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Property profile & analytics
OFF-MARKET
Warehouses

7216 Lk Otis Pkwy Anchorage, AK 99507-2740

3,024 SF 0.34 ac lot Built 2001
Individually Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US02-0372930
Property summary
AI-generated overview

This 3,024 square foot commercial property, situated at 7216 Lake Otis Parkway in Anchorage, Alaska, presents a compelling investment opportunity. Located just south of Dowling Road on Lake Otis Parkway, the property benefits from high vehicular traffic, ensuring excellent visibility and accessibility for any business. The 0.34-acre lot provides ample parking, a significant advantage in a busy commercial area. The building's versatility allows for a wide range of potential uses, making it an ideal choice for entrepreneurs and established businesses alike. A key feature is the recently installed new roof by Chinook Roofing, eliminating immediate roof replacement costs and providing peace of mind for years to come. The property's prime location and substantial parking make it a highly attractive option for businesses seeking a strong presence in a high-traffic area of Anchorage. The asking price of $850,000 reflects the property's excellent location, recent improvements, and considerable potential. Serious inquiries are encouraged to explore the possibilities this property offers. Further details regarding zoning and permitted uses are available upon request. This is a rare opportunity to acquire a well-located commercial property in a thriving Anchorage market.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2001
Construction STEEL FRAME
Total area 3,024 SF
Lot 0.34 ac (15,000 SF)
Zoning code B3 GENERAL BUSINESS
APN 014-131-02-000
UPID US02-0372930
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
  • TNT Sports & Logowear (Bike/Boat/Book/etc) Store Printing Service
  • Trophy Shop (Bike/Boat/Book/etc) Store
  • The Team Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Hyon Yun · 3 yrs held
Hyon Yun
since 2023
7 recorded transactions
2023
Price N/A
2018
Price N/A
2018
Price N/A
2017
Price N/A
2007
Price N/A
1999
Price N/A
1969
Price N/A
Zoning & alternative use
B3 GENERAL BUSINESS · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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