Downtown Anchorage Restaurant
For Sale
Contact for pricing
533 W 4th Ave, Anchorage, AK 99501
Restaurant property for sale in downtown Anchorage.
Property Size3,000 SF
Lot Size0.07 Acres
Price / SF$283.33
Days on Market745
Property Features for 533 W 4th Ave
General Information
Standard status
Active
Size
3,000 SF
Lot size
0.07 Acres
Property subtype
Retail
Zoning
B2B - Central Business Intermediate
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Stabilized
Building Details
Year Built
1976
Buildings
1
Stories
2
Units
1
Tenancy
Single
Listing Agency:
Spire Commercial Real Estate
(907) 230-1523
Listed By:
Ryan Schwalbe · License #AK 194501
Source:
Crexi
Added: Aug 16, 2024
Changed: Aug 23
Last Checked: Aug 29 at 12:42AM
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 Spire Commercial Real Estate
Investment Insights
Based on property information with market context.
Located at 533 W. 4th Ave in downtown Anchorage, this property features a 3,000-square-foot building on a 3,250-square-foot lot zoned B2B. Situated between E Street and F Street, the property is directly across from Peratrovich Park. It currently houses Kumagoro Sushi, a restaurant with seating for approximately 60 patrons, a full commercial kitchen, a beer and wine license, and a sushi bar. The real property is for sale only and comes with a 60-month lease in place. The property is suitable for restaurant use. Downtown Anchorage is described as being on the rebound.
Key Highlights
- Prime downtown Anchorage location on W. 4th Ave, across from Peratrovich Park.
- 3,000sf building on 3,250sf of B2B zoned land.
- Currently operating as a ~60 patron restaurant (Kumagoro Sushi) with a full commercial kitchen and sushi bar.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$57,024
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,140,480
$1.1M
Cap Rate 7%
$814,629
$814.6K
Cap Rate 9%
$633,600
$633.6K
Market Conditions
NOI Build-Up for 3,000 SF
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.
Gross rent
$79.2K $26.40/SF
− Vacancy
−$3.2K −$1.06/SF
EGI
$76.0K $25.34/SF
− OpEx
−$19.0K −$6.34/SF
NOI
$57.0K $19.01/SF
Area
Anchorage, AK
Vacancy
4.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,140,480
Cap Rate 7%
$814,629
Cap Rate 9%
$633,600
Alternative Uses
Best Use
Specialty Retail
$814.6K
$712.8K – $950.4K
NOI $57,024 @ 7.0% cap · market cap 6.71%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property for sale in downtown Anchorage.
Where is this conventional restaurant located?
The property is located at 533 W 4th Ave Anchorage, AK.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Prime downtown Anchorage location on W. 4th Ave, across from Peratrovich Park.; 3,000sf building on 3,250sf of B2B zoned land.; Currently operating as a ~60 patron restaurant (Kumagoro Sushi) with a **full commercial kitchen and sushi bar**.
