Open-Plan Retail
626 Gambell Street, Anchorage, AK 99501
For Sale
New
$267,000
B-3 zoning complements an interior with exposed beams, high ceilings, a kitchen, and a bathroom with washer and dryer.
Property Size772 SF
Price / SF$345.85
Days on Market5
Property Features for 626 Gambell Street
General Information
Standard status
Size
Zoning
Site & Location
Neighborhood
Amenities
high ceilings
exposed beams
flexible floor plan
kitchen
bathroom with washer and dryer
3049.2
0.07
Tax Authority
772
Building Details
Building Size
Year Built
Stories
Listing Agency:
(907) 312-2438
Listed By:
Justin Howington
Source:
Svrealtyak
Added: Nov 10
Changed: Nov 13
Last Checked: Nov 13 at 3:24AM
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 Justin Howington
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Investment Insights
Based on property information with market context.
This retail space at 626 Gambell Street has an open interior, high ceilings, and exposed beams. A kitchen and a bathroom equipped with a washer and dryer are also part of the building. The flexible layout is described as suitable for office, studio, boutique retail, salon, and other service-oriented uses.
The property is zoned B3 - General Business and was built in 1960. Seller financing is available; terms are subject to discussion.
The property is zoned B3 - General Business and was built in 1960. Seller financing is available; terms are subject to discussion.
Key Highlights
- Open interior with high ceilings and exposed beams
- Kitchen and bathroom with washer and dryer
- B3 - General Business zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,005
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,100
$260.1K
Cap Rate 7%
$185,786
$185.8K
Cap Rate 9%
$144,500
$144.5K
Market Conditions
NOI Build-Up for 772 SF
Gross rent
$19.5K $25.20/SF
− Vacancy
−$875 −$1.13/SF
EGI
$18.6K $24.07/SF
− OpEx
−$5.6K −$7.22/SF
NOI
$13.0K $16.85/SF
Area
Anchorage, AK
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,100
Cap Rate 7%
$185,786
Cap Rate 9%
$144,500
Alternative Uses
Best Use
Retail
$185.8K
$162.6K – $216.8K
NOI $13,005 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$209.6K
$183.4K – $244.6K
NOI $14,674 @ 7.0% cap · market cap 5.50%
Zoning and permitted uses should be independently verified with authorities.
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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
$378,700
Median Home Value
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Market
Average Price Trend$/SF for Retail space in Anchorage, AK
Properties on Market for Retail space in Anchorage
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - B-3 zoning complements an interior with exposed beams, high ceilings, a kitchen, and a bathroom with washer and dryer.
Where is this retail space located?
The property is located at 626 Gambell Street Anchorage, AK.
What is the asking price?
The asking price for this property is $267,000.
What are key features of this property?
This property features: Open interior with high ceilings and exposed beams; Kitchen and bathroom with washer and dryer; B3 - General Business zoning
