Four-Story Class A Office
For Sale
$7,900,000
3000 A St, Anchorage, AK 99503
Four-story office property with secured parking, surface parking, and multiple access points.
Property Size47,591 SF
Price / SF$165
Days on Market32
Property Features for 3000 A St
General Information
Standard status
Active
Size
47,591 SF
Class
Class A
Elevators
Yes
Additional Details
Road Access
Yes
Amenities
wrap-around south-facing sun decks
basement storage
modernized common area
Building Details
Year Built
1987
Buildings
1
Stories
4
Listing Agency:
Jack White Commercial
(907) 563-5500
Listed By:
Marc Dunne
Source:
Sellingalaskaco
Added: Aug 1
Changed: Aug 28
Last Checked: Aug 31 at 7:39PM
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
Investment Insights
Based on property information with market context.
This four-story Class A office building contains 47,591 square feet of space and was constructed in 1987. Floors 2, 3, and 4 include wrap-around, south-facing sun decks, while the property also offers a heated, secured parking garage, basement storage with elevator access, and modernized common areas. The third floor includes 10K SF available for occupancy.
Positioned at the intersection of A Street and Benson Blvd. in midtown Anchorage, the property provides three ingress and egress points, along with ample surface parking. The combination of multi-floor office space, on-site parking, storage, and dedicated access supports both owner occupancy and investment use.
Positioned at the intersection of A Street and Benson Blvd. in midtown Anchorage, the property provides three ingress and egress points, along with ample surface parking. The combination of multi-floor office space, on-site parking, storage, and dedicated access supports both owner occupancy and investment use.
Key Highlights
- 47,591 SF four‑story office building constructed in 1987
- 10K SF available for occupancy on the third floor
- Class A office property with modernized common areas
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
$584,655
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
7.40%
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%
$11,693,100
$11.7M
Cap Rate 7%
$8,352,214
$8.4M
Cap Rate 9%
$6,496,167
$6.5M
Market Conditions
NOI Build-Up for 47,591 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
$999.4K $21.00/SF
− Vacancy
−$219.9K −$4.62/SF
EGI
$779.5K $16.38/SF
− OpEx
−$194.9K −$4.10/SF
NOI
$584.7K $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%
$11,693,100
Cap Rate 7%
$8,352,214
Cap Rate 9%
$6,496,167
Alternative Uses
Best Use
Office B
$8.35M
$7.31M – $9.74M
NOI $584,655 @ 7.0% cap · market cap 7.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$12.92M
$11.31M – $15.08M
NOI $904,610 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road 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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Four-story office property with secured parking, surface parking, and multiple access points.
Where is this office building located?
The property is located at 3000 A St Anchorage, AK.
What is the asking price?
The asking price for this property is $7,900,000.
What are key features of this property?
This property features: 47,591 SF four‑story office building constructed in 1987; 10K SF available for occupancy on the third floor; Class A office property with modernized common areas
