Two-Story Elevator-Served Office
For Sale
$2,400,000
2702 Gambell St, Anchorage, AK 99503
Partially leased office property with elevator service, two floors, and substantial upgrades throughout.
Property Size12,892 SF
Price / SF$186.16
Days on Market96
Property Features for 2702 Gambell St
General Information
Standard status
Active
Size
12,892 SF
Elevators
Yes
Property subtype
Commercial
Occupancy
50%
Site & Location
Neighborhood
Midtown
Highway Access
Yes
Building Details
Buildings
1
Stories
2
Listing Agency:
Jack White Commercial
Listed By:
Andrew Ingram · License #AK17954
(907) 563-5500
Source:
Viewanchoragehouses
Added: Aug 3
Changed: Nov 1
Last Checked: Nov 4 at 1:59PM
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 two-story office building contains 12,892 square feet and is served by an elevator. The property has undergone extensive upgrades and is described as meticulously maintained. Approximately 50% of the building is leased, with leased space comprising half of the first floor and half of the second floor. The remaining area can support continued owner occupancy or additional leasing, as outlined in the property information.
The building is located in Midtown Anchorage, one block from the New Seward Highway and E Northern Lights Blvd. Its two-level configuration, elevator access, existing tenancy, and upgraded condition provide a clear framework for office users seeking a partially occupied building.
The building is located in Midtown Anchorage, one block from the New Seward Highway and E Northern Lights Blvd. Its two-level configuration, elevator access, existing tenancy, and upgraded condition provide a clear framework for office users seeking a partially occupied building.
Key Highlights
- 12,892‑square‑foot office building
- Two‑story configuration with elevator service
- Approximately 50% leased across portions of both floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$158,378
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,167,560
$3.2M
Cap Rate 7%
$2,262,543
$2.3M
Cap Rate 9%
$1,759,756
$1.8M
Market Conditions
NOI Build-Up for 12,892 SF
Gross rent
$270.7K $21.00/SF
− Vacancy
−$59.6K −$4.62/SF
EGI
$211.2K $16.38/SF
− OpEx
−$52.8K −$4.10/SF
NOI
$158.4K $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%
$3,167,560
Cap Rate 7%
$2,262,543
Cap Rate 9%
$1,759,756
Alternative Uses
Best Use
Office B
$2.26M
$1.98M – $2.64M
NOI $158,378 @ 7.0% cap · market cap 6.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.50M
$3.06M – $4.08M
NOI $245,051 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
50%
Occupancy
Yes
Highway access
Location Intelligence
Demographics for 99503, AK
13,550
Population
7,411
Households
1.8
Avg Household Size
36
Median Age
30%
College-Educated
91%
High-School Grad
20.7 sq mi
ZIP Area
655
Density / Sq Mi
$76,888
Median Household Income
$46,734
Median Earnings
$1,185
Median Rent
$316,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office buildings in Anchorage, AK
Properties on Market for Office buildings in Anchorage
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Partially leased office property with elevator service, two floors, and substantial upgrades throughout.
Where is this office building located?
The property is located at 2702 Gambell St Anchorage, AK.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 12,892‑square‑foot office building; Two‑story configuration with elevator service; Approximately 50% leased across portions of both floors
