Architect-Designed Building in Historic
For Sale
$870,000
218 E 4th Ave, Anchorage, AK 99501
Renovated mid-century building suitable for professional firms with ample parking.
Property Size4,251 SF
Lot Size0.15 Acres
Price / SF$204.66
Days on Market254
Property Features for 218 E 4th Ave
General Information
Standard status
Active
Size
4,251 SF
Lot size
0.15 Acres
Building Details
Year Built
1951
Listing Agency:
Jack White Commercial
Listed By:
Sam Steele · License #15685
(907) 563-5500
Source:
Bktanchorage
Added: Jan 26
Changed: Sep 22
Last Checked: Oct 7 at 2:15PM
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 Jack White Commercial
Investment Insights
Based on property information with market context.
This architect-designed mid-century building, previously home to an architectural firm for 17 years, is located in the downtown historic district. The building has been renovated and features a layout suitable for a number of professional firms. An additional 6,500 square foot lot on the east side provides parking for employees and clients, supplementing the street-side parking available.
Key Highlights
- Architect‑designed mid‑century building.
- Located in the downtown historic district.
- Renovated and beautifully laid out.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,224
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,044,480
$1.0M
Cap Rate 7%
$746,057
$746.1K
Cap Rate 9%
$580,267
$580.3K
Market Conditions
NOI Build-Up for 4,251 SF
Gross rent
$89.3K $21.00/SF
− Vacancy
−$19.6K −$4.62/SF
EGI
$69.6K $16.38/SF
− OpEx
−$17.4K −$4.10/SF
NOI
$52.2K $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%
$1,044,480
Cap Rate 7%
$746,057
Cap Rate 9%
$580,267
Alternative Uses
Best Use
Office B
$746.1K
$652.8K – $870.4K
NOI $52,224 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.15M
$1.01M – $1.35M
NOI $80,803 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Renovated mid-century building suitable for professional firms with ample parking.
Where is this office building located?
The property is located at 218 E 4th Ave Anchorage, AK.
What is the asking price?
The asking price for this property is $870,000.
What are key features of this property?
This property features: Architect‑designed mid‑century building.; Located in the downtown historic district.; Renovated and beautifully laid out.
