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    Property profile & analytics

    9220 Lk Otis Pkwy Anchorage, AK 99507-4249

    • Strip malls
    • 19,750 SF
    • 1.29 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US02-0142629
    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.

    Current Use by Public Records

    • Galvin Susan C MD / Doctor
    • I Luv Sushi / Sushi Restaurant
    • Laktonen Alberta B MD / Dermatologist
    • Dr. Tonya Caylor / Family Practice Physician / Practitioner Service Location
    • Dr. Julie Wilson / Family Practice Physician

    Property Details for 9220 Lk Otis Pkwy

    Year built
    1984
    Construction
    WOOD FRAME
    Lot size
    1.29 lot acres
    Property size
    19,750 SF
    Zone code
    B3SL GENERAL BUSINESS
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    016-251-02-000
    APU
    1625102000

    Description

    This exceptional investment opportunity presents a 100% occupied, 19,750 square foot shopping center ideally situated at the southwest corner of Abbott Road and Lake Otis Parkway in Anchorage, Alaska. The property boasts a prime location with high visibility and significant daily traffic exceeding 25,000 vehicles. The mixed-use retail center is classified as a shopping center and sits on a substantial 55,600 square foot lot. The asking price for this lucrative investment is $6,000,000. The property's current occupancy rate of 100% speaks to the strength of its tenant base and the desirability of its location. Long-term tenants contribute to a stable and predictable income stream, making this a compelling opportunity for investors seeking a secure and high-performing asset. The property's address is 9220 Lake Otis Pkwy, Anchorage, AK 99507. This hillside strip mall offers a unique blend of accessibility and visibility, ensuring consistent foot traffic and strong tenant performance. The property's size and location make it an attractive investment for both seasoned and emerging investors in the Anchorage commercial real estate market. This is a rare opportunity to acquire a fully occupied, high-performing retail center in a thriving Alaskan market.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Anchorage
    County
    Anchorage
    State
    Alaska
    Longitude
    -149.835
    Latitude
    61.1368
    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
    $33,101
    $1,370,300
    $573,400
    $1,943,700
    -
    $1,370,300
    $573,400
    $1,943,700

    Comparable in this City

    • Value Estimation by Request
      18,265 SF

      2440 Tudor Rd

      SHOPPING CENTER, STRIP CENTER • 18,265 SF
      2440 Tudor Rd, Anchorage, AK 99507-1185
      View Details
    • Value Estimation by Request
      41,960 SF

      2207 Tudor Rd

      SHOPPING CENTER, STRIP CENTER • 41,960 SF
      2207 Tudor Rd, Anchorage, AK 99507-1069
      View Details
    • Value Estimation by Request
      20,700 SF

      6901 Tudor Rd

      SHOPPING CENTER, STRIP CENTER • 20,700 SF
      6901 Tudor Rd, Anchorage, AK 99507-1254
      View Details
    • Value Estimation
      $515,000
      8,280 SF

      5905 Lk Otis Pkwy

      SHOPPING CENTER, STRIP CENTER • 8,280 SF
      5905 Lk Otis Pkwy, Anchorage, AK 99507-1700
      View Details
    • Value Estimation by Request
      9,000 SF

      9000 Lk Otis Pkwy

      SHOPPING CENTER, STRIP CENTER • 9,000 SF
      9000 Lk Otis Pkwy, Anchorage, AK 99507-3881
      View Details
    • Value Estimation by Request
      13,750 SF

      2101 Abbott Rd

      SHOPPING CENTER, STRIP CENTER • 13,750 SF
      2101 Abbott Rd, Anchorage, AK 99507-4683
      View Details

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    Anchorage, AK 99507-4249
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    Realmo Value Estimation

    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.

    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.

    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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