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    375 36Th Ave Anchorage, AK 99503

    Sponsored
    For Sale
    $3,300,000

    Fully Leased, Midtown Anchorage Office Building

    Property size:
    19,333 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional three-story office building, located at 375 W 36th Ave in Anchorage, Alaska, presents a compelling investment opportunity. The 19,333 square foot property sits on a 43,477 square foot lot and boasts a desirable B-3 zoning classification. Built in 1974, the building is currently 100% occupied by a mix of high-quality tenants including Progressive Insurance, Labor Trust Services, and Nordic Calista. The asking price is $3,300,000, translating to $170.69 per square foot. The property offers excellent access and visibility, with ample parking (53 spaces) and prominent signage on 36th Avenue. Its Midtown Anchorage location provides convenient proximity to a variety of amenities, including restaurants, retail shops, banks, and hotels. This fully leased asset offers a strong cash flow and potential for future appreciation. Owner financing is available, subject to approval. The building features a single structure with three stories. This is a rare opportunity to acquire a well-located, fully occupied office building in a thriving Anchorage market.

    Property Features for 375 36Th Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    19,333 SF

    Building Details

    Year Built
    1974
    Buildings
    1
    Stories
    3

    HighLights

    • $3,300,000 asking price for a 19,333 SF office building.
    • Fully leased, 100% occupancy.
    • Three‑story building, 1974 construction.
    • Located at 375 W 36th Ave, Anchorage, AK 99503.
    • 53 parking spaces on a 43,477 SF lot.
    • B‑3 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Progressive Insurance - Claims ... Insurance Agency ASEA Legal Services Legal Services Alaska Laborers Trust ... Insurance Agency Southern Alaska Carpenters Labor Union Alaska Hotel, Restaurant ... Hotel

    Map

    City
    Anchorage
    County
    Anchorage Municipality
    State
    Alaska
    Longitude
    -149.8893188
    Latitude
    61.1887127

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    FAQs

    What type of property is this?
    Office Property / Space - Fully Leased, Midtown Anchorage Office Building
    Where is this office property / space located?
    The property is located at 375 36Th Ave Anchorage, AK.
    What is the asking price?
    The asking price for this property is $3,300,000.
    What are key features of this property?
    This property features: $3,300,000 asking price for a 19,333 SF office building.; Fully leased, 100% occupancy.; Three-story building, 1974 construction.
    Request Owner's contact information
    375 36Th Ave Anchorage, AK 99503
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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
    375 36Th Ave Anchorage, AK 99503
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