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Office Condominium with Mezzanine
For Sale
$725,000

600 Barrow St # 200, Anchorage, AK 99501

Elevator service, a private deck and a window-lined two-story area distinguish the workspace.

Property Size5,396 SF
Price / SF$134.36
Days on Market48

Property Features for 600 Barrow St # 200

General Information

Standard status Active
Size 5,396 SF
Elevators Yes
Property subtype Commercial

Site & Location

Neighborhood Downtown

Additional Details

Asking Price $725,000
Sprinkler System Yes
Tenant in Place Yes
Property Use Office

Amenities

private deck

Building Details

Tenancy Single
Listing Agency: Jack White Commercial
Listed By: Andrew Ingram · License #AK17954
Source: Viewanchoragehouses
Added: Sep 17 Changed: Nov 1 Last Checked: Nov 3 at 7:15AM

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

Rey
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Investment Insights

Based on property information with market context.

This office condominium at 600 Barrow St #200 offers 5,396 SF across a 3,985 SF main level and a 1,411 SF mezzanine. The layout includes private offices, a conference room, a kitchen and a two-story open area with windows along one full wall. The remodeled, sprinklered space is elevator-served and includes a private deck.

The property is at 6th and Barrow in downtown Anchorage. The existing tenant may vacate at closing or remain and pay rent through May 2027.

Key Highlights

  • 5,396 SF total: 3,985 SF main level and 1,411 SF mezzanine
  • Private offices, conference room and kitchen
  • Two‑story open area with a full wall of windows

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$66,290
Cap Rate
9.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,325,800 $1.3M
Cap Rate 7%
$947,000 $947.0K
Cap Rate 9%
$736,556 $736.6K
Market Conditions
NOI Build-Up for 5,396 SF
Gross rent
$113.3K $21.00/SF
− Vacancy
−$24.9K −$4.62/SF
EGI
$88.4K $16.38/SF
− OpEx
−$22.1K −$4.10/SF
NOI
$66.3K $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%
$1,325,800
Cap Rate 7%
$947,000
Cap Rate 9%
$736,556

Alternative Uses

Best Use
Office B
$947.0K
$828.6K – $1.10M (±1% cap)
NOI $66,290 @ 7.0% cap · market cap 9.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.47M
$1.28M – $1.71M (±1% cap)
NOI $102,567 @ 7.0% cap · market cap 14.15%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Alaska Tours Travel Agency Alaska Private Touring Tour Operator Beacon Investigative Solutions Law Firm Chignon Beauty Hair Salon Blueprint Alaska Marketing & Advertising

Lease Details

Single-tenant
Tenancy
Yes
Sprinkler system

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

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025

Frequently Asked Questions

What type of property is this?
Office unit - Elevator service, a private deck and a window-lined two-story area distinguish the workspace.
Where is this office unit located?
The property is located at 600 Barrow St # 200 Anchorage, AK.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 5,396 SF total: 3,985 SF main level and 1,411 SF mezzanine; Private offices, conference room and kitchen; Two‑story open area with a full wall of windows
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Includes: Price & PSF · Cap rate · Location · Zoning

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