Medical Office with Vichy
4119 Laurel Street, Anchorage, AK 99508
For Sale
$850,000
A medical tenant occupies the property under a two-year lease, and private parking is available on site.
Property Size3,726 SF
Price / SF$228.13
Days on Market382
Property Features for 4119 Laurel Street
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Additional Details
Asking Price
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
Vichy shower room
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Jack White Commercial
Listed By:
Andrew Ingram · License AK #17954
(907) 563-5500
Source:
Kodiakislandrealestate
Added: Oct 28, 2025
Changed: Nov 13
Last Checked: Nov 13 at 4:07PM
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
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Investment Insights
Based on property information with market context.
Built in 1980, this 3,726-square-foot medical office property includes a Vichy shower room and private parking. A medical tenant occupies the building on a two-year lease. The stated zoning is RMKS - See Remarks.
The property is located at 4119 Laurel Street in Anchorage, Alaska.
The property is located at 4119 Laurel Street in Anchorage, Alaska.
Key Highlights
- 3,726‑square‑foot medical office building
- Medical tenant on a 2‑year lease
- Vichy shower room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,289
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$965,780
$965.8K
Cap Rate 7%
$689,843
$689.8K
Cap Rate 9%
$536,544
$536.5K
Market Conditions
NOI Build-Up for 3,726 SF
Gross rent
$89.4K $24.00/SF
− Vacancy
−$8.9K −$2.40/SF
EGI
$80.5K $21.60/SF
− OpEx
−$32.2K −$8.64/SF
NOI
$48.3K $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 Rate 5%
$965,780
Cap Rate 7%
$689,843
Cap Rate 9%
$536,544
Alternative Uses
Best Use
Healthcare Medical
$689.8K
$603.6K – $804.8K
NOI $48,289 @ 7.0% cap · market cap 5.68%
Second Best
Office B
$653.9K
$572.2K – $762.9K
NOI $45,774 @ 7.0% cap · market cap 5.39%
Theoretical Best
Specialty Retail
$1.01M
$885.3K – $1.18M
NOI $70,824 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Medical Office Space - A medical tenant occupies the property under a two-year lease, and private parking is available on site.
Where is this medical office space located?
The property is located at 4119 Laurel Street Anchorage, AK.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 3,726‑square‑foot medical office building; Medical tenant on a 2‑year lease; Vichy shower room
