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    2421 E Tudor Rd Anchorage, AK 99508
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    Property profile & analytics

    2421 E Tudor Rd, Anchorage, AK 99508

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    • Medical Office Space
    • 16,704 SF
    • 1.78 lot acres
    For Lease
    $25 SF/Yr
    View Listing →
    Anchorage Office Space For Rent For Lease
    $25 SF/Yr

    Anchorage Office Space For Rent

    Prime U-Med location with high visibility and traffic.

    2421 E Tudor Rd, Anchorage, AK 99508
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    Property ID
    US02-0116909
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Glacier Dental / Dental Office
    • Dr. Joshua J. Jeon, DDS / Dental Office
    • Sleep Centers of Alaska / Medical Clinic
    • Starbucks / Cafe & Coffee Shop
    • Access2care / Medical Clinic

    Property Details for 2421 E Tudor Rd

    Year built
    1979
    Construction
    WOOD FRAME
    Lot size
    1.78 lot acres
    Zone code
    B3 GENERAL BUSINESS
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    008-033-65-000
    APU
    803365000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 30, 2019 — Roger Curry Properties LLC Curry Property & Management LP Quit Claim Deed · related $3.4M · Miscellaneous Ins Co
    Oct 14, 2010 — Larson Novella S Trust Of 2000 Anchorage Quit Claim Deed · related —
    Oct 1, 2007 — Larson Novella S Trust Of 2000 Larson,robert C & Novella S Quit Claim Deed · related —
    — — Lake Otis Holdings LLC — Deed Of Trust · related $7M · First Internet Bk/in
    — — Larson Novella S Trust — Deed Of Trust · related $2.1M · First National Bank Alaska
    — — Robert C Larson — Deed Of Trust · related $250k · First National Bank Alaska

    Description

    This exceptional Anchorage, Alaska office building, located at 2421 E Tudor Rd, 99508, offers a diverse range of spaces ideal for medical, executive, or traditional office uses. The property, classified as a Class B building, comprises a single, two-story structure totaling 16,704 square feet. Currently, multiple tenancies are available, with at least two ground-floor suites immediately available. Each suite offers high visibility and excellent traffic flow due to its prime location on busy E. Tudor Road, adjacent to a Walgreens. Specifically, Suite 106 and Suite 105, each measuring 1,608 square feet, are available for lease. These suites are situated near the intersection of Lake Otis Parkway and E. Tudor Road, ensuring high visibility and accessibility. The lease rate for these suites is $2.25 per square foot, plus pro-rata shares of property taxes, insurance, and gas. Note that Suite 105 can be combined with Suite 106 to create a larger space. This property presents a unique opportunity for businesses seeking a prominent location in a thriving Anchorage commercial district. The building is situated in Anchorage County, Alaska.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,365,000
      Current use
      AUTO REPAIR, GARAGE
      $1,335,000
      Change: -2% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,265,000
      Change: -7% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Anchorage
    County
    Anchorage
    State
    Alaska
    Longitude
    -149.836
    Latitude
    61.1814
    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
    $51,749
    $1,514,200
    $1,524,500
    $3,038,700
    -
    $1,514,200
    $1,524,500
    $3,038,700

    Comparable in this City

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      $545,000
      5,835 SF

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      MEDICAL BUILDING
      2105 88th Ave, Anchorage, AK 99507-3805
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    • Value Estimation
      $990,000
      16,320 SF

      9138 Arlon St

      MEDICAL BUILDING
      9138 Arlon St, Anchorage, AK 99507-3876
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    • Value Estimation
      $1,735,000
      24,671 SF

      2665 Tudor Rd

      MEDICAL BUILDING
      2665 Tudor Rd, Anchorage, AK 99507-1144
      View Details
    • Value Estimation
      $885,000
      12,104 SF

      9350 Independence Dr

      MEDICAL BUILDING
      9350 Independence Dr, Anchorage, AK 99507-4613
      View Details
    • Value Estimation
      $3,040,000
      24,084 SF

      1917 Abbott Rd

      MEDICAL BUILDING
      1917 Abbott Rd, Anchorage, AK 99507-3449
      View Details
    • Value Estimation
      $1,505,000
      45,303 SF

      Anchorage, AK 99507

      MEDICAL BUILDING
      Anchorage, AK 99507
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Anchorage Office Building on Tudor

      Well-maintained office building with high visibility and traffic counts.
      1563 E Tudor Rd, Anchorage, AK 99507
      View Details
    • $450,000
      1.85 Acres

      Anchorage Land Package For Sale

      Nine residential lots totaling 1.85 acres in Anchorage, Alaska.
      E 74Th Ave, Anchorage, AK 99507
      View Details
    • Contact for pricing
      Pending

      Anchorage Commercial Property For Sale

      Commercial property available for purchase in Anchorage, Alaska.
      2240 Cinnabar Loop, Anchorage, AK 99507
      View Details
    • Contact for pricing
      2,599 SF

      Freestanding Commercial Building on Abbott

      Freestanding commercial building in South Anchorage with prime frontage.
      1975 Abbott Rd, Anchorage, AK 99507
      View Details
    • $649,000
      1,584 SF

      Anchorage Office Building - Tudor Road

      Prime Anchorage Office, High Visibility, 1584 sq ft
      1563 Tudor Rd, Anchorage, AK 99507
      View Details
    • $230,000
      1.57 Acres

      Anchorage Land with Panoramic Views

      Rare 1.57-acre lot with views and level terrain.
      Nhn Montagne Cir, Anchorage, AK 99507
      View Details
    View Listing
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    Anchorage, AK 99508
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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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