Two-Story Office
For Sale
$2,600,000
3335 Arctic Boulevard, Anchorage, AK 99503
Well-maintained office property with flexible layouts, natural light, and on-site parking in Anchorage’s business district.
Property Size14,654 SF
Price / SF$177.43
Days on Market74
Property Features for 3335 Arctic Boulevard
General Information
Standard status
Active
Size
14,654 SF
Building Details
Year Built
1983
Listing Agency:
Jack White Commercial
Listed By:
Marc Dunne
(907) 563-5500
Source:
Bktanchorage
Added: Aug 4
Changed: Oct 12
Last Checked: Oct 16 at 1:15PM
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
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Investment Insights
Based on property information with market context.
This two-story office building contains 14,654 square feet on a 24,502-square-foot parcel and was constructed in 1983. The property offers flexible floorplans, abundant natural light, and on-site parking, supporting a range of professional office configurations. The building is identified as well-maintained in the property information.
Located at 3335 Arctic Boulevard in Anchorage, the property provides access from major thoroughfares and is positioned within the city’s business district. The surrounding area includes professional services, retail, and restaurants, while Ted Stevens Anchorage International Airport is minutes away. The property is designated as an Economic Opportunity Zone and HubZone.
Located at 3335 Arctic Boulevard in Anchorage, the property provides access from major thoroughfares and is positioned within the city’s business district. The surrounding area includes professional services, retail, and restaurants, while Ted Stevens Anchorage International Airport is minutes away. The property is designated as an Economic Opportunity Zone and HubZone.
Key Highlights
- 14,654 SF two‑story office building on a 24,502 SF parcel
- Flexible floorplans with abundant natural light
- On‑site parking included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$180,024
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,600,480
$3.6M
Cap Rate 7%
$2,571,771
$2.6M
Cap Rate 9%
$2,000,267
$2.0M
Market Conditions
NOI Build-Up for 14,654 SF
Gross rent
$307.7K $21.00/SF
− Vacancy
−$67.7K −$4.62/SF
EGI
$240.0K $16.38/SF
− OpEx
−$60.0K −$4.10/SF
NOI
$180.0K $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%
$3,600,480
Cap Rate 7%
$2,571,771
Cap Rate 9%
$2,000,267
Alternative Uses
Best Use
Office B
$2.57M
$2.25M – $3.00M
NOI $180,024 @ 7.0% cap · market cap 6.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.98M
$3.48M – $4.64M
NOI $278,543 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained office property with flexible layouts, natural light, and on-site parking in Anchorage’s business district.
Where is this office building located?
The property is located at 3335 Arctic Boulevard Anchorage, AK.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 14,654 SF two‑story office building on a 24,502 SF parcel; Flexible floorplans with abundant natural light; On‑site parking included
