Single-Story Medical Office
For Sale
$2,150,000
2020 Abbott Rd, Anchorage, AK 99507
Fully leased medical office property with flexible lease arrangements and on-site parking.
Property Size7,875 SF
Price / SF$273.02
Days on Market18
Property Features for 2020 Abbott Rd
General Information
Standard status
Active
Size
7,875 SF
Occupancy
100%
Additional Details
Road Access
Yes
Building Details
Year Built
1983
Buildings
1
Stories
1
Listing Agency:
Jack White Commercial
(907) 563-5500
Listed By:
Marc Dunne
Source:
Griggrealty
Added: Aug 13
Changed: Aug 28
Last Checked: Aug 29 at 12:12PM
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
Investment Insights
Based on property information with market context.
This 7,875-square-foot medical office building offers a single-story layout and was constructed in 1983. The property is fully leased and includes flexible lease arrangements that support either an investment acquisition or an owner-user strategy.
The building is positioned directly off Abbott Rd near Independence Dr in South Anchorage, with on-site parking and convenient access to the surrounding road network. Its established medical office configuration and existing tenancy provide a defined operating profile for a purchaser evaluating both occupancy and future use flexibility.
The building is positioned directly off Abbott Rd near Independence Dr in South Anchorage, with on-site parking and convenient access to the surrounding road network. Its established medical office configuration and existing tenancy provide a defined operating profile for a purchaser evaluating both occupancy and future use flexibility.
Key Highlights
- 7,875‑square‑foot medical office building
- Fully leased with flexible lease arrangements
- Single‑story building constructed in 1983
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$102,060
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,041,200
$2.0M
Cap Rate 7%
$1,458,000
$1.5M
Cap Rate 9%
$1,134,000
$1.1M
Market Conditions
NOI Build-Up for 7,875 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$189.0K $24.00/SF
− Vacancy
−$18.9K −$2.40/SF
EGI
$170.1K $21.60/SF
− OpEx
−$68.0K −$8.64/SF
NOI
$102.1K $12.96/SF
Area
Anchorage, AK
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,041,200
Cap Rate 7%
$1,458,000
Cap Rate 9%
$1,134,000
Alternative Uses
Best Use
Healthcare Medical
$1.46M
$1.28M – $1.70M
NOI $102,060 @ 7.0% cap · market cap 4.75%
Second Best
Office B
$1.38M
$1.21M – $1.61M
NOI $96,744 @ 7.0% cap · market cap 4.50%
Theoretical Best
Specialty Retail
$2.14M
$1.87M – $2.49M
NOI $149,688 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Yes
Paved road 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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully leased medical office property with flexible lease arrangements and on-site parking.
Where is this medical office space located?
The property is located at 2020 Abbott Rd Anchorage, AK.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 7,875‑square‑foot medical office building; Fully leased with flexible lease arrangements; Single‑story building constructed in 1983
