Two-Story Fully Occupied Office
For Sale
$1,450,000
307 E Northern Lights Boulevard, Anchorage, AK 99503
Visible office asset with on-site parking and convenient access to restaurants, retail, banking, and professional services.
Property Size9,954 SF
Price / SF$145.67
Days on Market53
Property Features for 307 E Northern Lights Boulevard
General Information
Standard status
Active
Size
9,954 SF
Occupancy
100%
Additional Details
Road Access
Yes
Building Details
Year Built
1965
Buildings
1
Stories
2
Listing Agency:
Jack White Commercial
Listed By:
Marc Dunne
(907) 563-5500
Source:
Kachemakgrouprealestate
Added: Aug 24
Changed: Oct 2
Last Checked: Oct 7 at 4:54PM
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 two-story office building was constructed in 1965 and is fully occupied. On-site parking serves both occupants and visitors, while the property’s position along a heavily traveled thoroughfare provides strong exposure to passing traffic.
Located in Midtown Anchorage at 307 E Northern Lights Boulevard, the property records more than 25,575 vehicles daily. Restaurants, retail, banking, and professional services are all part of the surrounding commercial environment, supporting convenient access for office users and customers.
Located in Midtown Anchorage at 307 E Northern Lights Boulevard, the property records more than 25,575 vehicles daily. Restaurants, retail, banking, and professional services are all part of the surrounding commercial environment, supporting convenient access for office users and customers.
Key Highlights
- Fully occupied two‑story office building
- More than 25,575 vehicles pass daily
- On‑site parking for tenants and customers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,285
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,445,700
$2.4M
Cap Rate 7%
$1,746,929
$1.7M
Cap Rate 9%
$1,358,722
$1.4M
Market Conditions
NOI Build-Up for 9,954 SF
Gross rent
$209.0K $21.00/SF
− Vacancy
−$46.0K −$4.62/SF
EGI
$163.0K $16.38/SF
− OpEx
−$40.8K −$4.10/SF
NOI
$122.3K $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%
$2,445,700
Cap Rate 7%
$1,746,929
Cap Rate 9%
$1,358,722
Alternative Uses
Best Use
Office B
$1.75M
$1.53M – $2.04M
NOI $122,285 @ 7.0% cap · market cap 8.43%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.70M
$2.37M – $3.15M
NOI $189,206 @ 7.0% cap · market cap 13.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
100%
Occupancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Visible office asset with on-site parking and convenient access to restaurants, retail, banking, and professional services.
Where is this office building located?
The property is located at 307 E Northern Lights Boulevard Anchorage, AK.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Fully occupied two‑story office building; More than 25,575 vehicles pass daily; On‑site parking for tenants and customers
