Downtown Anchorage Mixed-Use
For Sale
$3,900,000
315 E St, Anchorage, AK 99501
Mixed-use building in downtown Anchorage, Alaska, available for sale.
Property Size17,248 SF
Price / SF$226.11
Days on Market153
Property Features for 315 E St
General Information
Standard status
Active
Size
17,248 SF
Listing Agency:
Infinity Commercial Real Estate Group
Listed By:
Albert Circosta · License #14721-RECB
(907) 230-3638
Source:
Griggrealty
Added: May 16
Changed: Oct 4
Last Checked: Oct 7 at 5:14PM
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 Infinity Commercial Real Estate Group
Investment Insights
Based on property information with market context.
This mixed-use building is located in downtown Anchorage, Alaska. The property has a total size of 17,248 square feet. It is suitable for commercial real estate purposes, including retail and hospitality.
Key Highlights
- Downtown Location
- Mixed Use Building
- Built in 1972
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$216,290
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,325,800
$4.3M
Cap Rate 7%
$3,089,857
$3.1M
Cap Rate 9%
$2,403,222
$2.4M
Market Conditions
NOI Build-Up for 17,248 SF
Gross rent
$393.3K $22.80/SF
− Vacancy
−$47.2K −$2.74/SF
EGI
$346.1K $20.06/SF
− OpEx
−$129.8K −$7.52/SF
NOI
$216.3K $12.54/SF
Area
Anchorage, AK
Vacancy
12.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,325,800
Cap Rate 7%
$3,089,857
Cap Rate 9%
$2,403,222
Alternative Uses
Best Use
Mixed Use
$3.09M
$2.70M – $3.60M
NOI $216,290 @ 7.0% cap · market cap 5.55%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.68M
$4.10M – $5.46M
NOI $327,850 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Demographics for 99501, AK
18,590
Population
8,906
Households
2.1
Avg Household Size
38
Median Age
40%
College-Educated
92%
High-School Grad
6.7 sq mi
ZIP Area
2,775
Density / Sq Mi
$69,591
Median Household Income
$43,542
Median Earnings
$1,181
Median Rent
$378,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building in downtown Anchorage, Alaska, available for sale.
Where is this mixed-use property located?
The property is located at 315 E St Anchorage, AK.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Downtown Location; Mixed Use Building; Built in 1972
