Office Building For
For Sale
$975,000
241 N C St, Anchorage, AK 99501
Office building suitable for small companies looking to own.
Property Size6,565 SF
Price / SF$148.51
Days on Market254
Property Features for 241 N C St
General Information
Standard status
Active
Size
6,565 SF
Listing Agency:
Jack White Commercial
Listed By:
Greg L Johnson
(907) 563-5500
Source:
Kachemakgrouprealestate
Added: Jan 26
Changed: Sep 23
Last Checked: Oct 7 at 4:15PM
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 office building is well-suited for small companies seeking to own their own building. The current owner is open to reducing their square footage and leasing smaller office suites within the property.
Key Highlights
- Opportunity for small companies to own their building
- Owner willing to reduce square footage to suit your needs
- Option to rent smaller office suites from the owner
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,651
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,613,020
$1.6M
Cap Rate 7%
$1,152,157
$1.2M
Cap Rate 9%
$896,122
$896.1K
Market Conditions
NOI Build-Up for 6,565 SF
Gross rent
$137.9K $21.00/SF
− Vacancy
−$30.3K −$4.62/SF
EGI
$107.5K $16.38/SF
− OpEx
−$26.9K −$4.10/SF
NOI
$80.7K $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%
$1,613,020
Cap Rate 7%
$1,152,157
Cap Rate 9%
$896,122
Alternative Uses
Best Use
Office B
$1.15M
$1.01M – $1.34M
NOI $80,651 @ 7.0% cap · market cap 8.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.78M
$1.56M – $2.08M
NOI $124,788 @ 7.0% cap · market cap 12.80%
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
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Office building suitable for small companies looking to own.
Where is this office building located?
The property is located at 241 N C St Anchorage, AK.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Opportunity for small companies to own their building; Owner willing to reduce square footage to suit your needs; Option to rent smaller office suites from the owner
