Multi-Tenant Office
New
For Sale
$975,000
301 E Fireweed Ln, Anchorage, AK 99503
Owner-user property with a new roof, rear accessible entrance, and parking areas at the front and rear.
Property Size7,169 SF
Price / SF$136
Days on Market4
Property Features for 301 E Fireweed Ln
General Information
Standard status
Active
Size
7,169 SF
Total Parking Spaces
25
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1975
Listing Agency:
KW Regal North Commercial
(907) 276-6784
Listed By:
Joseph E Lumpkin · License #17281
Source:
Bktanchorage
Added: Aug 26
Changed: Aug 29
Last Checked: Aug 26 at 7:05AM
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 KW Regal North Commercial
Investment Insights
Based on property information with market context.
This 7,169-square-foot office building, constructed in 1975, is configured for owner occupancy with flexibility for up to 4 tenants. The property includes a new roof, a handicap-accessible entrance at the rear, and parking distributed across front and back lots.
Located at the intersection of Fireweed Ln and Cordova St, the building offers two-way access and 25 parking stalls. New Seward Hwy is a few blocks away, while downtown and South Anchorage are approximately 5 minutes from the property.
Located at the intersection of Fireweed Ln and Cordova St, the building offers two-way access and 25 parking stalls. New Seward Hwy is a few blocks away, while downtown and South Anchorage are approximately 5 minutes from the property.
Key Highlights
- 7,169‑square‑foot office building constructed in 1975
- Flexible configuration for up to 4 tenants
- New roof and handicap‑accessible rear entrance
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
$88,071
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
9.03%
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%
$1,761,420
$1.8M
Cap Rate 7%
$1,258,157
$1.3M
Cap Rate 9%
$978,567
$978.6K
Market Conditions
NOI Build-Up for 7,169 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
$150.5K $21.00/SF
− Vacancy
−$33.1K −$4.62/SF
EGI
$117.4K $16.38/SF
− OpEx
−$29.4K −$4.10/SF
NOI
$88.1K $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%
$1,761,420
Cap Rate 7%
$1,258,157
Cap Rate 9%
$978,567
Alternative Uses
Best Use
Office B
$1.26M
$1.10M – $1.47M
NOI $88,071 @ 7.0% cap · market cap 9.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.95M
$1.70M – $2.27M
NOI $136,268 @ 7.0% cap · market cap 13.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Owner-user property with a new roof, rear accessible entrance, and parking areas at the front and rear.
Where is this office building located?
The property is located at 301 E Fireweed Ln 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: 7,169‑square‑foot office building constructed in 1975; Flexible configuration for up to 4 tenants; New roof and handicap‑accessible rear entrance
