Anchorage Dental Facility For
For Sale
Contact for pricing
3606 Rhone Cir, Anchorage, AK 99508
Midtown dental facility with equipment and parking.
Property Size4,824 SF
Price / SF$409.41
Days on Market1007
Property Features for 3606 Rhone Cir
General Information
Standard status
Active
Size
4,824 SF
Property subtype
Office
Zoning
RO - Residential Office
Building Details
Year Built
1972
Listing Agency:
Jack White Commercial
(907) 762-7590
Listed By:
Carl D. Kuhn · License #AK
Source:
Crexi
Added: Nov 29, 2023
Changed: Aug 27
Last Checked: Aug 25 at 4:18PM
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 Midtown dental facility is located in a high visibility location off 36th Ave. The second floor features a waiting area, 6 operatories, a lab, sterilization area, pano room, supply area, secure storage, and med gas. The first floor includes an employee break area, kitchen, shower facilities, and laundry. An ADA lift is available. There are 26 parking spaces. FF&E to remain with the building includes (6) A-dec dental chairs, (2) Smartbox X2, (1) Smartmix X2, (1) Drufomat Scan Pressure Machine, (1) Ray Foster Model Trimmer, (1) Hydrim G4 Sterilization, (3) Midmark Steam Sterilization, (1) Vatech panoramic x-ray machine, (11) provider/assistant chairs, (10) waiting room chairs, (2) waiting room tables & (12) employee lockers. The property size is 4,824 square feet and is suitable for medical office or general office use.
Key Highlights
- Fully equipped dental facility with 6 operatories, lab, sterilization, pano room, and supply area.
- High visibility location off 36th Ave in Midtown.
- Includes extensive FF&E: A‑dec dental chairs, sterilization equipment, panoramic x‑ray machine, and more.
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
$62,519
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
3.17%
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%
$1,250,380
$1.3M
Cap Rate 7%
$893,129
$893.1K
Cap Rate 9%
$694,656
$694.7K
Market Conditions
NOI Build-Up for 4,824 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
$115.8K $24.00/SF
− Vacancy
−$11.6K −$2.40/SF
EGI
$104.2K $21.60/SF
− OpEx
−$41.7K −$8.64/SF
NOI
$62.5K $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%
$1,250,380
Cap Rate 7%
$893,129
Cap Rate 9%
$694,656
Alternative Uses
Best Use
Healthcare Medical
$893.1K
$781.5K – $1.04M
NOI $62,519 @ 7.0% cap · market cap 3.17%
Second Best
Office B
$846.6K
$740.8K – $987.7K
NOI $59,263 @ 7.0% cap · market cap 3.00%
Theoretical Best
Specialty Retail
$1.31M
$1.15M – $1.53M
NOI $91,695 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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 - Midtown dental facility with equipment and parking.
Where is this medical office space located?
The property is located at 3606 Rhone Cir Anchorage, AK.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Fully equipped dental facility with **6 operatories, lab, sterilization, pano room, and supply area.**; High visibility location off 36th Ave in Midtown.; Includes extensive FF&E: **A‑dec dental chairs, sterilization equipment, panoramic x‑ray machine, and more.**
