6-Office
For Sale
$375,000
743 E 9th Ave, Anchorage, AK 99501
Bright office property with multiple rentable suites and two bathrooms.
Property Size1,600 SF
Price / SF$234.38
Days on Market118
Property Features for 743 E 9th Ave
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Commercial
Additional Details
Office Units
6
Building Details
Buildings
1
Listing Agency:
RE/MAX Dynamic Properties - Eagle River Branch
Listed By:
Audrey G Mason · License #3408
(907) 242-7777
Source:
Viewanchoragehouses
Added: Jun 12
Changed: Oct 1
Last Checked: Oct 7 at 12:42PM
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 - Eagle River Branch
Investment Insights
Based on property information with market context.
This office building includes six rentable offices and two bathrooms within a bright interior. The property is described as being in great condition and is offered for sale.
Located at 743 E 9th Ave in Anchorage, Alaska, the building provides a multi-office configuration for an owner-user or office occupancy.
Located at 743 E 9th Ave in Anchorage, Alaska, the building provides a multi-office configuration for an owner-user or office occupancy.
Key Highlights
- Six rentable offices
- Two bathrooms
- Bright interior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,656
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,120
$393.1K
Cap Rate 7%
$280,800
$280.8K
Cap Rate 9%
$218,400
$218.4K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$33.6K $21.00/SF
− Vacancy
−$7.4K −$4.62/SF
EGI
$26.2K $16.38/SF
− OpEx
−$6.6K −$4.10/SF
NOI
$19.7K $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 Rate 5%
$393,120
Cap Rate 7%
$280,800
Cap Rate 9%
$218,400
Alternative Uses
Best Use
Office B
$280.8K
$245.7K – $327.6K
NOI $19,656 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$434.5K
$380.2K – $506.9K
NOI $30,413 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Office units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Bright office property with multiple rentable suites and two bathrooms.
Where is this office building located?
The property is located at 743 E 9th Ave Anchorage, AK.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Six rentable offices; Two bathrooms; Bright interior
