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    FOR LEASE
    Medical Office Space

    4361 Boniface Pkwy, Anchorage, AK 99504

    11,635 SF 1.17 ac lot Built 1980
    Entity Owned 21-yr Hold ~ Est. High Equity
    Property ID
    US02-0073168
    Property summary
    AI-generated overview

    This exceptional 11,635-square-foot executive office building, situated on a 1.17-acre lot in Anchorage, Alaska, presents a unique leasing opportunity. Built in 1980 and zoned B1A (Local/Neighborhood Business), the property is ideally located at 4361 Boniface Parkway, at the corner of Boniface Parkway and East Tudor Road. Currently vacant, the entire building is available for lease, although the owner will consider leasing a portion of approximately 7,500 square feet. The minimum leasable space is 4,135 square feet. The building's current configuration is suitable for medical office use, featuring convenient paved parking directly in front and additional parking in a neighboring lot. Its strategic location offers high visibility and proximity to key government entities, including the Alaska Department of Public Safety, the Alaska State Medical Examiners Office, and the Alaska Housing Finance Corporation. This presents an excellent opportunity for a business seeking a prominent location in Anchorage with ample space and convenient parking. The property offers significant potential for a variety of commercial uses given its zoning and location. Contact us to learn more about this exceptional property.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1980
    Construction WOOD FRAME
    Total area 11,635 SF
    Lot 1.17 ac (50,965 SF)
    Zoning code B1A
    APN 007-143-34-000
    UPID US02-0073168
    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
    • Cavaness G. Frank DDS Dental Office
    • Kristina Buck Physician
    • TIMOTHY J BUFFEY Pediatrician Physician
    • RAY DON KELLEY Pediatrician Physician
    • Empower Physical Therapy Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $590k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $935k
    Blend (final) Blend
    $765k
    Owner & transaction history
    Palmer Tower LLC · 21 yrs held
    Palmer Tower LLC
    since 2005
    3 recorded transactions
    2021
    2005
    1969
    Zoning & alternative use
    B1A · Anchorage, AK
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $1.1M +17.9%
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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