Built-Out Ambulatory Surgery
For Sale
Contact for pricing
1335 Gambell Street, Anchorage, AK 99501
State-licensed ambulatory surgery facility with operating room, recovery areas, and a Cummins 100 kW backup generator.
Property Size11,838 SF
Lot Size0.96 Acres
Price / SF$252
Days on Market23
Property Features for 1335 Gambell Street
General Information
Standard status
Active
Size
11,838 SF
Lot size
0.96 Acres
Property subtype
Office, Special Purpose
Zoning
B3
Additional Details
Furnished
Yes
Business Included
No
Building Details
Year Built
2017
Buildings
1
Tenancy
Single
Listing Agency:
SSS Commercial Real Estate
(907) 727-8686
Listed By:
Stewart Smith · License #6724
Source:
Crexi
Added: Jul 21
Changed: Aug 8
Last Checked: Aug 11 at 8:09AM
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 SSS Commercial Real Estate
Investment Insights
Based on property information with market context.
The Arctic Surgery Center is a fully built-out, state-licensed ambulatory surgery facility offering approximately 11,838 square feet of specialized healthcare space. The interior includes an operating room and recovery areas, supported by a Cummins 100 kW backup generator designed to help maintain critical operations.
Located at 1335 Gambell Street in Anchorage, the property sits on a roughly 42,000-square-foot B3-zoned lot.
For sale as an operational medical asset, the facility is equipped for ambulatory surgery use with the infrastructure needed for immediate medical or specialty operations.
Located at 1335 Gambell Street in Anchorage, the property sits on a roughly 42,000-square-foot B3-zoned lot.
For sale as an operational medical asset, the facility is equipped for ambulatory surgery use with the infrastructure needed for immediate medical or specialty operations.
Key Highlights
- 2017‑built, state‑licensed ambulatory surgery facility in Anchorage
- Approximately 11,800 SF with an operating room and recovery areas
- Cummins 100 kW backup generator
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$153,420
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,068,400
$3.1M
Cap Rate 7%
$2,191,714
$2.2M
Cap Rate 9%
$1,704,667
$1.7M
Market Conditions
NOI Build-Up for 11,838 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$284.1K $24.00/SF
− Vacancy
−$28.4K −$2.40/SF
EGI
$255.7K $21.60/SF
− OpEx
−$102.3K −$8.64/SF
NOI
$153.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,068,400
Cap Rate 7%
$2,191,714
Cap Rate 9%
$1,704,667
Alternative Uses
Best Use
Healthcare Medical
$2.19M
$1.92M – $2.56M
NOI $153,420 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.21M
$2.81M – $3.75M
NOI $225,017 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - State-licensed ambulatory surgery facility with operating room, recovery areas, and a Cummins 100 kW backup generator.
Where is this medical center located?
The property is located at 1335 Gambell Street Anchorage, AK.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: 2017‑built, state‑licensed ambulatory surgery facility in Anchorage; Approximately 11,800 SF with an operating room and recovery areas; Cummins 100 kW backup generator
