3940 Arctic Boulevard, Anchorage, AK 99503
COMMERCIAL - Anchorage, AK
- Added:
- Aug 18, 2025
- Days on Market:
- 297
- Last Refresh:
- Jun 10 at 5:06 am
Property Features for 3940 Arctic Boulevard
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B3 - General Business
- Parking
- 60
- Security features
- Security System
- Standard status
- Active
- APN
- 01011627000
- Size
- 30,240 SF
- Lot size
- 0.95 Acres
Taxes and HOA fees
- Tax Description
- Spenard Acres BLK E LT 6
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
Building Details
- Year built
- 1984
- Floors in Building
- 3
- Flooring type
- Carpet
- Building materials
- Wood Frame
Listing agent Lottie Michael License #2519 (907) 646-3600
Listing office Berkshire Hathaway HomeServices Alaska Realty 561 E 36th Ave Ste 200, Anchorage, AK (907) 646-3600
Listing date Aug 18, 2025
Copyright © 2026 Alaska Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- ADA compliant with elevator for accessibility.
- Full service including janitorial.
- New UV Solar film applied to windows.
- Full basement storage.
- Midtown office building location.
- Natural Gas heating.
Overview
Local 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 |
Alternative Uses
Current Use by Public Records
Map
- City
- Anchorage
- County
- Anchorage
- State
- Alaska
- Longitude
- -149.898835
- Latitude
- 61.184677
