Mixed-Use Retail and Office
For Sale
$450,000
606 E Fireweed Lane, Anchorage, AK 99503
Single commercial building with street-facing retail frontage and an additional rear office area.
Property Size2,888 SF
Price / SF$155.82
Days on Market267
Property Features for 606 E Fireweed Lane
General Information
Standard status
Active
Size
2,888 SF
Property subtype
General Commercial
Amenities
3
Building Details
Year Built
1971
Listing Agency:
RE/MAX Dynamic Properties
(907) 227-2327
Listed By:
Won Zong · License #15747
(907) 227-2327
Source:
Xome
Added: Nov 29, 2025
Changed: Aug 23
Last Checked: Aug 22 at 10:51AM
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 RE/MAX Dynamic Properties
Investment Insights
Based on property information with market context.
This single commercial building is configured with street-facing space suitable for retail use, along with a secondary rear area that can be used for office. The layout supports a mixed approach for tenants and owner-occupants who want retail activity at the front with office space toward the rear.
The property is located in Midtown Anchorage on general business zoning, and it sits directly along a high-traffic roadway. With frontage on the street, the building is positioned for walk-in retail and storefront visibility.
The building offers flexible use potential, including retail shop or office, with the rear office area providing additional room for office-oriented operations.
The property is located in Midtown Anchorage on general business zoning, and it sits directly along a high-traffic roadway. With frontage on the street, the building is positioned for walk-in retail and storefront visibility.
The building offers flexible use potential, including retail shop or office, with the rear office area providing additional room for office-oriented operations.
Key Highlights
- Single commercial building in Central Midtown with general business zoning
- Street‑facing retail frontage on a high‑traffic area
- Additional rear office area suitable for office use alongside retail
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,479
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$709,580
$709.6K
Cap Rate 7%
$506,843
$506.8K
Cap Rate 9%
$394,211
$394.2K
Market Conditions
NOI Build-Up for 2,888 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$60.6K $21.00/SF
− Vacancy
−$13.3K −$4.62/SF
EGI
$47.3K $16.38/SF
− OpEx
−$11.8K −$4.10/SF
NOI
$35.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$709,580
Cap Rate 7%
$506,843
Cap Rate 9%
$394,211
Alternative Uses
Best Use
Retail
$695.0K
$608.2K – $810.9K
NOI $48,652 @ 7.0% cap · market cap 10.81%
Second Best
Office B
$506.8K
$443.5K – $591.3K
NOI $35,479 @ 7.0% cap · market cap 7.88%
Theoretical Best
Specialty Retail
$784.2K
$686.2K – $914.9K
NOI $54,895 @ 7.0% cap · market cap 12.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Single commercial building with street-facing retail frontage and an additional rear office area.
Where is this storefront property located?
The property is located at 606 E Fireweed Lane Anchorage, AK.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Single commercial building in Central Midtown with general business zoning; Street‑facing retail frontage on a high‑traffic area; Additional rear office area suitable for office use alongside retail
