Three-Property Mixed-Use
123 E Fireweed Lane, Anchorage, AK 99503
For Sale
$2,050,000
Commercial Sale, Anchorage, AK
Property Size12,200 SF
Lot Size0.70 Acres
Price / SF$168.03
Days on Market428
Property Features for 123 E Fireweed Lane
General Information
Property type
Property subtype
Zoning
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Sewer type
Heating system
Water source
Building Details
Building materials
Buildings
Listing Agency:
Berkshire Hathaway HomeServices Alaska Realty
(907) 646-3600
Listed By:
J. Michael James · License AK #15758
(907) 646-3652
Added: Sep 9, 2025
Changed: Oct 28
Last Checked: Nov 10 at 6:06AM
MLS# 25-12585
Copyright © 2026 Alaska Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 0.7-acre assemblage brings together three adjoining commercial properties. The mix includes a two-story, 12,200-square-foot office building at 123 E Fireweed Lane, a 4,000-square-foot restaurant with basement storage at 149 Fireweed, and a 5,201-square-foot office and warehouse at 2404 Barrow Street. The properties are zoned B3 - General Business and have public water and sewer service.
Key Highlights
- Three adjoining commercial properties totaling 0.7 acres
- 12,200‑square‑foot, two‑story office building at 123 E Fireweed Lane
- 4,000‑square‑foot restaurant with basement storage at 149 Fireweed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$152,988
Cap Rate
7.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,059,760
$3.1M
Cap Rate 7%
$2,185,543
$2.2M
Cap Rate 9%
$1,699,867
$1.7M
Market Conditions
NOI Build-Up for 12,200 SF
Gross rent
$278.2K $22.80/SF
− Vacancy
−$33.4K −$2.74/SF
EGI
$244.8K $20.06/SF
− OpEx
−$91.8K −$7.52/SF
NOI
$153.0K $12.54/SF
Area
Anchorage, AK
Vacancy
12.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,059,760
Cap Rate 7%
$2,185,543
Cap Rate 9%
$1,699,867
Alternative Uses
Best Use
Specialty Retail
$3.31M
$2.90M – $3.86M
NOI $231,898 @ 7.0% cap · market cap 11.31%
Second Best
Mixed Use
$2.19M
$1.91M – $2.55M
NOI $152,988 @ 7.0% cap · market cap 7.46%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Demographics for 99503, AK
13,550
Population
7,411
Households
1.8
Avg Household Size
36
Median Age
30%
College-Educated
91%
High-School Grad
20.7 sq mi
ZIP Area
655
Density / Sq Mi
$76,888
Median Household Income
$46,734
Median Earnings
$1,185
Median Rent
$316,700
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The adjoining properties combine office, restaurant, and office-warehouse space under B3 zoning.
Where is this mixed-use property located?
The property is located at 123 E Fireweed Lane Anchorage, AK.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: Three adjoining commercial properties totaling 0.7 acres; 12,200‑square‑foot, two‑story office building at 123 E Fireweed Lane; 4,000‑square‑foot restaurant with basement storage at 149 Fireweed
