Two-Story Office
For Sale
$699,000
235 F St, Anchorage, AK 99501
Fully occupied office property with dedicated parking and tenant transition flexibility.
Property Size2,808 SF
Price / SF$248.93
Days on Market72
Property Features for 235 F St
General Information
Standard status
Active
Size
2,808 SF
Total Parking Spaces
13
Occupancy
100%
Building Details
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Herrington and Company, LLC
Listed By:
Paul Lambert
(907) 263-9333
Source:
Kachemakgrouprealestate
Added: Aug 6
Changed: Oct 11
Last Checked: Oct 7 at 2:27PM
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 Herrington and Company, LLC
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 two-story office property is fully leased and includes an off-street parking lot accommodating 13 vehicles. The building is offered with its existing tenancy in place, while the occupants are expected to relocate with 90 days’ notice.
The property is located at 235 F St in Anchorage, Alaska. Its office configuration, current occupancy, and dedicated parking support continued commercial use without adding unsupported assumptions about layout or improvements.
The property is located at 235 F St in Anchorage, Alaska. Its office configuration, current occupancy, and dedicated parking support continued commercial use without adding unsupported assumptions about layout or improvements.
Key Highlights
- Two‑story office building
- Off‑street parking lot for 13 cars
- 100% of the building is rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,496
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$689,920
$689.9K
Cap Rate 7%
$492,800
$492.8K
Cap Rate 9%
$383,289
$383.3K
Market Conditions
NOI Build-Up for 2,808 SF
Gross rent
$59.0K $21.00/SF
− Vacancy
−$13.0K −$4.62/SF
EGI
$46.0K $16.38/SF
− OpEx
−$11.5K −$4.10/SF
NOI
$34.5K $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%
$689,920
Cap Rate 7%
$492,800
Cap Rate 9%
$383,289
Alternative Uses
Best Use
Office B
$492.8K
$431.2K – $574.9K
NOI $34,496 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$762.5K
$667.2K – $889.6K
NOI $53,374 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Fully occupied office property with dedicated parking and tenant transition flexibility.
Where is this office building located?
The property is located at 235 F St Anchorage, AK.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two‑story office building; Off‑street parking lot for 13 cars; 100% of the building is rented
