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    1920 W Dimond Blvd Anchorage, AK 99515
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    Property profile & analytics

    1920 W Dimond Blvd, Anchorage, AK 99515

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    • Strip malls
    • 145,748 SF
    • 9.76 lot acres
    For Lease
    $13 SF/Yr
    View Listing →
    South Anchorage Retail/Warehouse Space For Lease
    $13 SF/Yr

    South Anchorage Retail/Warehouse Space

    Retail and warehouse spaces available in South Anchorage location.

    1920 W Dimond Blvd, Anchorage, AK 99515
    View Listing
    Property ID
    US02-0117340
    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.
    Value Estimations
    $2,225,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bayshore Mall / Shopping Center & Mall
    • Burlington / Children'S Clothing Store / Home Goods Store
    • Planet Fitness / Gym & Fitness Center
    • Crosspoint Community Church - Food Distribution Center / Food Bank / Charitable Organization
    • Florcraft Carpet One Floor & Home / Carpet & Flooring Store / Hardware & Home Improvement

    Property Details for 1920 W Dimond Blvd

    Year built
    1984
    Lot size
    9.76 lot acres
    Zone code
    B3 GENERAL BUSINESS
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    012-391-24-000
    APU
    1239124000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,335,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,108,000
      Market price range: $3.11M - $7.59M

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

    Location Insight

    • Map
    • Local Demand
    City
    Anchorage
    County
    Anchorage
    State
    Alaska
    Longitude
    -149.916
    Latitude
    61.1366
    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
    $110,293
    $5,509,600
    $966,800
    $6,476,400
    -
    $5,509,600
    $966,800
    $6,476,400

    Comparable in this City

    • Value Estimation
      $635,000
      13,769 SF

      2203 Dimond Blvd

      SHOPPING CENTER, STRIP CENTER
      2203 Dimond Blvd, Anchorage, AK 99515-4517
      View Details
    • Value Estimation
      $580,000
      10,860 SF

      11108 Old Seward Hwy

      SHOPPING CENTER, STRIP CENTER
      11108 Old Seward Hwy, Anchorage, AK 99515-3087
      View Details
    • Value Estimation
      $1,650,000
      47,358 SF

      901 Dimond Blvd

      SHOPPING CENTER, STRIP CENTER
      901 Dimond Blvd, Anchorage, AK 99515-2028
      View Details
    • Value Estimation
      $805,000
      22,700 SF

      1320 Huffman Park Dr

      SHOPPING CENTER, STRIP CENTER
      1320 Huffman Park Dr, Anchorage, AK 99515-4326
      View Details
    • Value Estimation by Request
      9,466 SF

      9900 Old Seward Hwy

      SHOPPING CENTER, STRIP CENTER
      9900 Old Seward Hwy, Anchorage, AK 99515-2249
      View Details
    • Value Estimation
      $2,200,000
      53,803 SF

      1501 Huffman Rd

      SHOPPING CENTER, STRIP CENTER
      1501 Huffman Rd, Anchorage, AK 99515-3596
      View Details

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      Walgreens on Dimond Boulevard

      Anchorage Walgreens with absolute net lease and drive-thru.
      2197 Dimond Blvd, Anchorage, AK 99515
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    • $89,000
      1.18 Acres

      Anchorage Land Parcel For Sale

      Five adjacent lots totaling 1.18 acres in South Anchorage.
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      Anchorage Multifamily Property with Large Lot

      Southside Anchorage multifamily property with potential for Airbnb.
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      Southside Anchorage Quadplex For Sale

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    Similar Nearby for Lease

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      Anchorage Retail Power Center Space

      Retail space available in South Anchorage power center.
      7-601 E Dimond Blvd, Anchorage, AK 99515
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      South Anchorage Retail/Warehouse Space

      Retail and warehouse spaces available in South Anchorage location.
      1920 W Dimond Blvd, Anchorage, AK 99515
      View Details
    • Contact for pricing

      Office/Retail Suite at O'Malley Center

      South-facing office/retail suite with high visibility and ample parking.
      C-10950 Omalley Centre Dr, Anchorage, AK 99515
      View Details
    • Contact for pricing

      Retail/Office Space with Highway Exposure

      Sublease opportunity with parking, signage, and highway access.
      9200 Old Seward Hwy, Anchorage, AK 99515
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      Retail Space with Storage

      Retail unit featuring storage, kitchenette, and bathroom facilities.
      9191 Old Seward Hwy, Anchorage, AK 99515
      View Details
    • Contact for pricing

      Restaurant Space on Dimond Boulevard

      Restaurant-ready space with high visibility and pre-approved use.
      611 W Dimond Blvd, Anchorage, AK 99515
      View Details
    View Listing
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    Anchorage, AK 99515
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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
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