Technical
Financial
Distress signals
Property profile

508 2nd Ave Anchorage, AK 99501

OFF-MARKET
Office buildings
Property ID
US02-0075331
14,147 SF 0.33 ac lot Built 1965
Entity Owned 1-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1965
Construction STEEL FRAME
Total area 14,147 SF
Lot 0.33 ac (14,164 SF)
Zoning code B2C CENTRAL BUSINESS
APN 002-107-38-000
UPID US02-0075331

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Alternative Medicine Practice Spiritual Center
  • Law Firm
  • Law Firm
  • Charitable Organization Social Service Agency
  • Bed & Breakfast Restaurant

Location

508 2nd Ave Anchorage, AK 99501-2201
Anchorage metro Census 1100 ANCHORAGE, AK METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$650k
CAP Approach CAP
by Request
Comparable Approach Comparable
$886k
Blend (final) Blend
$765k

Owner & transaction history

since 2025
7 recorded transactions
2025
Price N/A
2023
$3.3M
2022
Price N/A
2019
Price N/A
2019
Price N/A
2005
Price N/A
1969
Price N/A

Zoning & alternative use

B2C CENTRAL BUSINESS · Anchorage, AK
Top alternative use upside
Restaurant $1.2M +18.5%
Medical building $1.2M +18.1%
Apartment house (5+ units) $1.1M +10.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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