Downtown Cottage Style Office
For Sale
$449,900
841 I St, Anchorage, AK 99501
Cottage-style office near park strip, suitable for small professional office.
Property Size1,344 SF
Price / SF$334.75
Days on Market255
Property Features for 841 I St
General Information
Standard status
Active
Size
1,344 SF
Building Details
Year Built
1941
Listing Agency:
Real Broker Alaska
Listed By:
Gary Cox · License #18039
(907) 727-4279
Source:
Kachemakgrouprealestate
Added: Jan 26
Changed: Oct 2
Last Checked: Oct 7 at 1:07PM
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 Real Broker Alaska
Investment Insights
Based on property information with market context.
This cottage-style house is located in downtown, near a park strip. It is suitable for a small professional office user seeking downtown space or for a valley commuter. The property has a prominent location on I Street, directly across from the NANA building and within walking distance of the Nesbitt courthouse. The property includes 3 parking spaces. The interior features hardwood flooring, ample windows, and mature landscaping, creating a pleasant ambiance.
Key Highlights
- Prominent downtown location directly across from NANA building and walking distance to Nesbitt courthouse.
- Perfect for small professional office or valley commuter.
- Includes 3 parking spaces.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,511
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$330,220
$330.2K
Cap Rate 7%
$235,871
$235.9K
Cap Rate 9%
$183,456
$183.5K
Market Conditions
NOI Build-Up for 1,344 SF
Gross rent
$28.2K $21.00/SF
− Vacancy
−$6.2K −$4.62/SF
EGI
$22.0K $16.38/SF
− OpEx
−$5.5K −$4.10/SF
NOI
$16.5K $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%
$330,220
Cap Rate 7%
$235,871
Cap Rate 9%
$183,456
Alternative Uses
Best Use
Office B
$235.9K
$206.4K – $275.2K
NOI $16,511 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$365.0K
$319.3K – $425.8K
NOI $25,547 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Cottage-style office near park strip, suitable for small professional office.
Where is this office units located?
The property is located at 841 I St Anchorage, AK.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Prominent downtown location directly across from NANA building and walking distance to Nesbitt courthouse.; Perfect for small professional office or valley commuter.; Includes 3 parking spaces.
