B3-Zoned Mixed-Use
For Sale
Contact for pricing
900 West Fireweed Lane, Anchorage, AK 99503
The established site includes a 1956 building in Midtown / West Anchorage.
Property Size27,821 SF
Price / SF$168.94
Days on Market55
Property Features for 900 West Fireweed Lane
General Information
Standard status
Active
Size
27,821 SF
Class
C
Property subtype
Office, Land
Zoning
B3
Investment Type
Sale/Leaseback
Building Details
Year Built
1956
Tenancy
Multi
Listing Agency:
Commercial Division of Berkshire Hathaway HomeServices Alaska Realty
Listed By:
Michael James · License #AK.15758
(907) 646-3600
Source:
Crexi
Added: Aug 26
Changed: Oct 5
Last Checked: Oct 16 at 9:34AM
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 Commercial Division of Berkshire Hathaway HomeServices Alaska Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property is located at 900 West Fireweed Lane in Anchorage’s Midtown / West Anchorage area. The site includes a building constructed in 1956 and carries B3 zoning.
The property is presented in connection with a mixed-use redevelopment concept featuring retail and office space at street level with housing on upper floors. Its existing building and zoning designation provide the primary physical and land-use context for evaluating the site.
The property is presented in connection with a mixed-use redevelopment concept featuring retail and office space at street level with housing on upper floors. Its existing building and zoning designation provide the primary physical and land-use context for evaluating the site.
Key Highlights
- B3 zoning designation
- 900 West Fireweed Lane, Anchorage, AK 99503
- Building constructed in 1956
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$348,875
Cap Rate
7.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,977,500
$7.0M
Cap Rate 7%
$4,983,929
$5.0M
Cap Rate 9%
$3,876,389
$3.9M
Market Conditions
NOI Build-Up for 27,821 SF
Gross rent
$634.3K $22.80/SF
− Vacancy
−$76.1K −$2.74/SF
EGI
$558.2K $20.06/SF
− OpEx
−$209.3K −$7.52/SF
NOI
$348.9K $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%
$6,977,500
Cap Rate 7%
$4,983,929
Cap Rate 9%
$3,876,389
Alternative Uses
Best Use
Mixed Use
$4.98M
$4.36M – $5.81M
NOI $348,875 @ 7.0% cap · market cap 7.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.55M
$6.61M – $8.81M
NOI $528,822 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Demographics for 99503, AK
13,550
Population
7,411
Households
1.8
Avg Household Size
36
Median Age
30%
College-Educated
91%
High-School Grad
20.7 sq mi
ZIP Area
655
Density / Sq Mi
$76,888
Median Household Income
$46,734
Median Earnings
$1,185
Median Rent
$316,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The established site includes a 1956 building in Midtown / West Anchorage.
Where is this mixed-use property located?
The property is located at 900 West Fireweed Lane Anchorage, AK.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: B3 zoning designation; 900 West Fireweed Lane, Anchorage, AK 99503; Building constructed in 1956
