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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2701 Gambell St Anchorage, AK 99503

    • Office buildings
    • 49,552 SF
    • 0.69 lot acres
    For Lease
    View listing
    $33 SF/Yr
    Value Estimations
    $1,670,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US02-0101584
    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

    • Norton Sound Seafood Products / Take-out & Catering / Fish Market
    • Siu Alaska Corporation / Association / Organization
    • Norton Sound Economic Development / Charitable Organization / Social Service Agency
    • Three Cedars / Contractor / Apartment Building
    • Solara Laser Center / Spa & Massage Center / Alternative Medicine Practice

    Property Details for 2701 Gambell St

    Year built
    2011
    Lot size
    0.69 lot acres
    Property size
    49,552 SF
    Zone code
    B3 GENERAL BUSINESS
    Property type
    Office buildings
    APN
    009-016-93-000
    APU
    901693000

    Description

    This exceptional Class A office building at 2701 Gambell Street offers 64,658 square feet of prime executive office space in Anchorage's vibrant Midtown area. The building boasts six stories and features multiple tenancy options, with spaces ranging from a minimum of 4,986 square feet to a maximum contiguous space of 11,698 square feet. Currently, there are 24,661 square feet of vacant space available, providing excellent opportunities for businesses of various sizes. The building is zoned B3 - General Business, ensuring flexibility for a wide range of commercial uses. Amenities include a heated parking garage, providing ample surface parking for tenants and visitors. The core build-out is thoughtfully designed and includes valuable features such as showers, ample storage space, and dedicated server rooms equipped with supplemental cooling systems. Enjoy breathtaking views of the Chugach Mountains and Anchorage Bowl from this prestigious location. This is a rare opportunity to secure high-quality office space in a desirable Midtown location with exceptional amenities. The building's modern design and convenient features make it an ideal choice for businesses seeking a productive and comfortable work environment. Contact us today to learn more about the available spaces and schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,040,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,297,000
      Market price range: $1.75M - $5.20M

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

    Location Insight

    • Map
    • Local Demand
    City
    Anchorage
    County
    Anchorage
    State
    Alaska
    Longitude
    -149.87
    Latitude
    61.1963
    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
    $78,045
    $558,600
    $4,024,200
    $4,582,800
    -
    $558,600
    $4,024,200
    $4,582,800

    Comparable in this City

    • Value Estimation by Request

      2600 Cordova St Ste, Unit 205

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      2600 Cordova St Ste, Anchorage, AK 99503-2745
      View Details
    • Value Estimation
      $660,000
      7,979 SF

      517 Northern Lgts Blvd

      OFFICE BUILDING (MULTI-STORY) • 7,979 SF
      517 Northern Lgts Blvd, Anchorage, AK 99503-2503
      View Details
    • Value Estimation
      $3,330,000
      69,544 SF

      1011 Tudor Rd

      OFFICE BUILDING (MULTI-STORY) • 69,544 SF
      1011 Tudor Rd, Anchorage, AK 99503-6103
      View Details
    • Value Estimation
      $920,000
      27,386 SF

      999 Tudor Rd

      OFFICE BUILDING (MULTI-STORY) • 27,386 SF
      999 Tudor Rd, Anchorage, AK 99503-6123
      View Details
    • Value Estimation
      $1,520,000
      29,137 SF

      360 Benson Blvd

      OFFICE BUILDING (MULTI-STORY) • 29,137 SF
      360 Benson Blvd, Anchorage, AK 99503-3953
      View Details
    • Value Estimation
      $8,920,000
      89,456 SF

      3301 C St

      OFFICE BUILDING (MULTI-STORY) • 89,456 SF
      3301 C St, Anchorage, AK 99503-3941
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $2 SF/Yr

      Class A Office Building

      Class A office building in Midtown Anchorage with modern amenities.
      3601 C St, Anchorage, AK 99503
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    • $1.95 SF/Yr

      Midtown Office Building For Rent

      Midtown office building with on-site parking and property management.
      2525 Gambell St, Anchorage, AK 99503
      View Details
    • $2 SF/Yr

      Class A Office Space Available

      Highly visible Midtown Anchorage office building with flexible floor plans.
      101 W Benson Blvd, Anchorage, AK 99503
      View Details
    • $2 SF/Yr

      Class A Office Space Available

      Highly visible Midtown Anchorage Class A office building for rent.
      101 W Benson Blvd, Anchorage, AK 99503
      View Details
    • $2 SF/Yr

      Class A Office Building

      Class A office space in Midtown Anchorage with modern amenities.
      3601 C St, Anchorage, AK 99503
      View Details
    • $2 SF/Yr

      Class-A Office Building For Rent

      Class-A office building with modern decor and convenient midtown location.
      3000 C St, Anchorage, AK 99503
      View Details
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    2701 Gambell St
    Anchorage, AK 99503
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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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