School and Office Campus
1010 W Fireweed Lane Anchorage, AK 99503
For Sale
$4,700,000
COMMERCIAL - Anchorage, AK
Property Size27,821 SF
Lot Size1.00 Acre
Price / SF$168.94
Days on Market50
Property Features for 1010 W Fireweed Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B3 - General Business
Standard status
Active
APN
0012526100001
Size
27,821 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Description
T13NR4WSEC24 N2NE4SE4SE4 W66'
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Baseboard
Water source
Public
Building Details
Building materials
Block, Concrete
Listing Agency:
Berkshire Hathaway HomeServices Alaska Realty
(907) 646-3600
Listed By:
Lottie Michael · License #2519
(907) 646-3600
Added: Jun 9
Changed: Jun 16
Last Checked: Jul 28 at 2:06AM
MLS# 26-6916
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.
Investment Insights
Based on property information with market context.
The property is a school and corporate campus currently configured across five Class C buildings situated on a total of nine lots. On-site accommodations include office space, classrooms, and large group rooms, along with supporting apartment units. The campus layout is well-suited to an educational or corporate environment where both work space and residential support are needed.
It is located in midtown Anchorage on W Fireweed Lane, positioned between Spenard Rd and Arctic Blv. The B3 – General Business zoning provides flexibility for a range of commercial and mixed-use redevelopment concepts.
For tenants, buyers, or operators, the combination of offices, instructional space, and large group rooms may fit organizations seeking a campus-style footprint rather than individual standalone units. If pursuing alternative uses, the existing multi-building site and B3 zoning can support consideration of a mixed-use redevelopment plan, subject to applicable approvals and permitting requirements.
It is located in midtown Anchorage on W Fireweed Lane, positioned between Spenard Rd and Arctic Blv. The B3 – General Business zoning provides flexibility for a range of commercial and mixed-use redevelopment concepts.
For tenants, buyers, or operators, the combination of offices, instructional space, and large group rooms may fit organizations seeking a campus-style footprint rather than individual standalone units. If pursuing alternative uses, the existing multi-building site and B3 zoning can support consideration of a mixed-use redevelopment plan, subject to applicable approvals and permitting requirements.
Key Highlights
- Currently used as a school/corporate campus with five (5) Class C buildings on nine (9) lots
- Includes offices, class rooms, and large group rooms, plus supporting apartments
- Construction materials include block and concrete
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $584.2k | $21.00 |
| − Vacancy | −$128.5k | −$4.62 |
| EGI | $455.7k | $16.38 |
| − OpEx | −$113.9k | −$4.10 |
| NOI | $341.8k | $12.29 |
27,821 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.88M
$4.27M – $5.70M
NOI $341,781 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.55M
$6.61M – $8.81M
NOI $528,822 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
School - Five Class C buildings on nine lots offer office, classroom, group room, and apartment space in a B3 district.
Where is this school located?
The property is located at 1010 W Fireweed Lane Anchorage, AK.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: Currently used as a school/corporate campus with five (5) Class C buildings on nine (9) lots; Includes offices, class rooms, and large group rooms, plus supporting apartments; Construction materials include block and concrete
