Downtown Anchorage Office Building For
For Sale
$1,725,000
519 W 8th Ave, Anchorage, AK 99501
Well-kept office building in downtown Anchorage, located between E and F streets.
Property Size10,896 SF
Price / SF$158.31
Days on Market275
Property Features for 519 W 8th Ave
General Information
Standard status
Active
Size
10,896 SF
Building Details
Year Built
1961
Listing Agency:
Infinity Commercial Real Estate Group
Listed By:
Albert Circosta · License #14721-RECB
(907) 230-3638
Source:
Sellingalaskaco
Added: Jan 13
Changed: Oct 8
Last Checked: Oct 7 at 5:31PM
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 Infinity Commercial Real Estate Group
Investment Insights
Based on property information with market context.
This well-kept office building is located in downtown Anchorage, situated between E and F streets. The property is suitable for office use.
Key Highlights
- Well kept building.
- Downtown location.
- Office building.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$133,857
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,677,140
$2.7M
Cap Rate 7%
$1,912,243
$1.9M
Cap Rate 9%
$1,487,300
$1.5M
Market Conditions
NOI Build-Up for 10,896 SF
Gross rent
$228.8K $21.00/SF
− Vacancy
−$50.3K −$4.62/SF
EGI
$178.5K $16.38/SF
− OpEx
−$44.6K −$4.10/SF
NOI
$133.9K $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%
$2,677,140
Cap Rate 7%
$1,912,243
Cap Rate 9%
$1,487,300
Alternative Uses
Best Use
Office B
$1.91M
$1.67M – $2.23M
NOI $133,857 @ 7.0% cap · market cap 7.76%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.96M
$2.59M – $3.45M
NOI $207,111 @ 7.0% cap · market cap 12.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Demographics for 99501, AK
18,590
Population
8,906
Households
2.1
Avg Household Size
38
Median Age
40%
College-Educated
92%
High-School Grad
6.7 sq mi
ZIP Area
2,775
Density / Sq Mi
$69,591
Median Household Income
$43,542
Median Earnings
$1,181
Median Rent
$378,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Well-kept office building in downtown Anchorage, located between E and F streets.
Where is this office building located?
The property is located at 519 W 8th Ave Anchorage, AK.
What is the asking price?
The asking price for this property is $1,725,000.
What are key features of this property?
This property features: Well kept building.; Downtown location.; Office building.
