Remodeled Medical Office
3823 Spenard Road Anchorage, AK 99517
For Sale
$450,000
Completely remodeled building with medical-grade electrical, triple-pane street-side windows, and accessible ramp, currently configured for chiropractic use.
Property Size1,440 SF
Price / SF$312.50
Days on Market8
Property Features for 3823 Spenard Road
General Information
- Standard status
- Active
- Size
- 1,440 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1956
Listing Agency:
(907) 229-8993
Listed By:
Real Broker Alaska
(907) 229-8993
Source:
Xome
Added: Jul 17
Changed: Jul 24
Last Checked: Jul 24 at 5:34AM
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 Real Broker Alaska
Investment Insights
Based on property information with market context.
This completely remodeled building is updated throughout and equipped with medical-grade electrical. Street-side windows are triple pane for noise reduction, and the property includes a newer roof along with new exterior and interior paint. An accessible ramp provides entry, and the interior layout features a reception area, multiple offices and rooms, a kitchenette, and one accessible bathroom that also houses a full-size washer and dryer.
Currently used as a chiropractic office, the space includes treatment and massage rooms plus additional private offices for clinical and admin/billing functions. There is also a large room that is being used for storage, along with alley access. The building is described as having substantial usable space for a smaller footprint, and it can also be used as an office or a small medical building.
Currently used as a chiropractic office, the space includes treatment and massage rooms plus additional private offices for clinical and admin/billing functions. There is also a large room that is being used for storage, along with alley access. The building is described as having substantial usable space for a smaller footprint, and it can also be used as an office or a small medical building.
Key Highlights
- Completely remodeled building on Spenard Road, currently configured for chiropractic use
- Medical‑grade electrical throughout the building
- Triple‑pane street‑side windows for noise reduction
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 | $34.6k | $24.00 |
| − Vacancy | −$3.5k | −$2.40 |
| EGI | $31.1k | $21.60 |
| − OpEx | −$12.4k | −$8.64 |
| NOI | $18.7k | $12.96 |
1,440 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$266.6K
$233.3K – $311.0K
NOI $18,662 @ 7.0% cap · market cap 4.15%
Second Best
Office B
$252.7K
$221.1K – $294.8K
NOI $17,690 @ 7.0% cap · market cap 3.93%
Theoretical Best
Specialty Retail
$391.0K
$342.2K – $456.2K
NOI $27,372 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dr. Edward Barrington
Alternative Medicine Practice
Barrington Chiropractic
Alternative Medicine Practice
FAQs
What type of property is this?
Medical Office Space - Completely remodeled building with medical-grade electrical, triple-pane street-side windows, and accessible ramp, currently configured for chiropractic use.
Where is this medical office space located?
The property is located at 3823 Spenard Road Anchorage, AK.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Completely remodeled building on Spenard Road, currently configured for chiropractic use; Medical‑grade electrical throughout the building; Triple‑pane street‑side windows for noise reduction
