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Property profile & analytics
OFF-MARKET Estimated value $695,000
Strip malls

9220 Lk Otis Pkwy Anchorage, AK 99507-4249

19,750 SF 1.29 ac lot Built 1984
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US02-0142629
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1984
Construction WOOD FRAME
Total area 19,750 SF
Lot 1.29 ac (56,192 SF)
Zoning code B3SL GENERAL BUSINESS
APN 016-251-02-000
UPID US02-0142629
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
  • Galvin Susan C MD Physician
  • I Luv Sushi Restaurant
  • Laktonen Alberta B MD Physician Medical Clinic
  • Dr. Tonya Caylor Pediatrician Physician
  • Dr. Julie Wilson Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$730k
CAP Approach CAP
by Request
Comparable Approach Comparable
$658k
Blend (final) Blend
$695k
Owner & transaction history
Seven C Investments INC · 8 yrs held
Seven C Investments INC
since 2017
5 recorded transactions
2017
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
B3SL GENERAL BUSINESS · Anchorage, AK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage $1.2M +56.4%
Industrial (general) $1.1M +50.5%
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