Medical Center with Imaging
For Sale
$1,900,000
Pending
3330 Fairbanks St, Anchorage, AK 99503
Vacant healthcare facility with clinical, administrative, and support areas for medical or office use.
Property Size5,747 SF
Days on Market537
Property Features for 3330 Fairbanks St
General Information
Standard status
Pending
Size
5,747 SF
Property subtype
Commercial
Building Details
Year Built
2002
Listing Agency:
Jack White Commercial
(907) 563-5500
Listed By:
Sam Steele · License #15685
Source:
Viewanchoragehouses
Added: Mar 12, 2025
Changed: Aug 29
Last Checked: Aug 29 at 6:43PM
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.
Built in 2002, this 5,747-square-foot medical center is vacant and configured for clinical operations. The floor plan includes a reception and waiting area, three exam rooms, laboratory areas, two surgical rooms, dedicated x-ray and CT scan rooms, storage, a break room, and administrative offices.
The property is located on Fairbanks Street in midtown Anchorage, providing a ready-built setting for healthcare or office operations. Its existing room layout and imaging-related spaces support a range of professional medical functions without relying on a generic office configuration.
The property is located on Fairbanks Street in midtown Anchorage, providing a ready-built setting for healthcare or office operations. Its existing room layout and imaging-related spaces support a range of professional medical functions without relying on a generic office configuration.
Key Highlights
- 5,747‑square‑foot medical center built in 2002
- Vacant facility with reception and patient waiting area
- Three exam rooms, two surgical rooms, and laboratory areas
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
$74,481
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
3.92%
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%
$1,489,620
$1.5M
Cap Rate 7%
$1,064,014
$1.1M
Cap Rate 9%
$827,567
$827.6K
Market Conditions
NOI Build-Up for 5,747 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
$137.9K $24.00/SF
− Vacancy
−$13.8K −$2.40/SF
EGI
$124.1K $21.60/SF
− OpEx
−$49.7K −$8.64/SF
NOI
$74.5K $12.96/SF
Area
Anchorage, AK
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
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%
$1,489,620
Cap Rate 7%
$1,064,014
Cap Rate 9%
$827,567
Alternative Uses
Best Use
Healthcare Medical
$1.06M
$931.0K – $1.24M
NOI $74,481 @ 7.0% cap · market cap 3.92%
Second Best
Office B
$1.01M
$882.5K – $1.18M
NOI $70,602 @ 7.0% cap · market cap 3.72%
Theoretical Best
Specialty Retail
$1.56M
$1.37M – $1.82M
NOI $109,239 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
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Frequently Asked Questions
What type of property is this?
Medical center - Vacant healthcare facility with clinical, administrative, and support areas for medical or office use.
Where is this medical center located?
The property is located at 3330 Fairbanks St Anchorage, AK.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 5,747‑square‑foot medical center built in 2002; Vacant facility with reception and patient waiting area; Three exam rooms, two surgical rooms, and laboratory areas
