Remodeled Medical Office
For Sale
$399,000
3500 Latouche St, Anchorage, AK 99508
Six private exam or provider rooms are complemented by reception, storage, a lab/breakroom, and a private bathroom.
Property Size1,744 SF
Price / SF$228.78
Days on Market8
Property Features for 3500 Latouche St
General Information
Standard status
Active
Size
1,744 SF
Total Parking Spaces
1
Building Details
Year Renovated
2022
Tenancy
Multi
Listing Agency:
Jack White Commercial
Listed By:
Brandon L Walker
(907) 563-7733
Source:
Kristancole
Added: Oct 1
Last Checked: Oct 7 at 5:34PM
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 1,744-square-foot medical office suite contains six private exam rooms or provider offices, along with reception, storage, a private bathroom, and a lab/breakroom. A 2022 renovation updated flooring, wall finishes, doors and frames, ceiling grid, and lighting. The unit also includes a covered parking space beneath the building.
Key Highlights
- 1,744‑square‑foot medical office unit
- Six private exam rooms or provider offices
- Reception, storage, private bathroom, and lab/breakroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,602
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
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
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 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
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Current Use
Lease Details
Multi-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Six private exam or provider rooms are complemented by reception, storage, a lab/breakroom, and a private bathroom.
Where is this medical office space located?
The property is located at 3500 Latouche St 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: 1,744‑square‑foot medical office unit; Six private exam rooms or provider offices; Reception, storage, private bathroom, and lab/breakroom
