9220 Lk Otis Pkwy Anchorage, AK 99507-4249
Property profile & analytics
9220 Lk Otis Pkwy, Anchorage, AK 99507-4249
- Strip malls
- 19,750 SF
- 1.29 lot acres
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.
Location Intelligence
Current Use by 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
Property Details for 9220 Lk Otis Pkwy
- Year built
- 1984
- Construction
- WOOD FRAME
- Lot size
- 1.29 lot acres
- Zone code
- B3SL GENERAL BUSINESS
- Property type
- Strip malls
- Property subtype
- Shopping 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 Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $730,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $658,000
Market price range: $421k - $1.03M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $740,000 Current use
- WAREHOUSE, STORAGE
- $1,155,000 Change: +56% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $1,115,000 Change: +51% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
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
