Multi-Unit Office
For Sale
$975,000
241 N C Street Anchorage, Anchorage, AK 99501
A for-sale office property designed for small companies, with flexibility for smaller leased office suites.
Property Size6,565 SF
Price / SF$148.51
Days on Market34
Property Features for 241 N C Street Anchorage
General Information
Standard status
Active
Size
6,565 SF
Total Parking Spaces
25
Zoning
PC
Building Details
Building Size
6,565 SF
Listing Agency:
(907) 263-9333
Listed By:
Lora Nordstrom · License #18192
(907) 263-9333
Source:
Herringtonlifestyleandliving
Added: Jul 11
Changed: Aug 11
Last Checked: Aug 11 at 10:31AM
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 Lora Nordstrom
Investment Insights
Based on property information with market context.
This for-sale commercial property is a multi-unit office building well suited for small companies seeking to own their own space. The owner is open to reducing the available square footage and renting smaller office suites to better match tenant needs.
The property is located at 241 N C Street in Anchorage, Alaska.
If you’re looking for an office asset with the ability to accommodate smaller suite sizes, this building may be worth reviewing.
The property is located at 241 N C Street in Anchorage, Alaska.
If you’re looking for an office asset with the ability to accommodate smaller suite sizes, this building may be worth reviewing.
Key Highlights
- For‑sale office property suited for small companies to own their own building
- Layout offers flexibility to lease smaller office suites if needed
- Owner is willing to reduce square footage and rent smaller office suites
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
$80,651
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
8.27%
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%
$1,613,020
$1.6M
Cap Rate 7%
$1,152,157
$1.2M
Cap Rate 9%
$896,122
$896.1K
Market Conditions
NOI Build-Up for 6,565 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
$137.9K $21.00/SF
− Vacancy
−$30.3K −$4.62/SF
EGI
$107.5K $16.38/SF
− OpEx
−$26.9K −$4.10/SF
NOI
$80.7K $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 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%
$1,613,020
Cap Rate 7%
$1,152,157
Cap Rate 9%
$896,122
Alternative Uses
Best Use
Office B
$1.15M
$1.01M – $1.34M
NOI $80,651 @ 7.0% cap · market cap 8.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.78M
$1.56M – $2.08M
NOI $124,788 @ 7.0% cap · market cap 12.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - A for-sale office property designed for small companies, with flexibility for smaller leased office suites.
Where is this office units located?
The property is located at 241 N C Street Anchorage Anchorage, AK.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: For‑sale office property suited for small companies to own their own building; Layout offers flexibility to lease smaller office suites if needed; Owner is willing to reduce square footage and rent smaller office suites
