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    670 W Fireweed Ln, Unit 110 Anchorage, AK 99503
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    670 W Fireweed Ln, Unit 110 Anchorage, AK 99503

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    • Office buildings
    • 35,499 SF
    • 1.43 lot acres
    For Lease
    $2 SF/Yr
    View Listing →
    Anchorage Office Space For Rent For Lease
    $2 SF/Yr

    Anchorage Office Space For Rent

    Large first-floor office space, previously used as a school.

    670 W Fireweed Ln Ste 110, Anchorage, AK 99503
    View Listing
    Property ID
    US02-0009786
    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.
    Value Estimations
    $1,565,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Easterseals Alaska / Home Health Care Service / Veterans Organization
    • Doyon Industrial Group / Construction Company / General Contractor
    • Jennifer Morton, LPC / Marriage Or Relationship Counselor / Health Counselor
    • Psychological Services Group, LLC / Physician
    • Tonie Protzman, LPC / Physician

    Property Details for 670 W Fireweed Ln

    Year built
    1972
    Lot size
    1.43 lot acres
    Property size
    35,499 SF
    Zone code
    B3 GENERAL BUSINESS
    Property type
    Office buildings
    APN
    009-025-52-000
    APU
    902552000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,255,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,876,000
      Market price range: $1.25M - $3.73M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,490,000
      Current use
      RETAIL STORES
      $2,300,000
      Change: -8% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $2,160,000
      Change: -13% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $2,000,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Anchorage
    County
    Anchorage
    State
    Alaska
    Longitude
    -149.896
    Latitude
    61.1981
    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
    $63,726
    $1,107,600
    $2,634,400
    $3,742,000
    -
    $1,107,600
    $2,634,400
    $3,742,000

    Comparable in this City

    • Value Estimation by Request

      2600 Cordova St Ste, Unit 205

      OFFICE BUILDING (MULTI-STORY)
      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

    • Contact for pricing
      19,333 SF

      Anchorage Office Building For Sale

      Three-story office building with income and owner-user potential.
      375 W 36Th Ave, Anchorage, AK 99503
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    • Contact for pricing
      26,233 SF

      Anchorage Midtown Retail Center

      Prime retail location in Midtown Anchorage with high traffic.
      500 E Benson Blvd, Anchorage, AK 99503
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    • $650,000
      15,360 SF

      Twin Office Buildings in Midtown

      Two-story office buildings with ample parking in Midtown Business District.
      3300 C St, Anchorage, AK 99503
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    • Contact for pricing

      Class A Office Building For Sale

      Class A office building with long-term national tenants available for sale.
      3350 Midtown Pl, Anchorage, AK 99503
      View Details
    • New
      $2,300,000
      12,200 SF

      Anchorage Mixed-Use Commercial Properties

      Three adjacent commercial properties totaling 30,544 SF in Anchorage, AK.
      123 E Fireweed Ln, Anchorage, AK 99503
      View Details
    • Contact for pricing

      Anchorage Office Building For Sale

      Three-story office building with income and owner-user potential.
      375 W 36Th Ave, Anchorage, AK 99503
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Midtown Office Space For Lease

      Class B office space in well-managed Midtown building.
      121 W Fireweed Ln, Anchorage, AK 99503
      View Details
    • Contact for pricing
      301,790 SF

      Class A Office Building

      Class A office building in Midtown Anchorage with modern amenities.
      3601 C St, Anchorage, AK 99503
      View Details
    • Contact for pricing

      Midtown Office Building For Rent

      Midtown office building with on-site parking and property management.
      2525 Gambell St, Anchorage, AK 99503
      View Details
    • Contact for pricing

      Midtown Class A Office Building

      Class A office spaces available in Midtown Anchorage for lease.
      2701 Gambell St, Anchorage, AK 99503
      View Details
    • Contact for pricing

      Class A Office Building

      Modern office building with on-site cafe and covered parking.
      3000 C St, Anchorage, AK 99503
      View Details
    • Contact for pricing

      Class A Office Building

      Office building in Midtown Anchorage with fitness room and plaza.
      582 E 36Th Ave, Anchorage, AK 99503
      View Details
    View Listing
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    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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