Office Building with Heated
For Sale
$349,000
1501 W 34th Ave, Anchorage, AK 99503
B3-zoned property with office accommodations and business or residential use potential.
Property Size1,152 SF
Lot Size0.19 Acres
Price / SF$302.95
Days on Market53
Property Features for 1501 W 34th Ave
General Information
Standard status
Active
Size
1,152 SF
Lot size
0.19 Acres
Zoning
B3
Building Details
Year Built
1956
Buildings
2
Listing Agency:
RE/MAX Dynamic Properties
Listed By:
Elizabeth Hooper · License #14367
(907) 227-6794
Source:
Kachemakgrouprealestate
Added: Aug 26
Changed: Oct 11
Last Checked: Oct 7 at 2:28PM
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 RE/MAX Dynamic Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,152-square-foot office property, built in 1956, is currently configured for an accounting practice. The interior includes a reception area, four private offices, a shared workspace, and one full bathroom. A detached 676-square-foot heated garage provides additional enclosed space.
The property includes a level 8,100-square-foot south-facing lot with landscaping and is located at 1501 W 34th Ave in Anchorage. Its B3 zoning supports business or residential use. The neighboring 8,100-square-foot lot at 1503 W 34th Ave is also available for purchase. The property is offered as-is.
The property includes a level 8,100-square-foot south-facing lot with landscaping and is located at 1501 W 34th Ave in Anchorage. Its B3 zoning supports business or residential use. The neighboring 8,100-square-foot lot at 1503 W 34th Ave is also available for purchase. The property is offered as-is.
Key Highlights
- 1,152 SF office building built in 1956
- B3 zoning supports business or residential use
- Interior includes reception, 4 private offices, collaborative workspace, and a full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,152
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$283,040
$283.0K
Cap Rate 7%
$202,171
$202.2K
Cap Rate 9%
$157,244
$157.2K
Market Conditions
NOI Build-Up for 1,152 SF
Gross rent
$24.2K $21.00/SF
− Vacancy
−$5.3K −$4.62/SF
EGI
$18.9K $16.38/SF
− OpEx
−$4.7K −$4.10/SF
NOI
$14.2K $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%
$283,040
Cap Rate 7%
$202,171
Cap Rate 9%
$157,244
Alternative Uses
Best Use
Office B
$202.2K
$176.9K – $235.9K
NOI $14,152 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$312.8K
$273.7K – $365.0K
NOI $21,897 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
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
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
Frequently Asked Questions
What type of property is this?
Office building - B3-zoned property with office accommodations and business or residential use potential.
Where is this office building located?
The property is located at 1501 W 34th Ave Anchorage, AK.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 1,152 SF office building built in 1956; B3 zoning supports business or residential use; Interior includes reception, 4 private offices, collaborative workspace, and a full bathroom
