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    3952 Mountain View Dr Anchorage, AK 99508

    Sponsored
    For Sale
    $499,000

    Fully Leased, High-Yield Retail Property

    Property size:
    5,304 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5,304 square foot retail storefront investment property, located at 3952 Mountain View Dr, Anchorage, AK 99508, presents a compelling opportunity. The property boasts three fully occupied units, generating a strong income stream with 100% occupancy. Built in 1958 and extensively renovated in 2018, the building is in excellent condition. The property is zoned B3 - General Business, allowing for versatile commercial uses. The 6,250 square foot lot provides ample space. The current asking price is $499,000, representing a compelling $94.08 per square foot. The property's strong performance is reflected in its current cap rate of 10.41% and a pro-forma cap rate of 9.21%, with a pro-forma NOI of $45,948. The largest unit includes an upstairs apartment and has been occupied by a restaurant for an extended period. This multi-tenant property offers a diverse income stream and is situated in a prime Anchorage location, providing excellent accessibility and proximity to the commercial core. This is an ideal addition to any investment portfolio seeking stable returns and future appreciation potential.

    Property Features for 3952 Mountain View Dr

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,304 SF
    Class
    C

    Building Details

    Year Built/Renovated
    1958/2018
    Units
    3

    HighLights

    • 5,304 SF retail building with three occupied units.
    • Renovated in 2018.
    • B3 General Business zoning.
    • 100% occupancy, generating strong income.
    • Retail investment opportunity with diverse tenant mix.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jamico's Pizzeria Restaurant Pizza Restaurant

    Map

    City
    Anchorage
    County
    Anchorage Municipality
    State
    Alaska
    Longitude
    -149.80662568318
    Latitude
    61.22412892237

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    FAQs

    What type of property is this?
    Individual retail property - Fully Leased, High-Yield Retail Property
    Where is this individual retail property located?
    The property is located at 3952 Mountain View Dr Anchorage, AK.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: 5,304 SF retail building with three occupied units.; Renovated in 2018.; B3 General Business zoning.
    Request Owner's contact information
    3952 Mountain View Dr Anchorage, AK 99508
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    Anchorage, AK 99508
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3952 Mountain View Dr Anchorage, AK 99508
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