Two-Story Office Building with Two
For Sale
$2,000,000
471 W 36th Ave, Anchorage, AK 99503
Well-maintained two-story office building currently leased to two tenants in a highly visible, easily accessible Midtown Anchorage location.
Property Size14,101 SF
Price / SF$141.83
Days on Market101
Property Features for 471 W 36th Ave
General Information
Standard status
Active
Size
14,101 SF
Site & Location
Neighborhood
Midtown
Building Details
Buildings
1
Stories
2
Building Size
14,101 SF
Tenancy
Multi
Owner Occupied
No
Listing Agency:
Bond Filipenko Commercial Properties, LLC
Listed By:
Mark Filipenko · License #16113
(907) 343-9975
Source:
Bktanchorage
Added: Jul 29
Changed: Oct 26
Last Checked: Oct 7 at 1:42PM
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 Bond Filipenko Commercial Properties, LLC
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Investment Insights
Based on property information with market context.
This well-maintained two-story office building contains 14,101 SF and is currently leased to two tenants. The flexible layout supports operational space while also generating rental income alongside an owner-user setup.
Located in Midtown Anchorage at 471 W 36th Ave, the property is described as highly visible and easily accessible, helping support day-to-day business activity and convenient tenant access.
Located in Midtown Anchorage at 471 W 36th Ave, the property is described as highly visible and easily accessible, helping support day-to-day business activity and convenient tenant access.
Key Highlights
- 14,101 SF two‑story office building
- Currently leased to two tenants
- Flexible office layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$173,231
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,464,620
$3.5M
Cap Rate 7%
$2,474,729
$2.5M
Cap Rate 9%
$1,924,789
$1.9M
Market Conditions
NOI Build-Up for 14,101 SF
Gross rent
$296.1K $21.00/SF
− Vacancy
−$65.1K −$4.62/SF
EGI
$231.0K $16.38/SF
− OpEx
−$57.7K −$4.10/SF
NOI
$173.2K $12.29/SF
Area
Anchorage, AK
Vacancy
22.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,464,620
Cap Rate 7%
$2,474,729
Cap Rate 9%
$1,924,789
Alternative Uses
Best Use
Office B
$2.47M
$2.17M – $2.89M
NOI $173,231 @ 7.0% cap · market cap 8.66%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.83M
$3.35M – $4.47M
NOI $268,032 @ 7.0% cap · market cap 13.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Demographics for 99503, AK
13,550
Population
7,411
Households
1.8
Avg Household Size
36
Median Age
30%
College-Educated
91%
High-School Grad
20.7 sq mi
ZIP Area
655
Density / Sq Mi
$76,888
Median Household Income
$46,734
Median Earnings
$1,185
Median Rent
$316,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Anchorage, AK
Properties on Market for Office buildings in Anchorage
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained two-story office building currently leased to two tenants in a highly visible, easily accessible Midtown Anchorage location.
Where is this office building located?
The property is located at 471 W 36th Ave Anchorage, AK.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 14,101 SF two‑story office building; Currently leased to two tenants; Flexible office layout
