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    Medical Office Suite with Restroom Title is generated by Realmo AI

    304-4100 Lake Otis Pkwy, Anchorage, AK 99508

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    For Lease
    $1.70 SF/Yr $181/Mo (calc)

    Medical suite offers an open layout, three offices, kitchenette, and an in-suite restroom under an NNN lease.

    Property size:
    1,282 SF
    Added:
    Mar 27, 2026
    Days on Market:
    72
    Last Refresh:
    Jun 6 at 2:29 am

    Property Features for 304-4100 Lake Otis Pkwy

    General Information

    Standard status
    Active
    Size
    1,282 SF

    We can help!

    Listing Contact
    Erik M Taylor

    Listing agent Erik M Taylor

    Listing office PTP Management, Inc.

    Listing date Mar 27, 2026

    Source Exprealty

    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 PTP Management, Inc.

    HighLights

    • 1,282 SF medical office suite in a U‑Med office building
    • Open floor plan with south views
    • Includes three offices plus a kitchenette
    • In‑suite restroom
    • NNN lease

    Overview

    This medical office suite is available within one of Anchorage’s U-Med office buildings. The 1,282 SF space includes an open floor plan, three offices, a kitchenette, and an in-suite restroom, providing a practical layout for day-to-day clinical or administrative use.

    The property is located at 304-4100 Lake Otis Pkwy in Anchorage, Alaska, within a dedicated office building setting. The suite also features south views, which can be a useful amenity for client-facing or employee work areas.

    The combination of an open area for workflow and separate offices for appointments, meetings, or private discussions makes this suite a strong fit for medical practices that need both collaboration and dedicated rooms. With its kitchenette and in-suite restroom, the space is designed to support day-to-day operations for a tenant seeking a turnkey medical office environment. The suite is offered under an NNN lease structure.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Map

    City
    Anchorage
    County
    Anchorage
    State
    Alaska
    Longitude
    -149.838389
    Latitude
    61.203707

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    FAQs

    What type of property is this?
    Medical Office Space - Medical suite offers an open layout, three offices, kitchenette, and an in-suite restroom under an NNN lease.
    Where is this medical office space located?
    The property is located at 304-4100 Lake Otis Pkwy Anchorage, AK.
    What is the lease rate?
    The lease rate is $1.70 SF/Yr.
    What are key features of this property?
    This property features: 1,282 SF medical office suite in a U‑Med office building; Open floor plan with south views; Includes three offices plus a kitchenette
    (907) 360-0579
    We can help!
    Listing Contact
    Erik M Taylor
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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