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Anchorage Office Building with Warehouse

201 E 56th Ave, Anchorage, AK 99518

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For Sale

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Three-story office building with attached warehouse near the airport.

Type:Office

Property size:

38,371 SF

Lot size:

1.72 Acres

Price / SF:

$143/SF

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.
Attached 4,331 SF warehouse with four bays and overhead doors.
Fully sprinklered building with over 11,000 SF per floor.
Fenced perimeter with electronically operated gate and convenient access from E 56th Avenue.

We can help!

Contact an agent

Marc Dunne CCIM SIOR

For Sale

Contact for pricing

Three-story office building with attached warehouse near the airport.

Type:Office

Property size:

38,371 SF

Lot size:

1.72 Acres

Price / SF:

$143/SF

Added:: Mar 9, 2026
Days on Market:: 111
Last Refresh:: Mar 19 at 10:09 pm

Property Features for 201 E 56th Ave

General Information

Standard status: Active
Size: 38,371 SF
Lot size: 1.72 Acres
Property subtype: Office

Building Details

Year Built: 1983

We can help!

Contact an agent

Marc Dunne CCIM SIOR

Listing office Jack White Commercial

Listing date Mar 9, 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 Jack White Commercial

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.
Attached 4,331 SF warehouse with four bays and overhead doors.
Fully sprinklered building with over 11,000 SF per floor.
Fenced perimeter with electronically operated gate and convenient access from E 56th Avenue.

Overview

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.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$805.8k	$21.00
− Vacancy	−$177.3k	−$4.62
EGI	$628.5k	$16.38
− OpEx	−$157.1k	−$4.10
NOI	$471.4k	$12.29

38,371 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$6.73M

$5.89M – $7.86M (±1% cap)

NOI $471,388 @ 7.0% cap · market cap 8.57%

Second Best

Warehouse

$6.53M

$5.72M – $7.62M (±1% cap)

NOI $457,430 @ 7.0% cap · market cap 8.32%

Theoretical Best

Specialty Retail

$10.42M

$9.12M – $12.16M (±1% cap)

NOI $729,356 @ 7.0% cap · market cap 13.26%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Alaska Telecom Association Association / Organization TelAlaska, Inc. Telecommunications Service Mukluk Telephone Co Telecommunications Service Quintillion Global Telecommunications Service Webdesign Marketing & Advertising

Map

City: Anchorage
County: Anchorage
State: Alaska
Longitude: -149.8801659
Latitude: 61.1701113

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For sale
Office buildings
AK
Anchorage
99518
201 E 56th Ave

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 $5,500,000.

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.