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    FOR LEASE
    Retail space

    443 E 4Th Ave, Anchorage, AK 99501

    15,500 SF 0.7 ac lot Built 1954
    Individually Owned ~ Est. High Equity
    Property ID
    US02-0354719
    Property summary
    AI-generated overview

    This exceptional 15,500 square foot warehouse and office building presents a significant investment opportunity in Anchorage's vibrant Downtown Commercial Business District. Situated on a 0.7-acre lot, the property boasts a robust concrete block construction, ensuring durability and longevity. The building's functionality is enhanced by four generously sized 9' x 10' overhead doors, providing ample access for loading and unloading of goods. Parking is readily available with 18 spaces conveniently located on the property. The interior layout offers a versatile space adaptable to a wide range of commercial uses, making it ideal for businesses requiring both storage and office space. The property is being sold "As-Is, Where-Is," reflecting an opportunity for buyers to customize and renovate to their specific needs. Please note that a minimum of 24 hours' notice is required for all showings to allow for proper scheduling and preparation. This prime location offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in the heart of Anchorage. The substantial size and strategic location combine to create a compelling investment opportunity with considerable upside potential. Serious inquiries only.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1954
    Total area 15,500 SF
    Lot 0.7 ac (30,485 SF)
    Zoning code B2C CENTRAL BUSINESS
    APN 002-096-72-000
    UPID US02-0354719
    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
    • KMS Food & Facilities Big Box & Wholesale Store Food Market
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $745k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.20M
    Blend (final) Blend
    $975k
    Owner & transaction history
    Jared Navarre
    Jared Navarre
    since 2025
    6 recorded transactions
    2025
    2018
    2008
    2007
    2005
    1969
    Zoning & alternative use
    B2C CENTRAL BUSINESS · Anchorage, AK
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $1.3M +14.9%
    Medical building $1.3M +14.4%
    Apartment house (5+ units) $1.2M +7.1%
    Try Rey
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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