High-Visibility Strip
For Sale
$3,750,000
2400 E Tudor Rd, Anchorage, AK 99507
Well-maintained multi-unit strip mall in a high-traffic area near Lake Otis and Tudor.
Property Size18,265 SF
Price / SF$205.31
Days on Market49
Property Features for 2400 E Tudor Rd
General Information
Standard status
Active
Size
18,265 SF
Building Details
Year Built
1983
Tenancy
Multi
Listing Agency:
Jack White Real Estate
Listed By:
Gabe Stephan
(907) 562-6464
Source:
Kristancole
Added: Jul 27
Changed: Sep 8
Last Checked: Sep 12 at 12:10PM
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 Real Estate
Investment Insights
Based on property information with market context.
This well-maintained multi-unit strip mall offers high visibility in a high-traffic area. The building is set up as a retail-focused configuration with multiple storefront spaces.
Located close to the corner of Lake Otis and Tudor in the Umed district, the center benefits from prominent exposure for retail and related service uses.
The rear of the building could accommodate dock-high loading if needed, providing flexibility for future tenant requirements.
Located close to the corner of Lake Otis and Tudor in the Umed district, the center benefits from prominent exposure for retail and related service uses.
The rear of the building could accommodate dock-high loading if needed, providing flexibility for future tenant requirements.
Key Highlights
- Well‑maintained multi‑unit strip mall in a high‑traffic area
- Close to the corner of Lake Otis and Tudor
- Located within the Umed district
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
$307,696
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
8.21%
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%
$6,153,920
$6.2M
Cap Rate 7%
$4,395,657
$4.4M
Cap Rate 9%
$3,418,844
$3.4M
Market Conditions
NOI Build-Up for 18,265 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
$460.3K $25.20/SF
− Vacancy
−$20.7K −$1.13/SF
EGI
$439.6K $24.07/SF
− OpEx
−$131.9K −$7.22/SF
NOI
$307.7K $16.85/SF
Area
Anchorage, AK
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
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%
$6,153,920
Cap Rate 7%
$4,395,657
Cap Rate 9%
$3,418,844
Alternative Uses
Best Use
Retail
$4.40M
$3.85M – $5.13M
NOI $307,696 @ 7.0% cap · market cap 8.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.96M
$4.34M – $5.79M
NOI $347,181 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
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 Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Strip mall - Well-maintained multi-unit strip mall in a high-traffic area near Lake Otis and Tudor.
Where is this strip mall located?
The property is located at 2400 E Tudor Rd Anchorage, AK.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Well‑maintained multi‑unit strip mall in a high‑traffic area; Close to the corner of Lake Otis and Tudor; Located within the Umed district
