First-Floor Office
For Sale
$675,000
235 E 8th Avenue ##1A, Anchorage, AK 99501
A multi-office layout includes a conference room, open work area, breakroom, and storage.
Property Size4,804 SF
Price / SF$140.51
Days on Market296
Property Features for 235 E 8th Avenue ##1A
General Information
Standard status
Active
Size
4,804 SF
Total Parking Spaces
12
Property subtype
Commercial
Zoning
B2C - Central Business Periphery
Site & Location
Neighborhood
Downtown
Highway Access
Yes
Additional Details
Floor
First Floor
Building Details
Building Size
4,804 SF
Listing Agency:
Jack White Commercial
Listed By:
Carl D Kuhn
(907) 563-5500
Source:
Kodiakislandrealestate
Added: Jan 12
Changed: Oct 29
Last Checked: Nov 3 at 8:14AM
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.
This 4,804-square-foot office condominium occupies the first floor of the Ann Stevens Building. Its layout includes 12 private offices, a conference room, an open work area, a breakroom, and storage. The property is zoned B2C - Central Business Periphery and has 12 on-site parking spaces.
At 235 E 8th Avenue in Anchorage, the building has access to both Seward Highway and Glenn Highway. Building improvements include HVAC, exterior LED lighting, and exterior security cameras.
At 235 E 8th Avenue in Anchorage, the building has access to both Seward Highway and Glenn Highway. Building improvements include HVAC, exterior LED lighting, and exterior security cameras.
Key Highlights
- 4,804‑square‑foot first‑floor office condominium
- 12 private offices, conference room, open work area, breakroom, and storage
- 12 on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,017
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,180,340
$1.2M
Cap Rate 7%
$843,100
$843.1K
Cap Rate 9%
$655,744
$655.7K
Market Conditions
NOI Build-Up for 4,804 SF
Gross rent
$100.9K $21.00/SF
− Vacancy
−$22.2K −$4.62/SF
EGI
$78.7K $16.38/SF
− OpEx
−$19.7K −$4.10/SF
NOI
$59.0K $12.29/SF
Area
Anchorage, AK
Vacancy
22.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,180,340
Cap Rate 7%
$843,100
Cap Rate 9%
$655,744
Alternative Uses
Best Use
Healthcare Medical
$889.4K
$778.3K – $1.04M
NOI $62,260 @ 7.0% cap · market cap 9.22%
Second Best
Office B
$843.1K
$737.7K – $983.6K
NOI $59,017 @ 7.0% cap · market cap 8.74%
Theoretical Best
Specialty Retail
$1.30M
$1.14M – $1.52M
NOI $91,314 @ 7.0% cap · market cap 13.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Demographics for 99501, AK
18,590
Population
8,906
Households
2.1
Avg Household Size
38
Median Age
40%
College-Educated
92%
High-School Grad
6.7 sq mi
ZIP Area
2,775
Density / Sq Mi
$69,591
Median Household Income
$43,542
Median Earnings
$1,181
Median Rent
$378,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - A multi-office layout includes a conference room, open work area, breakroom, and storage.
Where is this office unit located?
The property is located at 235 E 8th Avenue ##1A Anchorage, AK.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 4,804‑square‑foot first‑floor office condominium; 12 private offices, conference room, open work area, breakroom, and storage; 12 on‑site parking spaces
