Two-Building NNN
New
For Sale
$2,400,000
1645 &1657 E Dowling Road, Anchorage, AK 99507
The occupied portfolio combines an automotive service shop and a two-story warehouse under NNN leases.
Property Size13,328 SF
Price / SF$180.07
Days on Market7
Property Features for 1645 &1657 E Dowling Road
General Information
Standard status
Active
Size
13,328 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Highway Access
Yes
Service Bays
4
Building Details
Buildings
2
Listing Agency:
RMG Real Estate
Listed By:
Dane Black · License #213590
(907) 440-0983
Source:
Seehomesinalaska
Added: Oct 14
Changed: Oct 19
Last Checked: Oct 19 at 2:08PM
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 RMG Real Estate
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Investment Insights
Based on property information with market context.
This NNN property comprises two occupied commercial buildings and two adjacent lots. At 1645 E Dowling, the 4,480-square-foot automotive shop has four service bays and is leased to AK Tire & Rim. The 8,848-square-foot warehouse at 1657 E Dowling is arranged across two stories and leased to Paws for Purple Hearts.
The property is on E Dowling Road in Anchorage, near New Seward Highway. Both buildings are tenanted under NNN leases.
The property is on E Dowling Road in Anchorage, near New Seward Highway. Both buildings are tenanted under NNN leases.
Key Highlights
- Two occupied commercial buildings and two adjacent lots
- 4,480 SF automotive shop with four bays, leased to AK Tire & Rim
- 8,848 SF, two‑story warehouse leased to Paws for Purple Hearts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$158,886
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,177,720
$3.2M
Cap Rate 7%
$2,269,800
$2.3M
Cap Rate 9%
$1,765,400
$1.8M
Market Conditions
NOI Build-Up for 13,328 SF
Gross rent
$199.9K $15.00/SF
− Vacancy
−$13.0K −$0.98/SF
EGI
$186.9K $14.03/SF
− OpEx
−$28.0K −$2.10/SF
NOI
$158.9K $11.92/SF
Area
Anchorage, AK
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,177,720
Cap Rate 7%
$2,269,800
Cap Rate 9%
$1,765,400
Alternative Uses
Best Use
Retail
$3.21M
$2.81M – $3.74M
NOI $224,526 @ 7.0% cap · market cap 9.36%
Second Best
Warehouse
$2.27M
$1.99M – $2.65M
NOI $158,886 @ 7.0% cap · market cap 6.62%
Theoretical Best
Specialty Retail
$3.62M
$3.17M – $4.22M
NOI $253,339 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Service bays
100%
Occupancy
Yes
Highway access
Location Intelligence
Demographics for 99507, AK
38,199
Population
14,552
Households
2.6
Avg Household Size
36
Median Age
38%
College-Educated
95%
High-School Grad
47.3 sq mi
ZIP Area
808
Density / Sq Mi
$107,347
Median Household Income
$55,197
Median Earnings
$1,546
Median Rent
$371,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
NNN property - The occupied portfolio combines an automotive service shop and a two-story warehouse under NNN leases.
Where is this nnn property located?
The property is located at 1645 &1657 E Dowling Road Anchorage, AK.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Two occupied commercial buildings and two adjacent lots; 4,480 SF automotive shop with four bays, leased to AK Tire & Rim; 8,848 SF, two‑story warehouse leased to Paws for Purple Hearts
