Medical Office
2211 E Northern Lights Boulevard, Anchorage, AK 99508
For Sale
$2,900,000
A multi-unit medical office holding occupies most of the building.
Property Size15,941 SF
Price / SF$181.92
Days on Market10
Property Features for 2211 E Northern Lights Boulevard
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Additional Details
Property Use
Building Details
Building Size
Year Built
Listing Agency:
Jack White Commercial
Listed By:
Marc Dunne
(907) 229-5525
Source:
Alaskabuiltrealestate
Added: Nov 1
Changed: Nov 7
Last Checked: Nov 9 at 12:48PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The offering comprises 15,941 square feet of medical office condominiums within the Medical Park Family Care Building. The condominium units make up the majority of the building, creating a substantial medical-office component in an established building constructed in 1973.
Key Highlights
- 15,941 square feet of medical office condominiums
- Condominium units account for most of the building
- Building constructed in 1973
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$206,595
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,131,900
$4.1M
Cap Rate 7%
$2,951,357
$3.0M
Cap Rate 9%
$2,295,500
$2.3M
Market Conditions
NOI Build-Up for 15,941 SF
Gross rent
$382.6K $24.00/SF
− Vacancy
−$38.3K −$2.40/SF
EGI
$344.3K $21.60/SF
− OpEx
−$137.7K −$8.64/SF
NOI
$206.6K $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%
$4,131,900
Cap Rate 7%
$2,951,357
Cap Rate 9%
$2,295,500
Alternative Uses
Best Use
Healthcare Medical
$2.95M
$2.58M – $3.44M
NOI $206,595 @ 7.0% cap · market cap 7.12%
Second Best
Office B
$2.80M
$2.45M – $3.26M
NOI $195,835 @ 7.0% cap · market cap 6.75%
Theoretical Best
Specialty Retail
$4.33M
$3.79M – $5.05M
NOI $303,007 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Demographics for 99508, AK
34,394
Population
14,219
Households
2.4
Avg Household Size
34
Median Age
28%
College-Educated
91%
High-School Grad
7.1 sq mi
ZIP Area
4,844
Density / Sq Mi
$72,751
Median Household Income
$40,937
Median Earnings
$1,353
Median Rent
$309,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Medical Office Space - A multi-unit medical office holding occupies most of the building.
Where is this medical office space located?
The property is located at 2211 E Northern Lights Boulevard Anchorage, AK.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 15,941 square feet of medical office condominiums; Condominium units account for most of the building; Building constructed in 1973
