Remodeled Medical Office
For Sale
$399,000
3500 Latouche Street, Anchorage, AK 99508
Remodeled medical office unit features six private exam rooms, reception, a private bathroom, and lab/breakroom.
Property Size1,744 SF
Price / SF$228.78
Days on Market301
Property Features for 3500 Latouche Street
General Information
Standard status
Active
Size
1,744 SF
Property subtype
General Commercial
Amenities
3
Listing Agency:
(907) 227-7313
Listed By:
Jack White Commercial
(907) 227-7313
Source:
Xome
Added: Oct 12, 2025
Changed: Aug 7
Last Checked: Aug 7 at 1:24AM
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 newly remodeled medical office unit includes six private exam rooms and/or provider offices, along with a reception area, storage, a private bathroom, and a lab/breakroom. The interior was completely remodeled in 2021–2022 with new flooring, wall finishes, doors and frames, ceiling grid, lighting, and related improvements.
The suite also includes one covered parking space. This configuration supports a practice environment that benefits from multiple individual rooms and dedicated back-of-house space.
The unit is offered for sale and presents a turn-key option for an owner-operator or an investor seeking a medically oriented office layout.
The suite also includes one covered parking space. This configuration supports a practice environment that benefits from multiple individual rooms and dedicated back-of-house space.
The unit is offered for sale and presents a turn-key option for an owner-operator or an investor seeking a medically oriented office layout.
Key Highlights
- Newly remodeled medical office unit with six private exam rooms/provider offices
- Includes reception area, private bathroom, and lab/breakroom
- Completely remodeled in 2021/2022 with new flooring, wall finishes, doors & frames, ceiling grid, and lighting
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
$22,602
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
5.66%
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%
$452,040
$452.0K
Cap Rate 7%
$322,886
$322.9K
Cap Rate 9%
$251,133
$251.1K
Market Conditions
NOI Build-Up for 1,744 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
$41.9K $24.00/SF
− Vacancy
−$4.2K −$2.40/SF
EGI
$37.7K $21.60/SF
− OpEx
−$15.1K −$8.64/SF
NOI
$22.6K $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%
$452,040
Cap Rate 7%
$322,886
Cap Rate 9%
$251,133
Alternative Uses
Best Use
Healthcare Medical
$322.9K
$282.5K – $376.7K
NOI $22,602 @ 7.0% cap · market cap 5.66%
Second Best
Office B
$306.1K
$267.8K – $357.1K
NOI $21,425 @ 7.0% cap · market cap 5.37%
Theoretical Best
Specialty Retail
$473.6K
$414.4K – $552.5K
NOI $33,150 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Demographics for 99508, AK
34,394
Population
14,219
Households
2.4
Avg Household Size
34
Median Age
28%
College-Educated
91%
High-School Grad
7.1 sq mi
ZIP Area
4,844
Density / Sq Mi
$72,751
Median Household Income
$40,937
Median Earnings
$1,353
Median Rent
$309,400
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 Office Space - Remodeled medical office unit features six private exam rooms, reception, a private bathroom, and lab/breakroom.
Where is this medical office space located?
The property is located at 3500 Latouche Street Anchorage, AK.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Newly remodeled medical office unit with six private exam rooms/provider offices; Includes reception area, private bathroom, and lab/breakroom; Completely remodeled in 2021/2022 with new flooring, wall finishes, doors & frames, ceiling grid, and lighting
