Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    B3 Zoned Vacant Lot Title is generated by Realmo AI

    1503 W 34th Avenue, Anchorage, AK 99503

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Vacant lot with B3 zoning for retail or other commercial development between two high-traffic corridors.

    Type:Land
    Added:
    May 28, 2026
    Days on Market:
    12
    Last Refresh:
    Jun 6 at 3:08 am

    Property Features for 1503 W 34th Avenue

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Albert Circosta

    Listing agent Albert Circosta License #AK 14721-RECB

    Listing office Infinity Commercial Real Estate Group

    Listing date May 28, 2026

    Source Crexi

    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 Infinity Commercial Real Estate Group

    HighLights

    • Vacant lot on 34th Avenue between Minnesota Drive and Spenard Road.
    • B3 zoning supports retail or other commercial development.
    • Lot totals 8,100 SF for future development.

    Overview

    The property is a vacant commercial lot totaling 8,100 square feet, positioned and ready for use by a future commercial operator. It offers a straightforward development footprint with no current improvements noted in the provided materials.

    Located on 34th Avenue between Minnesota Drive and Spenard Road, the site sits between two high-traffic roads. The lot is identified as being zoned B3, supporting a range of commercial uses for an owner-operator or developer looking to bring a retail or other commercial concept forward.

    With B3 zoning and a vacant, usable configuration, this lot is well suited for tenants or buyers seeking land to develop for retail or other commercial operations. It is particularly appropriate for concepts that benefit from visibility and access associated with frontage along major traffic corridors.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Anchorage
    County
    Anchorage
    State
    Alaska
    Longitude
    -149.9116094
    Latitude
    61.1895231

    Nearby Similar for Sale

    • $450,000
      1,486 SF

      Historical Cabins in Midtown Anchorage

      Two log cabins ideal for office use in midtown Anchorage.
      213 W Fireweed Lane, Anchorage, AK 99503
      View Details
    • $875,000
      4,480 SF

      Anchorage Townhouse-Style Triplex For Sale

      Remodeled townhouse-style triplex with fenced yard and overflow parking.
      3854 W 82nd Avenue, Anchorage, AK 99502
      View Details
    • $675,000
      3,084 SF

      Anchorage Commercial Property For Sale

      Commercial property with redevelopment opportunities in downtown Anchorage.
      901 E 5th Avenue, Anchorage, AK 99501
      View Details
    • $645,000
      3,864 SF

      Renovated Four-Unit Apartment Building

      Four spacious 3-bedroom, 1-bath units with on-site laundry space, offering a straightforward residential income setup.
      4027 E 8th Avenue, Anchorage, AK 99508
      View Details
    • $949,000
      5,274 SF

      Anchorage Multifamily Property with Large Lot

      Southside Anchorage multifamily property with potential for Airbnb.
      12636 Silver Fox Lane, Anchorage, AK 99515
      View Details
    • $584,999
      2,720 SF

      South Anchorage Townhouse Style Duplex

      Townhouse style duplex in South Anchorage with strong rental income.
      8941 Woodstock Circle, Anchorage, AK 99502
      View Details
    • $2,050,000
      12,200 SF

      Anchorage Commercial Properties For Sale

      Three adjacent commercial properties totaling 30,544 SF in Anchorage, AK.
      123 E Fireweed Lane, Anchorage, AK 99503
      View Details
    • $2,050,000
      12,200 SF

      Anchorage Mixed-Use Commercial Properties

      Three adjacent properties zoned B-3 for sale in Anchorage, AK.
      123 E Fireweed Lane, Anchorage, AK 99503
      View Details
    • $3,000,000
      24,876 SF

      Retail and Office Building with Parking

      Fully leased retail and office building with a 2019 roof and ample parking on nearly one acre.
      7926 Old Seward Hwy, Anchorage, AK
      View Details
    • $4,300,000
      30,240 SF

      Anchorage Midtown Office Building For Sale

      Three-story office building with basement storage in midtown Anchorage.
      3940 Arctic Boulevard, Anchorage, AK 99503
      View Details
    • $1,190,000
      6,796 SF

      Anchorage Medical/Office Building For Sale

      Two-story medical/office building with updated suites and common areas.
      3600 Lake Otis Pkwy, Anchorage, AK
      View Details
    • $525,000
      1,976 SF

      Anchorage Multifamily Property For Sale

      Two-family residential property in Anchorage, Alaska, approximately 1,976 square feet.
      6921 Royal Court, Anchorage, AK 99502
      View Details

    FAQs

    What type of property is this?
    Commercial land - Vacant lot with B3 zoning for retail or other commercial development between two high-traffic corridors.
    Where is this commercial land located?
    The property is located at 1503 W 34th Avenue Anchorage, AK.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Vacant lot on 34th Avenue between Minnesota Drive and Spenard Road.; B3 zoning supports retail or other commercial development.; Lot totals 8,100 SF for future development.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Albert Circosta
    Real Estate License ID: AK 14721-RECB
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1503 W 34th Avenue, Anchorage, AK 99503
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!