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    Property profile & analytics
    OFF-MARKET Estimated value $3,455,000
    Automotive properties

    1950 Gambell St, Anchorage, AK 99501-5328

    69,591 SF 6.8 ac lot Built 1974
    Entity Owned 7-yr Hold Free & Clear
    Property ID
    US02-0097953
    Property summary
    AI-generated overview

    This exceptional commercial property presents a rare investment opportunity in the heart of Midtown Anchorage. Spanning eight acres of prime real estate, this expansive site boasts a substantial 90,883 square feet of combined building area. Its strategic location offers unparalleled visibility and accessibility, situated directly adjacent to the Ben Boeke and Sullivan Arenas, ensuring high traffic and prominent exposure. The existing building and its infrastructure are meticulously maintained and in excellent condition, reflecting a commitment to consistent upkeep. Currently occupied by a long-standing tenant, Kendall Ford Dealership, this property offers a stable income stream and significant potential for future development or repositioning. The property's size and location make it ideal for a variety of commercial uses, presenting a compelling opportunity for investors seeking a high-value asset in a thriving Anchorage market. The substantial building area allows for flexibility in adapting the space to suit diverse business needs. Given the prime location and the existing infrastructure, this property represents a unique chance to acquire a significant commercial holding in a highly desirable area of Anchorage. Interested parties are encouraged to inquire for further details and to explore the possibilities this exceptional property offers. Please note that direct contact with the current tenant is not permitted.

    Property profile
    Verified
    Property type Automotive properties
    Use group VEHICLE SALES, RENTALS
    Year built 1974
    Total area 69,591 SF
    Lot 6.8 ac (296,208 SF)
    Zoning code I1 LIGHT INDUSTRIAL
    APN 002-172-16-000
    UPID US02-0097953
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Kendall Ford of Anchorage Car Dealership Auto Repair Shop
    • Kendall Ford Lincoln of Anchorage Service - Lincoln Auto Repair Shop
    • Kendall Ford Lincoln of Anchorage Lincoln Car Dealership
    • Quick Lane at Kendall Ford Lincoln of Anchorage Auto Repair Shop
    • Kendall Ford of Anchorage Service and Parts Auto Repair Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $3.46M
    Owner & transaction history
    Worthington Auto Prop LLC · 7 yrs held
    Worthington Auto Prop LLC
    since 2019
    1 recorded transaction
    2019
    Zoning & alternative use
    I1 LIGHT INDUSTRIAL · Anchorage, AK
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $5.7M +20.7%
    Medical building $5.7M +20.2%
    Apartment house (5+ units) $5.3M +12.5%
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