Mixed-Use Building Near Jewel
For Sale
$6,500,000
7001 Jewel Lake Rd, Anchorage, AK 99502
40,675 SF mixed-use building with high visibility.
Property Size40,675 SF
Price / SF$159.80
Days on Market267
Property Features for 7001 Jewel Lake Rd
General Information
Standard status
Active
Size
40,675 SF
Building Details
Year Built
1968
Listing Agency:
Bond Filipenko Commercial Properties, LLC
Listed By:
Mark Filipenko · License #16113
(907) 792-5555
Source:
Sellingalaskaco
Added: Jan 13
Changed: Sep 23
Last Checked: Oct 7 at 4:29PM
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 / Yr
$510,065
Cap Rate
7.85%
Suggested Prices Based on Cap Rates
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
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 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
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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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 Rd 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.
