Medical Office Property with
For Sale
$750,000
12900 Old Seward Hwy, Anchorage, AK 99515
Two-level medical office property with an apartment, detached garage, carport, paved parking, and some dental equipment.
Property Size3,749 SF
Price / SF$200.05
Days on Market61
Property Features for 12900 Old Seward Hwy
General Information
Standard status
Active
Size
3,749 SF
Building Details
Year Built
1967
Listing Agency:
Herrington and Company, LLC
Listed By:
Lisa Herrington
(907) 229-6822
Source:
Griggrealty
Added: Aug 16
Changed: Oct 11
Last Checked: Oct 7 at 3:49PM
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 Herrington and Company, LLC
Investment Insights
Based on property information with market context.
This medical office property at 12900 Old Seward Hwy includes 3,749 SF of total property area and was built in 1967. The building configuration includes a 1,184 SF first-floor basement area and 1,665 SF of medical center or office space on the second floor. A 900 SF residential apartment is also included.
The property features a 1,200 SF detached garage, a 400 SF carport, 15,000 feet of paved parking, and a 2,500-foot fence. Some dental equipment is included. The combination of office, residential, garage, and parking improvements provides a varied physical layout for medical office use.
The property features a 1,200 SF detached garage, a 400 SF carport, 15,000 feet of paved parking, and a 2,500-foot fence. Some dental equipment is included. The combination of office, residential, garage, and parking improvements provides a varied physical layout for medical office use.
Key Highlights
- 3,749 SF property built in 1967
- 1,665 SF medical center or office area on the second floor
- 900 SF residential apartment included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,587
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$971,740
$971.7K
Cap Rate 7%
$694,100
$694.1K
Cap Rate 9%
$539,856
$539.9K
Market Conditions
NOI Build-Up for 3,749 SF
Gross rent
$90.0K $24.00/SF
− Vacancy
−$9.0K −$2.40/SF
EGI
$81.0K $21.60/SF
− OpEx
−$32.4K −$8.64/SF
NOI
$48.6K $12.96/SF
Area
Anchorage, AK
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$971,740
Cap Rate 7%
$694,100
Cap Rate 9%
$539,856
Alternative Uses
Best Use
Healthcare Medical
$694.1K
$607.3K – $809.8K
NOI $48,587 @ 7.0% cap · market cap 6.48%
Second Best
Mixed Use
$671.6K
$587.7K – $783.5K
NOI $47,012 @ 7.0% cap · market cap 6.27%
Theoretical Best
Specialty Retail
$1.02M
$890.8K – $1.19M
NOI $71,261 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Demographics for 99515, AK
22,532
Population
8,137
Households
2.8
Avg Household Size
37
Median Age
41%
College-Educated
95%
High-School Grad
10.6 sq mi
ZIP Area
2,126
Density / Sq Mi
$112,445
Median Household Income
$55,657
Median Earnings
$1,716
Median Rent
$400,500
Median Home Value
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two-level medical office property with an apartment, detached garage, carport, paved parking, and some dental equipment.
Where is this medical office space located?
The property is located at 12900 Old Seward Hwy Anchorage, AK.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,749 SF property built in 1967; 1,665 SF medical center or office area on the second floor; 900 SF residential apartment included
