Anchorage Medical/Office Building For
3600 Lake Otis Pkwy Anchorage, AK 99508
3600 Lake Otis Pkwy, Anchorage, AK, 99508
$1,190,000
Pending
For Sale
$1,190,000
Pending
Two-story medical/office building with updated suites and common areas.
Property Size6,796 SF
Lot Size0.43 Acres
Days on Market318
Property Features for 3600 Lake Otis Pkwy
General Information
- Standard status
- Pending
- Size
- 6,796 SF
- Lot size
- 0.43 Acres
Listing Agency
Jack White Commercial
(907) 563-5500
Listed by
Andrew Ingram · License #AK17954
(907) 563-5500
Source
Exprealty
Added: Sep 4, 2025 Checked: Jul 17 at 7:32 pm
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 is a 6,796 square foot two-story medical/office building situated on 18,594 square feet of land, consisting of two parcels. The building features updated suites and common areas. It benefits from high visibility and monument signage at a prominent intersection in Anchorage. There is 1,700 square feet of available space on the second floor. The owner is willing to vacate the ground floor if desired.
Key Highlights
- Incredible visibility and monument signage from a prominent Anchorage intersection.
- Outstanding medical/office building location at 36th and Lake Otis.
- 6,796 SF building on 18,594 SF of land (2 parcels).
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $163.1k | $24.00 |
| − Vacancy | −$16.3k | −$2.40 |
| EGI | $146.8k | $21.60 |
| − OpEx | −$58.7k | −$8.64 |
| NOI | $88.1k | $12.96 |
6,796 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.26M
$1.10M – $1.47M
NOI $88,076 @ 7.0% cap · market cap 7.40%
Second Best
Office B
$1.19M
$1.04M – $1.39M
NOI $83,489 @ 7.0% cap · market cap 7.02%
Theoretical Best
Specialty Retail
$1.85M
$1.61M – $2.15M
NOI $129,178 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Alaska Family Sonograms ...
Medical Clinic
Advanced Hand & Orthopedics
Physician
Alpenglow Acupuncture
Alternative Medicine Practice
Anna(Pili) Goddard-Vaughan
Alternative Medicine Practice
Baby Revealz 3D ...
Medical Clinic
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Two-story medical/office building with updated suites and common areas.
Where is this medical office space located?
The property is located at 3600 Lake Otis Pkwy Anchorage, AK.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: Incredible visibility and monument signage from a prominent Anchorage intersection.; Outstanding medical/office building location at 36th and Lake Otis.; 6,796 SF building on 18,594 SF of land (2 parcels).
