Two-Story Office
111 W 9th Ave, Anchorage, AK 99501
For Sale
$1,100,000
A 19-office layout includes shared meeting, kitchen, and dining areas, with vacancy planned at closing.
Property Size6,240 SF
Price / SF$176.28
Days on Market9
Property Features for 111 W 9th Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Tenant in Place
Property Use
Amenities
security system with cameras
outdoor breezeway
balcony
conference room
kitchen and dining area
Building Details
Year Built
Buildings
Stories
Owner Occupied
Abandoned
Listing Agency:
Berkshire Hathaway HomeServices Alaska Realty
Listed By:
Kurt Simeck · License AK #171999
(907) 351-0798
Source:
Seehomesinalaska
Added: Nov 2
Changed: Nov 10
Last Checked: Nov 4 at 10:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Alaska Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story office property contains 6,240 square feet and 19 private offices. A conference room, kitchen, and dining area provide shared interior space, while six bathrooms include three with showers. Security cameras, an outdoor breezeway, and a balcony are also part of the building. The property is currently occupied and is to be delivered vacant at closing.
At 111 W 9th Ave in downtown Anchorage, the building offers a dedicated office setting with a mix of private rooms and common areas.
At 111 W 9th Ave in downtown Anchorage, the building offers a dedicated office setting with a mix of private rooms and common areas.
Key Highlights
- 6,240‑square‑foot, two‑story office building
- 19 private offices
- Six bathrooms, including three with showers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,658
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,533,160
$1.5M
Cap Rate 7%
$1,095,114
$1.1M
Cap Rate 9%
$851,756
$851.8K
Market Conditions
NOI Build-Up for 6,240 SF
Gross rent
$131.0K $21.00/SF
− Vacancy
−$28.8K −$4.62/SF
EGI
$102.2K $16.38/SF
− OpEx
−$25.6K −$4.10/SF
NOI
$76.7K $12.29/SF
Area
Anchorage, AK
Vacancy
22.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,533,160
Cap Rate 7%
$1,095,114
Cap Rate 9%
$851,756
Alternative Uses
Best Use
Office B
$1.10M
$958.2K – $1.28M
NOI $76,658 @ 7.0% cap · market cap 6.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.69M
$1.48M – $1.98M
NOI $118,610 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Demographics for 99501, AK
18,590
Population
8,906
Households
2.1
Avg Household Size
38
Median Age
40%
College-Educated
92%
High-School Grad
6.7 sq mi
ZIP Area
2,775
Density / Sq Mi
$69,591
Median Household Income
$43,542
Median Earnings
$1,181
Median Rent
$378,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office buildings in Anchorage, AK
Properties on Market for Office buildings in Anchorage
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - A 19-office layout includes shared meeting, kitchen, and dining areas, with vacancy planned at closing.
Where is this office building located?
The property is located at 111 W 9th Ave Anchorage, AK.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 6,240‑square‑foot, two‑story office building; 19 private offices; Six bathrooms, including three with showers
