. The tenant is responsible for paying for electricity. There are no CAMS.
    Property Profile Location Intelligence

    Current Use by Public Records

    Continental Men's Hairstyling Barber Shop Pizza Plaza Restaurant Anchorage Opticians Ophthalmologist Max Muscle Nutrition Pharmacy Anchorage Wellness Center Physician

    Map

    City
    Anchorage
    County
    Anchorage
    State
    Alaska
    Longitude
    -149.871918
    Latitude
    61.195611

    Nearby Similar for Lease

    • $2.00 SF/Yr
      3,168 SF

      Anchorage Commercial Space For Rent

      Commercial space available in Anchorage, suitable for medical or office use.
      4007 Old Seward Highway, Anchorage, AK 99503
      View Details
    • $2.00 SF/Yr
      3,168 SF

      Anchorage Commercial Space Available Now

      Commercial space in Anchorage, previously occupied by a chiropractor.
      4007 Old Seward Highway, Anchorage, AK 99503
      View Details
    • $2.00 SF/Yr
      1,684 SF

      Anchorage Commercial Space For Rent

      Commercial space available in Anchorage, Alaska, formerly a dry cleaner.
      5915 Lake Otis Parkway, Anchorage, AK 99507
      View Details
    • $2.00 SF/Yr
      3,168 SF

      Anchorage Medical Space Available Now

      Medical space with reception, PT rooms, and treatment rooms available.
      4007 Old Seward Highway, Anchorage, AK 99503
      View Details
    • $2.00 SF/Yr
      1,604 SF

      Anchorage Office Suite For Rent

      Ground floor office suite near JBER main entrance.
      4600 DeBarr Road, Anchorage, AK 99508
      View Details
    • $1.00 SF/Yr
      5,201 SF

      Anchorage Warehouse with Office Space

      Warehouse with office and mezzanine space in midtown Anchorage.
      2404 Barrow Street, Anchorage, AK 99503
      View Details
    • $2.00 SF/Yr
      4,000 SF

      Anchorage Retail-Office Space Available

      Retail-office space for lease in Anchorage, fronting Fireweed Lane.
      123 E Fireweed Lane, Anchorage, AK 99503
      View Details
    • $2.00 SF/Yr
      4,000 SF

      Anchorage Retail-Office Space Available

      Retail-office space for lease in Anchorage, fronting Fireweed Lane.
      123 E Fireweed Lane, Anchorage, AK 99503
      View Details
    • $2.00 SF/Yr
      4,000 SF

      Anchorage Retail-Office Space Available

      Retail-office space for lease in Anchorage, fronting Fireweed Lane.
      123 E Fireweed Lane, Anchorage, AK 99503
      View Details
    • $1.00 SF/Yr
      1,810 SF

      Anchorage Office Space For Rent

      Value-priced office space with ample parking in Anchorage, Alaska.
      123 E Fireweed Lane, Anchorage, AK 99503
      View Details
    • $2.00 SF/Yr
      945 SF

      Anchorage Office Space For Rent

      East side office space available for lease in Anchorage, AK.
      6901 Debarr Road, Anchorage, AK 99504
      View Details
    • $2 SF/Yr
      2,412 SF

      Retail Space on E. Tudor

      Ground floor retail space with high visibility and traffic.
      107-2421 E Tudor Rd, Anchorage, AK
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space with three stations in Piazza Plaza Mall.
    Where is this retail space located?
    The property is located at 601 E Northern Lights Boulevard Anchorage, AK.
    What is the lease rate?
    The lease rate is $2.00 SF/Yr.
    What are key features of this property?
    This property features: Three comfortable stations, two featuring built‑in hair bowls.; Formerly the Continental Men's Hair Styling.; Located within the Piazza Plaza Mall.
    (907) 646-3600
    We can help!
    Listing Contact
    J. Michael James
    J. Michael James
    Real Estate License ID: 15758
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    601 E Northern Lights Boulevard, Anchorage, AK 99503
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!