Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1117 35th Ave Anchorage, AK 99508-4258

    • Office buildings
    • 10,936 SF
    • 0.60 lot acres
    OFF-MARKET
    Value Estimations
    $1,345,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US02-0091230
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Alaska Jewish Gala / Church / Mosque
    • Gan Yeladim Early Learning Center / High School / Daycare Center
    • Congregation Shomrei Ohr-Lubavitch / Synagogue
    • Lubavitch Jewish Center of Alaska / Church / Mosque

    Property Details for 1117 35th Ave

    Year built
    1986
    Lot size
    0.60 lot acres
    Property size
    10,936 SF
    Zone code
    RO RES OFFICE
    Property type
    Office buildings
    APN
    003-232-37-000
    APU
    323237000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,238,000
      Market price range: $350k - $2.41M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,155,000
      Current use
      COMMERCIAL (GENERAL)
      $1,480,000
      Change: +28% Conversion: Easy
      RETAIL STORES
      $1,080,000
      Change: -7% Conversion: Moderate
      MEDICAL BUILDING
      $1,075,000
      Change: -7% Conversion: Easy
      RESTAURANT
      $1,050,000
      Change: -9% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Anchorage
    County
    Anchorage
    State
    Alaska
    Longitude
    -149.861
    Latitude
    61.1897
    CBSA code
    11260
    CBSA name
    ANCHORAGE, AK METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $28,384
    $445,200
    $1,221,500
    $1,666,700
    -
    $445,200
    $1,221,500
    $1,666,700

    Comparable in this City

    • Value Estimation
      $8,715,000
      50,599 SF

      4115 Ambassador Dr

      OFFICE BUILDING (MULTI-STORY) • 50,599 SF
      4115 Ambassador Dr, Anchorage, AK 99508-5928
      View Details
    • Value Estimation
      $5,415,000
      45,320 SF

      Anchorage, AK 99508

      OFFICE BUILDING (MULTI-STORY) • 45,320 SF
      Anchorage, AK 99508
      View Details
    • Value Estimation
      $600,000
      7,760 SF

      3401 42nd Ave

      OFFICE BUILDING (MULTI-STORY) • 7,760 SF
      3401 42nd Ave, Anchorage, AK 99508-5458
      View Details
    • Value Estimation by Request
      1,300 SF

      1221 35th Ave

      OFFICE BUILDING (MULTI-STORY) • 1,300 SF
      1221 35th Ave, Anchorage, AK 99508-4258
      View Details
    • Value Estimation
      $2,435,000
      13,750 SF

      2600 Debarr Rd

      OFFICE BUILDING (MULTI-STORY) • 13,750 SF
      2600 Debarr Rd, Anchorage, AK 99508-2930
      View Details
    • Value Estimation
      $4,410,000
      36,012 SF

      4141 Ambassador Dr

      OFFICE BUILDING (MULTI-STORY) • 36,012 SF
      4141 Ambassador Dr, Anchorage, AK 99508-5928
      View Details

    Similar Nearby for Sale

    • $2,250,000
      4,824 SF

      Anchorage Medical Office Building

      Vacant Medical Office, High Visibility
      3606 Rhone Cir, Anchorage, AK 99508
      View Details
    • Contact for pricing

      Medical Building Investment Opportunity

      3,726 SF medical building for sale with existing tenant.
      4119 Laurel St, Anchorage, AK 99508
      View Details
    • $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
    • New
      $390,000
      Pending

      Anchorage Ranch-Style Duplex For Sale

      Ranch-style duplex with fireplaces, generous yard, and income potential.
      5013 Marlowe Ave, Anchorage, AK 99508
      View Details
    • $499,000
      5,304 SF

      Anchorage Retail Investment Opportunity

      Fully Leased, High-Yield Retail Property
      3952 Mountain View Dr, Anchorage, AK 99508
      View Details
    • Contact for pricing

      Anchorage Commercial Investment Property For Sale

      Fully leased 3-unit commercial property with value-add opportunity.
      3952 Mountain View Dr, Anchorage, AK 99508
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Professional Office Building For Lease

      Five-story office building near Midtown, East Anchorage, and UMED district.
      Ste-200-1835 Bragaw St, Anchorage, AK 99508
      View Details
    • $30 SF/Yr
      77,891 SF

      Bragaw Office Center: Anchorage A-Class Space

      Anchorage Office Space: 17,506 sq ft available.
      1835 Bragaw St, Anchorage, AK 99508
      View Details
    • Contact for pricing

      Medical/Office Condominium in U-Med District

      Medical/office condominium for lease in the heart of U-Med district.
      2401 E 42Nd Ave, Anchorage, AK 99508
      View Details
    • Contact for pricing

      Anchorage Medical Office Space Available

      Medical office suite featuring a private lobby and multiple exam rooms.
      4100 Lake Otis Pkwy, Anchorage, AK 99508
      View Details
    • Contact for pricing

      Medical Office Space For Lease

      6,010 SF medical office space available for lease.
      2925 Debarr Rd, Anchorage, AK 99508
      View Details
    • Contact for pricing

      Class A Office Space Available

      First floor office space in East Anchorage, minutes from Midtown.
      1835 Bragaw St, Anchorage, AK 99508
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1117 35th Ave
    Anchorage, AK 99508-4258
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.