Theater Redevelopment
3101 Muldoon Road Anchorage, AK 99504
3101 Muldoon Road, Anchorage, AK, 99504
$6,750,000
For Sale
$6,750,000
Redevelopment land with a large theatre building and a separate office warehouse, totaling approx. 435,806 sf of B4 zoned property.
Property Size52,489 SF
Lot Size10.00 Acres
Price / SF$128.60
Days on Market24
Property Features for 3101 Muldoon Road
General Information
- Standard status
- Active
- Size
- 52,489 SF
- Lot size
- 10.00 Acres
Building Details
- Year Built
- 1978
Listing agency
(907) 283-3883
Listed by
Mossy Oak Properties of Alaska
(907) 283-3883
Source
Alaskalandguide.idxbroker
Added: Jun 30 Updated: Jul 22 at 6:13PM Checked: Jul 22 at 6:13PM
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 Mossy Oak Properties of Alaska
Investment Insights
Based on property information with market context.
This redevelopment site includes two existing structures: a 45,990 sf theatre and a separate 6,499 sf office warehouse building. Improvements are described as concrete block and pre-engineered metal. The property is situated on approximately 435,806 sf of B4 zoned land, with 400–500 parking spaces available.
The site is located off Muldoon Road, identified as the main north/south arterial in the East Anchorage market.
The site is located off Muldoon Road, identified as the main north/south arterial in the East Anchorage market.
Key Highlights
- Redevelopment site in Anchorage bowl with B4 zoning on approx. 435,806 SF of land
- Includes a 45,990 SF theatre building
- Includes a separate 6,499 SF office warehouse building
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.01M | $19.20 |
| − Vacancy | −$90.7k | −$1.73 |
| EGI | $917.1k | $17.47 |
| − OpEx | −$321.0k | −$6.12 |
| NOI | $596.1k | $11.36 |
52,489 SF · lease $19.20/SF/yr · vacancy 9.00% · expense 35.00%
Alternative Uses
Best Use
Warehouse
$8.94M
$7.82M – $10.43M
NOI $625,734 @ 7.0% cap · market cap 9.27%
Second Best
Flex RnD
$8.52M
$7.45M – $9.94M
NOI $596,107 @ 7.0% cap · market cap 8.83%
Theoretical Best
Specialty Retail
$14.25M
$12.47M – $16.63M
NOI $997,711 @ 7.0% cap · market cap 14.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Cabo Coffee Muldoon
Cafe & Coffee Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Theater & concert hall - Redevelopment land with a large theatre building and a separate office warehouse, totaling approx. 435,806 sf of B4 zoned property.
Where is this theater & concert hall located?
The property is located at 3101 Muldoon Road Anchorage, AK.
What is the asking price?
The asking price for this property is $6,750,000.
What are key features of this property?
This property features: Redevelopment site in Anchorage bowl with B4 zoning on approx. 435,806 SF of land; Includes a 45,990 SF theatre building; Includes a separate 6,499 SF office warehouse building
