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Property profile & analytics
FOR SALE
Office buildings
201 E 56Th Ave, Anchorage, AK 99518
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US02-0132239
For Sale
1 / 57
$5,500,000
201 E 56Th Ave, Anchorage, AK 99518
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Property summary
AI-generated overview
This exceptional three-story commercial property, located at 201 E 56th Ave, Anchorage, AK 99518, presents a unique investment opportunity. The 38,371 square foot building sits on a substantial 74,800 square foot lot and is zoned I-1. Built in 1983, the property features a blend of office and warehouse space, totaling 34,040 square feet of office space and 4,331 square feet of warehouse space. The current tenant occupies the entire facility under an absolute NNN lease, eliminating landlord maintenance responsibilities. This provides a strong passive income stream for investors, while also offering the flexibility for a potential owner-user to occupy a portion or all of the space. The property boasts 93 parking spaces and is situated in Anchorage's Midtown industrial district. The asking price is $7,000,000, translating to $182.43 per square foot. Further details are available upon request. A non-disclosure agreement is required for access to additional information.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1983
Construction
WOOD FRAME
Total area
34,455 SF
Lot
1.72 ac (74,923 SF)
Zoning code
I1 LIGHT INDUSTRIAL
APN
009-242-29-000
UPID
US02-0132239
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
-
Alaska Telecom Association Association / Organization
-
TelAlaska, Inc. Telecommunications Service Data Center
-
Mukluk Telephone Co Telecommunications Service
-
Quintillion Global Telecommunications Service
-
Webdesign Marketing & Advertising (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.79M
Blend (final)
Blend
$1.42M
Owner & transaction history
Industrial Lease III Propco Ll · 8 yrs held
Industrial Lease III Propco Ll
since 2017
7 recorded transactions
Zoning & alternative use
I1 LIGHT INDUSTRIAL · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Anchorage submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Anchorage submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$1,035,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,240,000
Current use
RETAIL STORES
$2,215,000
Change: -1% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,940,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.42M
Range $1.27M – $1.56M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$41 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$70,503
Tax year 2023
Assessed value
$4,139,900
Assessed 2023
Previous assessed
$4,139,900
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$913,300
Assessed improvement
$3,226,600
Land market value
$913,300
Improvement market value
$3,226,600
Total market value
$4,139,900
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Sale
Year built
1983
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
NONE
Stories
3
Total area
34,455 SF
Lot
1.72 ac (74,923 SF)
Zoning code
I1 LIGHT INDUSTRIAL
APN
009-242-29-000
UPID
US02-0132239
Jurisdiction
ANCHORAGE
Zoning & alternative use
I1 LIGHT INDUSTRIAL · Anchorage, AK
Zoning I1 LIGHT INDUSTRIAL · permitted uses
I1 LIGHT INDUSTRIAL · Anchorage, AK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Anchorage. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.2M
RETAIL STORES
Est. value
$2.2M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
OFFICE BUILDING Current
RETAIL STORES
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1983
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
1.72 ac
Current owner
From public records · entity-resolved
Industrial Lease III Propco Ll
Individual
Mailing address
11755 WILSHIRE BLVD STE #1350, LOS ANGELES, CA 90025-1540
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2022
—
Industrial Lease 111 Propco LLC
—
Deed
related
$55,590,000 · Natixis Real Estate Capital LLC
Dec 29, 2017
—
Industrial Lease III Propco Ll
Nl Ventures Ix East 56th Avenu
Trustees Deed
$101,530,000 · Natixis R/e Cap
Jul 24, 2013
—
Nl Ventures Ix East 56th Avenu
Telecommunication Systems & Sv
Grant Deed
related
—
Mar 11, 2013
—
Nl Ventures Ix East 56th Avenu
—
Deed Of Trust
related
$120,000,000 · Bmo Harris Bank
Feb 1, 2013
—
Nl Ventures Ix East 56th Avenu
Telco Properties INC
Grant Deed
related
—
Jul 31, 2008
—
Telco Properties INC
—
Deed Of Trust
related
$20,000,000 · Cobank Acb
—
—
Nl Ventures Ix East 56th Avenu
—
Loan Modification
related
$150,000,000 · Bmo Harris Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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