Class A Office
For Sale
$7,900,000
3000 A Street, Anchorage, AK 99503
Four-story Class A office building features multiple south-facing sun decks, parking garage, and basement storage with elevator access.
Property Size47,591 SF
Price / SF$165
Days on Market158
Property Features for 3000 A Street
General Information
Standard status
Active
Size
47,591 SF
Class
Class A
Property subtype
General Commercial
Amenities
3
134 Parking Spaces.
City, Mountain
Building Details
Year Built
1987
Stories
4
Listing Agency:
(907) 563-5500
Listed By:
Jack White Commercial
(907) 229-5525
Source:
Xome
Added: Apr 1
Changed: Sep 2
Last Checked: Sep 4 at 2:08AM
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 Class A, landmark office building offers four floors of office space, including wrap-around south-facing sun decks on floors 2, 3 and 4. The property also includes a heated and secured parking garage, along with basement storage that has elevator access. Common areas have been modernized, supporting a well-maintained tenant environment.
The building is located at the intersection of A Street and Benson Blvd., with ample surface parking and three ingress/egress points for convenient access.
A 3rd-floor space totaling approximately 10,000 SF is available for occupancy. Financial information is available upon request.
The building is located at the intersection of A Street and Benson Blvd., with ample surface parking and three ingress/egress points for convenient access.
A 3rd-floor space totaling approximately 10,000 SF is available for occupancy. Financial information is available upon request.
Key Highlights
- Class A, four‑story office building built in 1987 in Midtown Anchorage
- Multiple south‑facing wrap‑around sun decks on floors 2, 3, and 4
- Available for occupancy: 3rd floor with 10,000 SF of office space
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
Current Use
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 Class A office building features multiple south-facing sun decks, parking garage, and basement storage with elevator access.
Where is this office building located?
The property is located at 3000 A Street 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: Class A, four‑story office building built in 1987 in Midtown Anchorage; Multiple south‑facing wrap‑around sun decks on floors 2, 3, and 4; Available for occupancy: 3rd floor with 10,000 SF of office space
