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 Market64
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
Listed By:
Marc Dunne
(907) 563-5500
Source:
Griggrealty
Added: Aug 13
Changed: Oct 10
Last Checked: Oct 7 at 4:59PM
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 / Yr
$102,060
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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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
