Downtown Office Building with
645 G St Anchorage, AK 99501
645 G St, Anchorage, AK, 99501
$3,850,000
For Sale
$3,850,000
Four-story office building with ground-floor retail and a remodeled top-floor suite connected to the third floor by an internal stairwell.
Property Size25,706 SF
Price / SF$149.77
Days on Market120
Property Features for 645 G St
General Information
- Standard status
- Active
- Size
- 25,706 SF
Listing agency
Jack White Commercial
(907) 229-5525
Listed by
Marc Dunne
(907) 229-5525
Source
Exprealty
Added: Mar 25 Updated: Jul 21 at 6:07PM Checked: Jul 21 at 6:07PM
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
Investment Insights
Based on property information with market context.
This four-story, fee-simple office building includes ground-floor retail space and extensive remodel work associated with the former RIM Architects. The top-floor space formerly occupied by RIM Architects is available for occupancy and is connected to the third floor through an exposed internal stairwell, creating a flexible office configuration for an owner-user or related use.
The property is described as being in downtown Anchorage, adjacent to City Hall and the Dena’ina Convention Center. Updated common areas and HVAC ionization and energy-efficiency upgrades are noted as part of the improvements.
For additional details such as the current floor configuration and available terms reflected in the rent roll and op ex, the listing indicates contacting the Listing Licensee.
The property is described as being in downtown Anchorage, adjacent to City Hall and the Dena’ina Convention Center. Updated common areas and HVAC ionization and energy-efficiency upgrades are noted as part of the improvements.
For additional details such as the current floor configuration and available terms reflected in the rent roll and op ex, the listing indicates contacting the Listing Licensee.
Key Highlights
- Four‑story fee‑simple office building with ground‑floor retail in downtown Anchorage
- Adjacent to City Hall and the Dena'ina Convention Center
- Extensively remodeled by the former tenant/owner, RIM Architects
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $539.8k | $21.00 |
| − Vacancy | −$118.8k | −$4.62 |
| EGI | $421.1k | $16.38 |
| − OpEx | −$105.3k | −$4.10 |
| NOI | $315.8k | $12.29 |
25,706 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Retail
$6.19M
$5.41M – $7.22M
NOI $433,048 @ 7.0% cap · market cap 11.25%
Second Best
Office B
$4.51M
$3.95M – $5.26M
NOI $315,798 @ 7.0% cap · market cap 8.20%
Theoretical Best
Specialty Retail
$6.98M
$6.11M – $8.14M
NOI $488,620 @ 7.0% cap · market cap 12.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Arctic Elevator Co ...
General Contractor
The UPS Store
Courier Service
Deloitte
Financial Advisor
Alaska Cruise Transportation ...
Travel Agency
Arctic Training Group
Training Center
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Four-story office building with ground-floor retail and a remodeled top-floor suite connected to the third floor by an internal stairwell.
Where is this office building located?
The property is located at 645 G St Anchorage, AK.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: Four‑story fee‑simple office building with ground‑floor retail in downtown Anchorage; Adjacent to City Hall and the Dena'ina Convention Center; Extensively remodeled by the former tenant/owner, RIM Architects
