Mixed-Use Building Near Jewel
For Sale
$6,500,000
7001 Jewel Lake Road, Anchorage, AK 99502
40,675 SF mixed-use building with high visibility.
Property Size40,675 SF
Price / SF$159.80
Days on Market222
Property Features for 7001 Jewel Lake Road
General Information
Standard status
Active
Size
40,675 SF
Zoning
B1A - Local/Neighborhood Business
Building Details
Year Built
1968
Listing Agency:
Bond Filipenko Commercial Properties, LLC
(907) 283-3883
Listed By:
Mossy Oak Properties of Alaska · License #16113
(907) 283-3883
Source:
Alaskalandguide.idxbroker
Added: Jan 13
Changed: Aug 23
Last Checked: Aug 22 at 9:43AM
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 Bond Filipenko Commercial Properties, LLC
Investment Insights
Based on property information with market context.
A 40,675 square foot mixed-use office and retail building is available for sale. Located just off Jewel Lake, the property benefits from high traffic counts and offers outstanding visibility. The building, previously occupied by an insurance company, is suited for a single user. It can also be divided into multiple units to accommodate various tenants or business needs.
Key Highlights
- Outstanding visibility due to location just off Jewel Lake.
- High traffic counts, beneficial for retail or office use.
- 40,675 SF mixed‑use office/retail building.
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
$510,065
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
7.85%
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%
$10,201,300
$10.2M
Cap Rate 7%
$7,286,643
$7.3M
Cap Rate 9%
$5,667,389
$5.7M
Market Conditions
NOI Build-Up for 40,675 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
$927.4K $22.80/SF
− Vacancy
−$111.3K −$2.74/SF
EGI
$816.1K $20.06/SF
− OpEx
−$306.0K −$7.52/SF
NOI
$510.1K $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 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%
$10,201,300
Cap Rate 7%
$7,286,643
Cap Rate 9%
$5,667,389
Alternative Uses
Best Use
Retail
$9.79M
$8.57M – $11.42M
NOI $685,219 @ 7.0% cap · market cap 10.54%
Second Best
Mixed Use
$7.29M
$6.38M – $8.50M
NOI $510,065 @ 7.0% cap · market cap 7.85%
Theoretical Best
Specialty Retail
$11.04M
$9.66M – $12.89M
NOI $773,150 @ 7.0% cap · market cap 11.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Demographics for 99502, AK
24,183
Population
9,931
Households
2.4
Avg Household Size
37
Median Age
37%
College-Educated
96%
High-School Grad
17.6 sq mi
ZIP Area
1,374
Density / Sq Mi
$118,494
Median Household Income
$56,190
Median Earnings
$1,661
Median Rent
$408,000
Median Home Value
Market
Vacancy Rate% for Retail 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?
Mixed-use property - 40,675 SF mixed-use building with high visibility.
Where is this mixed-use property located?
The property is located at 7001 Jewel Lake Road Anchorage, AK.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Outstanding visibility due to location just off Jewel Lake.; High traffic counts, beneficial for retail or office use.; 40,675 SF mixed‑use office/retail building.
