Property profile

8103 Old Seward Hwy Anchorage, AK 99518

FOR SALE
Automotive properties
Property ID
US02-0011102
29,637 SF 0.77 ac lot Built 2016
Individually Owned 11-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class A industrial property, located at 8103 Old Seward Highway in Anchorage, Alaska, presents a unique owner-user opportunity. The 29,637 square foot building, constructed in 2016, sits on a substantial 68,880 square foot lot and boasts a 7.93% pro-forma cap rate and a $551,248 pro-forma NOI. The property features a flexible layout encompassing approximately 4,000 square feet of office space and 25,000 square feet of showroom/warehouse space, ideal for a variety of businesses. High-end features include 28-foot ceilings, in-floor radiant heat, an elevator servicing the second-floor offices offering stunning views, and state-of-the-art mechanical systems. The building is currently vacant and zoned B3. Ample paved and fenced parking is provided across multiple parcels, ensuring convenient access for employees and clients. The asking price is $6,950,000, translating to $234.50 per square foot. This prime location offers excellent visibility and accessibility within a high-traffic commercial area, making it an ideal investment for businesses seeking a prominent presence in Anchorage. The property is a single building with no ground lease.

Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 2016
Construction WOOD FRAME
Total area 29,637 SF
Lot 0.77 ac (33,600 SF)
Zoning code B3 GENERAL BUSINESS
APN 014-202-39-000
UPID US02-0011102

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
  • Car Dealership

Location

8103 Old Seward Hwy Anchorage, AK 99518
Anchorage metro Census 2502 ANCHORAGE, AK METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.51M

Owner & transaction history

since 2015
7 recorded transactions
2016
Price N/A
2015
Price N/A
2009
Price N/A
2003
Price N/A
1998
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B3 GENERAL BUSINESS · Anchorage, AK
Top alternative use upside
Medical building $2.4M +1.8%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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