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Ranch-Style Assisted Living Facility

2634 Carroll Pl, Anchorage, AK 99508

For Sale
$1,200,000
Pending

Three-unit configuration includes ADA-compliant improvements and an operational sprinkler system for assisted living operations.

Property Size5,387 SF
Days on Market261

Property Features for 2634 Carroll Pl

General Information

Standard status Pending
Size 5,387 SF
Property subtype Multi-Family

Site & Location

Neighborhood Russian Jack Park

Additional Details

Gross Income $134,400
Sprinkler System Yes

Building Details

Year Built 1957
Construction Ranch style
Tenancy Multi
Listing Agency: Jack White Commercial
Listed By: Manny Rodriguez · License #129593
Source: Seehomesinalaska
Added: Feb 22 Changed: Nov 8 Last Checked: Nov 8 at 6:45AM

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

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Investment Insights

Based on property information with market context.

This 5,387-square-foot ranch-style property contains three units that have been converted for assisted living use. The real estate is leased to assisted living operators, providing an established operating configuration without including personal property or business assets in the offering. ADA-compliant improvements are in place, along with an operational sprinkler system and features required by Anchorage for assisted living use.

Key Highlights

  • 5,387‑square‑foot assisted living property
  • Three‑unit ranch‑style configuration converted for assisted living use
  • Leased to assisted living operators

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$79,110
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,582,200 $1.6M
Cap Rate 7%
$1,130,143 $1.1M
Cap Rate 9%
$879,000 $879.0K
Market Conditions
NOI Build-Up for 5,387 SF
Gross rent
$119.6K $22.20/SF
− Vacancy
−$6.6K −$1.22/SF
EGI
$113.0K $20.98/SF
− OpEx
−$33.9K −$6.29/SF
NOI
$79.1K $14.69/SF
Area
Anchorage, AK
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,582,200
Cap Rate 7%
$1,130,143
Cap Rate 9%
$879,000

Alternative Uses

Best Use
Multifamily LT 5
$1.13M
$988.9K – $1.32M (±1% cap)
NOI $79,110 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$989.2K
$865.5K – $1.15M (±1% cap)
NOI $69,242 @ 7.0% cap · market cap 5.77%
Theoretical Best
Specialty Retail
$1.46M
$1.28M – $1.71M (±1% cap)
NOI $102,396 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Assisted living facilities

Lease Details

Multi-tenant
Tenancy
Yes
Sprinkler system

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Assisted living facility - Three-unit configuration includes ADA-compliant improvements and an operational sprinkler system for assisted living operations.
Where is this assisted living facility located?
The property is located at 2634 Carroll Pl Anchorage, AK.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 5,387‑square‑foot assisted living property; Three‑unit ranch‑style configuration converted for assisted living use; Leased to assisted living operators
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