B3-Zoned Commercial
New
For Sale
$849,999
3836 Spenard Rd, Anchorage, AK 99517
The parcel contains a hazardous-condition structure requiring environmental remediation or demolition and replacement.
Property Size11,758 SF
Price / SF$72.29
Days on Market7
Property Features for 3836 Spenard Rd
General Information
Standard status
Active
Size
11,758 SF
Property subtype
Commercial
Site & Location
Neighborhood
Spenard
Building Details
Year Built
1958
Listing Agency:
Keller Williams Realty Alaska Group of Eagle River
Listed By:
Keira J Dreher · License #17709
(907) 529-4660
Source:
Viewanchoragehouses
Added: Oct 28
Changed: Nov 1
Last Checked: Nov 3 at 7:03AM
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 Keller Williams Realty Alaska Group of Eagle River
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Investment Insights
Based on property information with market context.
This commercial land parcel is zoned B3 and has public utilities on site. The existing 1958 building is in hazardous condition and requires full environmental remediation or demolition and replacement. The property is offered as-is, and entry into the building should not be attempted.
The site is at 3836 Spenard Rd in Anchorage.
The site is at 3836 Spenard Rd in Anchorage.
Key Highlights
- B3 zoning
- Public utilities on site
- Existing 1958 building requires full environmental remediation or demolition and replacement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,292
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,105,840
$1.1M
Cap Rate 7%
$789,886
$789.9K
Cap Rate 9%
$614,356
$614.4K
Market Conditions
NOI Build-Up for 11,758 SF
Gross rent
$155.2K $13.20/SF
− Vacancy
−$38.8K −$3.30/SF
EGI
$116.4K $9.90/SF
− OpEx
−$61.1K −$5.20/SF
NOI
$55.3K $4.70/SF
Area
Anchorage, AK
Vacancy
25.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,105,840
Cap Rate 7%
$789,886
Cap Rate 9%
$614,356
Alternative Uses
Best Use
Hotel Hospitality
$789.9K
$691.2K – $921.5K
NOI $55,292 @ 7.0% cap · market cap 6.50%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.19M
$2.79M – $3.72M
NOI $223,496 @ 7.0% cap · market cap 26.29%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Demographics for 99517, AK
16,307
Population
7,718
Households
2.1
Avg Household Size
39
Median Age
40%
College-Educated
95%
High-School Grad
3.2 sq mi
ZIP Area
5,096
Density / Sq Mi
$99,307
Median Household Income
$57,466
Median Earnings
$1,364
Median Rent
$365,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - The parcel contains a hazardous-condition structure requiring environmental remediation or demolition and replacement.
Where is this commercial land located?
The property is located at 3836 Spenard Rd Anchorage, AK.
What is the asking price?
The asking price for this property is $849,999.
What are key features of this property?
This property features: B3 zoning; Public utilities on site; Existing 1958 building requires full environmental remediation or demolition and replacement
