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    4245 Lake Otis Pkwy Anchorage, AK 99508

    • Land
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 4245 Lake Otis Pkwy

    Property type
    Land

    Description

    This exceptional .53-acre commercial land parcel, located at 4245 Lake Otis Parkway in Anchorage, Alaska, presents a prime development opportunity. Zoned RO (Residential Office), this property offers significant potential for various commercial ventures. The lot encompasses 23,041 square feet and enjoys convenient access from Lake Otis Parkway, a key thoroughfare. This site is situated within the desirable U-MED District, providing excellent visibility and accessibility. The property is being offered at $582,791. An adjacent parcel at 4246 Laurel Street, comprising approximately 1.15 acres, is also available for purchase as a combined package for $1,649,967. Prospective buyers are responsible for conducting their own due diligence to ensure the property's suitability for their intended use. Surveys of the property are readily available upon request. The property's zip code is 99508. This is a rare opportunity to acquire land in a thriving Anchorage location.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Anchorage
    County
    Anchorage
    State
    Alaska
    Longitude
    -149.837
    Latitude
    61.1819

    Comparable in this City

    • Value Estimation by Request

      4246 Laurel St

      Land
      4246 Laurel St, Anchorage, AK 99508
      View Details
    • Value Estimation by Request
      1.36 Acres

      4165 Tudor Ctr Dr

      VACANT COMMERCIAL LAND • 1.36 Acres
      4165 Tudor Ctr Dr, Anchorage, AK 99508-5902
      View Details
    • Value Estimation by Request
      2.06 Acres

      3976 University Lk Dr

      VACANT COMMERCIAL LAND • 2.06 Acres
      3976 University Lk Dr, Anchorage, AK 99508-4638
      View Details
    • Value Estimation by Request
      0.16 Acres

      Anchorage, AK 99508

      VACANT COMMERCIAL LAND • 0.16 Acres
      Anchorage, AK 99508
      View Details
    • Value Estimation by Request
      0.18 Acres

      Anchorage, AK 99508

      VACANT COMMERCIAL LAND • 0.18 Acres
      Anchorage, AK 99508
      View Details
    • Value Estimation by Request
      5.18 Acres

      Anchorage, AK 99508

      VACANT COMMERCIAL LAND • 5.18 Acres
      Anchorage, AK 99508
      View Details

    Similar Nearby for Sale

    • $1,121,176

      Anchorage Commercial Land - U-MED District

      1.12 Acres, R-O Zoning, Development Opportunity
      4246 Laurel St, Anchorage, AK 99508
      View Details
    • $499,000
      5,304 SF

      Anchorage Retail Investment Opportunity

      Fully Leased, High-Yield Retail Property
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      4,824 SF

      Anchorage Medical Office Building

      Vacant Medical Office, High Visibility
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      Anchorage Office Building For Lease

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      Prominently located office building with branding opportunity for tenant.
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    4245 Lake Otis Pkwy
    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
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