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    2701 Gambell St Anchorage, AK 99503

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    For Lease
    Contact for pricing

    Class A Office Space, Abundant Parking

    Lot size:
    64,658 SF

    Property Features for 2701 Gambell St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    64,658 SF
    Class
    A
    Total Rate
    181042.4

    Building Details

    Stories
    6

    Spaces For Lease

    at 2701 Gambell St, Anchorage, AK 99503 Contact us
    Unit Suite 200

    $33 /Mo

    Size
    11,698 SF
    Contact us
    Unit Suite 410

    $33 /Mo

    Size
    4,986 SF
    Contact us
    Unit Suite 310

    $33 /Mo

    Size
    7,977 SF
    Contact us
    Unit Available Space 5

    $33 /Mo

    Size
    24,661 SF
    Contact us

    We can help!

    Listing Contact
    Carl D. Kuhn
    Carl D. Kuhn

    Listing Agency: Jack White Commercial Listing Agent: Carl D. Kuhn

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional Class A office building at 2701 Gambell Street offers 64,658 square feet of prime executive office space in Anchorage's vibrant Midtown area. The building boasts six stories and features multiple tenancy options, with spaces ranging from a minimum of 4,986 square feet to a maximum contiguous space of 11,698 square feet. Currently, there are 24,661 square feet of vacant space available, providing excellent opportunities for businesses of various sizes. The building is zoned B3 - General Business, ensuring flexibility for a wide range of commercial uses. Amenities include a heated parking garage, providing ample surface parking for tenants and visitors. The core build-out is thoughtfully designed and includes valuable features such as showers, ample storage space, and dedicated server rooms equipped with supplemental cooling systems. Enjoy breathtaking views of the Chugach Mountains and Anchorage Bowl from this prestigious location. This is a rare opportunity to secure high-quality office space in a desirable Midtown location with exceptional amenities. The building's modern design and convenient features make it an ideal choice for businesses seeking a productive and comfortable work environment. Contact us today to learn more about the available spaces and schedule a viewing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Norton Sound Seafood ... Take-out & Catering Siu Alaska Corporation Association / Organization Norton Sound Economic ... Charitable Organization Three Cedars Apartment Building Solara Laser Center Spa & Massage Center

    Map

    City
    Anchorage
    County
    Anchorage
    State
    Alaska
    Longitude
    -149.8698662
    Latitude
    61.196239

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office Space, Abundant Parking
    Where is this office property / space located?
    The property is located at 2701 Gambell St Anchorage, AK.
    What is the lease rate?
    The lease rate is $33 SF/Yr.
    What are key features of this property?
    This property features: Class A, 6-story office building totaling 64,658 square feet.; Multiple tenancies available, with spaces ranging from 4,986 to 11,698 contiguous square feet.; 24,661 square feet of vacant space currently available.
    (907) 762-7590 Call to check price and availability
    Request Owner's contact information
    2701 Gambell St Anchorage, AK 99503
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    Anchorage, AK 99503
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2701 Gambell St Anchorage, AK 99503
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Carl D. Kuhn
    Carl D. Kuhn
    (907) 762-7590
    Learn more
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