Remodeled Office
For Sale
$260,000
3500 Latouche St # 230a, Anchorage, AK 99508
Updated professional setting includes private reception, kitchenette, bathroom, and sound-buffering wall treatments.
Property Size1,339 SF
Price / SF$194.17
Days on Market130
Property Features for 3500 Latouche St # 230a
General Information
Standard status
Active
Size
1,339 SF
Total Parking Spaces
1
Property subtype
Commercial
Additional Details
HOA Fee
$1,334
Office Units
1
Amenities
conference room
kitchenette
Building Details
Year Renovated
2025
Listing Agency:
Jack White Commercial
(907) 341-4024
Listed By:
Manny Rodriguez
Source:
Viewanchoragehouses
Added: Apr 24
Changed: Aug 29
Last Checked: Aug 30 at 6:08PM
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 1,339-square-foot office suite in a medical building was remodeled in 2025 with updated walls, flooring, doors, electrical connections, and internet setup. The layout includes five offices, a private bathroom, kitchenette, reception area, and interior waiting area. Felt-and-wood wall panels are used to help buffer sound between offices, while oversized windows provide substantial natural light.
Located in Midtown Anchorage at 3500 Latouche Street, Unit #230A, the suite includes one assigned covered parking space and access to 12 parking spaces at the property. Building amenities include public waiting areas and a shared conference room. The building was constructed in 1985 and offers a secure professional setting for office users, including medical practices.
Located in Midtown Anchorage at 3500 Latouche Street, Unit #230A, the suite includes one assigned covered parking space and access to 12 parking spaces at the property. Building amenities include public waiting areas and a shared conference room. The building was constructed in 1985 and offers a secure professional setting for office users, including medical practices.
Key Highlights
- 1,339 SF office suite remodeled in 2025
- Five offices plus a private bathroom and kitchenette
- Private reception and waiting area within the suite
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
$17,353
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
6.67%
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%
$347,060
$347.1K
Cap Rate 7%
$247,900
$247.9K
Cap Rate 9%
$192,811
$192.8K
Market Conditions
NOI Build-Up for 1,339 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
$32.1K $24.00/SF
− Vacancy
−$3.2K −$2.40/SF
EGI
$28.9K $21.60/SF
− OpEx
−$11.6K −$8.64/SF
NOI
$17.4K $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%
$347,060
Cap Rate 7%
$247,900
Cap Rate 9%
$192,811
Alternative Uses
Best Use
Healthcare Medical
$247.9K
$216.9K – $289.2K
NOI $17,353 @ 7.0% cap · market cap 6.67%
Second Best
Office B
$235.0K
$205.6K – $274.2K
NOI $16,450 @ 7.0% cap · market cap 6.33%
Theoretical Best
Specialty Retail
$363.6K
$318.2K – $424.2K
NOI $25,452 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
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?
Office units - Updated professional setting includes private reception, kitchenette, bathroom, and sound-buffering wall treatments.
Where is this office units located?
The property is located at 3500 Latouche St # 230a Anchorage, AK.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 1,339 SF office suite remodeled in 2025; Five offices plus a private bathroom and kitchenette; Private reception and waiting area within the suite
