Four-Unit Office
For Sale
$2,000,000
1221 NOBLE STREET, Fairbanks, AK 99701
SINGLE_FAMILY - Fairbanks, AK
Property Size8,933 SF
Lot Size0.44 Acres
Price / SF$223.89
Days on Market51
Property Features for 1221 NOBLE STREET
General Information
Property type
Residential
Property subtype
Office
Parking
37
Subdivision
Sutherland
Directions
from Airport road north. Building on the right. Next to Myrtle Thomas Park.
Standard status
Active
APN
0678479
Size
8,933 SF
Lot size
0.44 Acres
Taxes and HOA fees
Tax Annual Amount
10036
Utilities
Heating system
Forced Air
Building Details
Year built
1983
Building materials
Frame
Listing Agency:
HEDGECOCK GROUP REAL ESTATE, LLC
(907) 378-0293
Listed By:
Dennis Hedgecock
(907) 687-3856
Added: Jun 17
Changed: Jul 9
Last Checked: Aug 6 at 6:06PM
MLS# 160400
Copyright © 2026 Greater Fairbanks Board-Realtors. 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.
This is a well-maintained four-unit office building built out as a chiropractic clinic, with the same family ownership since new. The building is air-conditioned and natural gas is plumbed to the building. Updates include a newer roof and newer boiler. The first-floor space is handicap accessible.
The property is located in the heart of Fairbanks on Noble Street, on a general commercial zoned lot. Access is available from Noble and also at the rear on Log Cabin Court. The listing notes that all units are currently rented, and showings require 24 hours’ notice to prequalified purchasers; lender prequalification is required prior to showings. Showings after 6pm require the listing licensee or seller to be present.
For tenants or buyers seeking a leased, low-maintenance office asset, the current configuration is designed for medical-related use based on the clinic buildout. The record provided states 100% occupancy and that existing tenants have an average term of about nine years, with long-term tenancy supported by quality occupants. Financial details are stated to be available only to prequalified buyers, and leases include annual bump provisions.
The property is located in the heart of Fairbanks on Noble Street, on a general commercial zoned lot. Access is available from Noble and also at the rear on Log Cabin Court. The listing notes that all units are currently rented, and showings require 24 hours’ notice to prequalified purchasers; lender prequalification is required prior to showings. Showings after 6pm require the listing licensee or seller to be present.
For tenants or buyers seeking a leased, low-maintenance office asset, the current configuration is designed for medical-related use based on the clinic buildout. The record provided states 100% occupancy and that existing tenants have an average term of about nine years, with long-term tenancy supported by quality occupants. Financial details are stated to be available only to prequalified buyers, and leases include annual bump provisions.
Key Highlights
- 4‑unit office building in Fairbanks with 100% occupancy; all units currently rented
- Annual gross income of $154k (actual); average existing tenant tenancy is about 9 years with 0 vacancy
- Built in 1983 on a 19,198 sq ft general commercial zoned lot with access from Noble St and Log Cabin Court
Property Analytics
Property Profile
Current Use
Lease Details
4
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Demographics for 99701, AK
18,357
Population
8,757
Households
2.1
Avg Household Size
34
Median Age
25%
College-Educated
93%
High-School Grad
545.2 sq mi
ZIP Area
34
Density / Sq Mi
$73,551
Median Household Income
$41,782
Median Earnings
$1,233
Median Rent
$235,300
Median Home Value
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 units - Air-conditioned, natural-gas-equipped four-unit office building with all units currently leased.
Where is this office units located?
The property is located at 1221 NOBLE STREET Fairbanks, AK.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 4‑unit office building in Fairbanks with 100% occupancy; all units currently rented; Annual gross income of $154k (actual); average existing tenant tenancy is about 9 years with 0 vacancy; Built in 1983 on a 19,198 sq ft general commercial zoned lot with access from Noble St and Log Cabin Court
