3940 Arctic Blvd Anchorage, AK 99503
For Sale
$4,300,000
Three-story office building with basement storage in midtown Anchorage.
Property Size30,240 SF
Lot Size0.95 Acres
Price / SF$142.20
Days on Market343
Property Features for 3940 Arctic Blvd
General Information
- Standard status
- Active
- Property type
- Office buildings, Office Spaces
- Size
- 30,240 SF
- Lot size
- 0.95 Acres
Building Details
- Year Built
- 1984
Listing Agency:
Listed By:
yurii.kononov_555_17
Added: Aug 18, 2025
Changed: Jun 10
Financial Insights For Office B
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 | $635.0k | $21.00 |
| − Vacancy | −$139.7k | −$4.62 |
| EGI | $495.3k | $16.38 |
| − OpEx | −$123.8k | −$4.10 |
| NOI | $371.5k | $12.29 |
30,240 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.31M
$4.64M – $6.19M
NOI $371,498 @ 7.0% cap · market cap 8.64%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.21M
$7.19M – $9.58M
NOI $574,802 @ 7.0% cap · market cap 13.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
CRW Engineering Group, ...
Geotechnical Engineer
Campbell Airstrip Road ...
Park
FAQs
What type of property is this?
Office building - Three-story office building with basement storage in midtown Anchorage.
Where is this office building located?
The property is located at 3940 Arctic Blvd Anchorage, AK.
What is the asking price?
The asking price for this property is $4,300,000.
