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535 3rd 4,322 SF 50% Leased Office Building Fairbanks, AK 99701 $907,208 CAD ($209.90 CAD/SF) 10% Cap Rate
EXECUTIVE SUMMARY
Commercial Property in the heart of downtown Fairbanks. Position your business in the center of it all with this standout downtown property offering more than 4,000 square feet of adaptable space. Perfectly situated in a high-visibility location with steady pedestrian traffic and excellent access to public transit providing premium exposure and convenience. Previously utilized as an architectural office, the upstairs office offers 10 foot ceilings make the space feel open and inviting, with a full kitchenette and a full bathroom. The downstairs is leased to a fitness training facility. This building has a variety of possible uses. It is heated via a steam heating system directly from Aurora Energy power plant downtown.
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
4,322 SF
Building Class
C
Year Built
1961
Price
$907,208 CAD
Price Per SF
$209.90 CAD
Cap Rate
10%
NOI
$90,721 CAD
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,161 SF
Building FAR
1.68
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
Central Business District - Downtown Fairbanks. Central Business District
AMENITIES
- 24 Hour Access
- Fitness Center
- Reception
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Accelerated Fitness Alaska
- Arts, Entertainment, and Recreation
-
99,999 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Accelerated Fitness Alaska | Arts, Entertainment, and Recreation | 99,999 SF | - | - |
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Walk Score®
Very Walkable (79)
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 33391 | Total Assessment | $455,063 CAD (2025) |
| Land Assessment | $37,567 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $417,496 CAD (2025) | Tax Year | 2026 Payable 7500 |
PROPERTY TAXES
Parcel Number
33391
Land Assessment
$37,567 CAD (2025)
Improvements Assessment
$417,496 CAD (2025)
Total Assessment
$455,063 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026 Payable 7500
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535 3rd
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