Anchorage Office Building with
For Sale
$4,450,000
201 E 56th Ave, Anchorage, AK 99518
Three-story office building with attached warehouse near the airport.
Property Size34,455 SF
Lot Size1.72 Acres
Price / SF$129.15
Days on Market208
Property Features for 201 E 56th Ave
General Information
Standard status
Active
Size
34,455 SF
Lot size
1.72 Acres
Building Details
Year Built
1983
Listing Agency:
Jack White Commercial
Listed By:
Marc Dunne
(907) 563-5500
Source:
Kristancole
Added: Mar 27
Changed: Oct 5
Last Checked: Oct 7 at 3:30PM
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 Jack White Commercial
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Investment Insights
Based on property information with market context.
This three-story commercial office building with an attached warehouse is located near International Airport Road in Midtown Anchorage. The property encompasses approximately 38,371 square feet, including 34,040 square feet of office space and 4,331 square feet of adjacent warehouse space. The building is fully sprinklered, with each floor spanning over 11,000 square feet. It is situated on a 74,800 square foot parcel with flexible I-1 zoning. The site features a fenced perimeter with an electronically operated gate and convenient access from E 56th Avenue. Four warehouse bays with overhead doors provide loading and storage capabilities. The property is currently leased on a triple net (NNN) basis but may be available to an owner-user.
Key Highlights
- Large commercial property totaling 38,371 SF with both office and warehouse space.
- Prime Midtown Anchorage location near International Airport Road.
- Flexible I‑1 zoning on a 74,800 SF parcel.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$363,369
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,267,380
$7.3M
Cap Rate 7%
$5,190,986
$5.2M
Cap Rate 9%
$4,037,433
$4.0M
Market Conditions
NOI Build-Up for 34,455 SF
Gross rent
$558.2K $16.20/SF
− Vacancy
−$39.1K −$1.13/SF
EGI
$519.1K $15.07/SF
− OpEx
−$155.7K −$4.52/SF
NOI
$363.4K $10.55/SF
Area
Anchorage, AK
Vacancy
7.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,267,380
Cap Rate 7%
$5,190,986
Cap Rate 9%
$4,037,433
Alternative Uses
Best Use
Office B
$6.05M
$5.29M – $7.05M
NOI $423,280 @ 7.0% cap · market cap 9.51%
Second Best
Warehouse
$5.87M
$5.13M – $6.85M
NOI $410,747 @ 7.0% cap · market cap 9.23%
Theoretical Best
Specialty Retail
$9.36M
$8.19M – $10.92M
NOI $654,921 @ 7.0% cap · market cap 14.72%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Demographics for 99518, AK
9,861
Population
4,568
Households
2.2
Avg Household Size
36
Median Age
32%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
2,595
Density / Sq Mi
$91,077
Median Household Income
$49,761
Median Earnings
$1,661
Median Rent
$297,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Three-story office building with attached warehouse near the airport.
Where is this office building located?
The property is located at 201 E 56th Ave Anchorage, AK.
What is the asking price?
The asking price for this property is $4,450,000.
What are key features of this property?
This property features: Large commercial property totaling 38,371 SF with both office and warehouse space.; Prime Midtown Anchorage location near International Airport Road.; Flexible I‑1 zoning on a 74,800 SF parcel.
