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Property profile & analytics
FOR SALE
Retail space

500 E Benson Blvd Anchorage, AK 99503

25,810 SF 1.69 ac lot Built 1978
Entity Owned 2-yr Hold Free & Clear
Property ID
US02-0086653
Property summary
AI-generated overview

This exceptional commercial property, located at 500 E Benson Boulevard in Anchorage, Alaska, 99503, offers a prime opportunity for businesses seeking a high-visibility location. The property is zoned B3 - General Business, allowing for a wide range of uses. The building boasts a total of 19,411 square feet of vacant, contiguous space, ideal for a single tenant or multiple tenants. Its central Midtown location provides excellent access from Benson Boulevard and Denali Street, placing it directly across from the Midtown Mall and adjacent to the Metro Mall, ensuring high foot traffic and brand visibility. The property features prominent building and monument signage opportunities, enhancing marketing and brand recognition. The suggested use is for businesses such as physical therapists, chiropractors, counseling services, or wellness centers, but the flexible zoning allows for various other commercial ventures. The lease rate is $1.50 per rentable square foot, plus charges for electricity, common area maintenance (CAM), and pass-through costs above the base year for taxes and insurance. This property presents a unique chance to establish a thriving business in a highly desirable and accessible Anchorage location. The latitude and longitude coordinates are 61.1927912 and -149.8749159 respectively.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1978
Total area 25,810 SF
Lot 1.69 ac (73,616 SF)
Zoning code B3 GENERAL BUSINESS
APN 009-043-33-000
UPID US02-0086653
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
  • Anodyne Pain & Wellness Solutions of Anchorage Medical Clinic
  • Destiny Ingram Physician
  • Heather Bitgood Physician
  • Dr. Joel Ingersoll Alternative Medicine Practice
  • Lauren Alexandra Crone DC Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$970k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.63M
Blend (final) Blend
$1.30M
Owner & transaction history
State Of Ak Dept Of Trans & Public · 2 yrs held
State Of Ak Dept Of Trans & Public
since 2023
2 recorded transactions
2023
Price N/A
2009
Price N/A
Zoning & alternative use
B3 GENERAL BUSINESS · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $2.1M +25.9%
Apartment house (5+ units) $2.0M +16.7%
Office building $1.8M +8.2%
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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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