Mixed-Use Building with New
600 Cordova Street, Anchorage, AK 99501
For Sale
$800,000
B2B zoning and entry from both 6th Avenue and Cordova Street characterize this central business district property.
Property Size5,400 SF
Price / SF$148.15
Days on Market66
Property Features for 600 Cordova Street
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Road Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Listing Agency:
Herrington and Company, LLC
(907) 263-9333
Listed By:
Paige Gibson
(907) 865-6500
Source:
Kodiakislandrealestate
Added: Sep 9
Changed: Nov 13
Last Checked: Nov 13 at 3:38PM
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 Herrington and Company, LLC
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Investment Insights
Based on property information with market context.
This 5,400-square-foot mixed-use building was constructed in 1978 and has a new roof. The property is described as suitable for office, retail, condominium, or combined-use configurations. Its zoning is B2B - Central Business Intermediate.
Located in downtown Anchorage, the building has street frontage and access from both 6th Avenue and Cordova Street. Mountain views are also noted.
Located in downtown Anchorage, the building has street frontage and access from both 6th Avenue and Cordova Street. Mountain views are also noted.
Key Highlights
- 5,400‑square‑foot mixed‑use building
- New roof
- Built in 1978
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,716
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,354,320
$1.4M
Cap Rate 7%
$967,371
$967.4K
Cap Rate 9%
$752,400
$752.4K
Market Conditions
NOI Build-Up for 5,400 SF
Gross rent
$123.1K $22.80/SF
− Vacancy
−$14.8K −$2.74/SF
EGI
$108.3K $20.06/SF
− OpEx
−$40.6K −$7.52/SF
NOI
$67.7K $12.54/SF
Area
Anchorage, AK
Vacancy
12.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,354,320
Cap Rate 7%
$967,371
Cap Rate 9%
$752,400
Alternative Uses
Best Use
Mixed Use
$967.4K
$846.5K – $1.13M
NOI $67,716 @ 7.0% cap · market cap 8.46%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.47M
$1.28M – $1.71M
NOI $102,643 @ 7.0% cap · market cap 12.83%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - B2B zoning and entry from both 6th Avenue and Cordova Street characterize this central business district property.
Where is this mixed-use property located?
The property is located at 600 Cordova Street Anchorage, AK.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 5,400‑square‑foot mixed‑use building; New roof; Built in 1978
