Self Storage Facility with Gated RV
For Sale
$319,000
34227 Industrial Street, Soldotna, AK 99669
COMMERCIAL - Soldotna, AK
Property Size1,300 SF
Lot Size3.00 Acres
Price / SF$245.38
Days on Market43
Property Features for 34227 Industrial Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
UNK - Unknown
Directions
At the start of Funny River Road before buss barn on right, turn on industrial, 1st drive on right, see sign
Subdivision
1B - Kenai Peninsula Borough
Standard status
Active
APN
13519015
Size
1,300 SF
Lot size
3.00 Acres
Taxes and HOA fees
Tax Description
DERKEVORKIAN TR 1 EXCLUDING THAT PORTION LYING WITHIN THE FUNNY RIVER ROAD ROW #6 (CONDO-shared land)
Legal Description
DERKEVORKIAN TR 1 EXCLUDING THAT PORTION LYING WITHIN THE FUNNY RIVER ROAD ROW #6 (CONDO-shared land)
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Radiant Floor, Radiant
Water source
Public
Building Details
Year built
2025
Floors in Building
1
Flooring type
Concrete
Building materials
Wood Frame - 2x6
Roof type
Metal
Listing Agency:
EXP Realty, LLC
(907) 519-0095
Listed By:
Katie Uei · License #18597
(907) 398-3864
Added: Jul 24
Changed: Aug 4
Last Checked: Sep 4 at 12:06PM
MLS# 26-9303
Copyright © 2026 Alaska Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Kenai River Man Caves is a self storage facility built in 2025 with a 49-foot deep by 20-foot-wide shop layout and a 16 by 20 foot mezzanine. The mezzanine includes plumbing in place for a kitchen and gathering area, and the main level features a full bathroom with a walk-in shower. There is also under-stair storage. The building is wood frame (2x6), with concrete flooring and a metal roof.
The property sits on a 3-acre lot and provides a gated area with plenty of room to turn a boat or RV. Each unit has its own independent heating system, with separate gas and electric meters. Public water and public sewer services support the facility.
The configuration is designed for private shop use while still fitting the self storage model, with on-site systems for comfort and functionality and a layout that supports both work space and an elevated mezzanine area.
The property sits on a 3-acre lot and provides a gated area with plenty of room to turn a boat or RV. Each unit has its own independent heating system, with separate gas and electric meters. Public water and public sewer services support the facility.
The configuration is designed for private shop use while still fitting the self storage model, with on-site systems for comfort and functionality and a layout that supports both work space and an elevated mezzanine area.
Key Highlights
- 3‑acre lot for Kenai River Man Caves
- 49‑foot deep by 20‑foot‑wide shop with 16 by 20 foot mezzanine
- Mezzanine plumbing in place for a kitchen and gathering area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,449
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$248,980
$249.0K
Cap Rate 7%
$177,843
$177.8K
Cap Rate 9%
$138,322
$138.3K
Market Conditions
NOI Build-Up for 1,300 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$18.7K $14.40/SF
− Vacancy
−$936 −$0.72/SF
EGI
$17.8K $13.68/SF
− OpEx
−$5.3K −$4.10/SF
NOI
$12.4K $9.58/SF
Area
Kenai Peninsula County, AK
Vacancy
5.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$248,980
Cap Rate 7%
$177,843
Cap Rate 9%
$138,322
Alternative Uses
Best Use
Self Storage
$177.8K
$155.6K – $207.5K
NOI $12,449 @ 7.0% cap · market cap 3.90%
Second Best
Warehouse
$139.5K
$122.0K – $162.7K
NOI $9,763 @ 7.0% cap · market cap 3.06%
Theoretical Best
Multifamily LT 5
$9.02M
$7.89M – $10.52M
NOI $631,135 @ 7.0% cap · market cap 197.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Demographics for 99669, AK
15,531
Population
8,221
Households
1.9
Avg Household Size
41
Median Age
28%
College-Educated
94%
High-School Grad
244.7 sq mi
ZIP Area
63
Density / Sq Mi
$84,133
Median Household Income
$44,918
Median Earnings
$1,205
Median Rent
$304,000
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - Self-storage units with independent heating, gas and electric metering, concrete floors, and gated space for boat or RV access.
Where is this self storage facility located?
The property is located at 34227 Industrial Street Soldotna, AK.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: 3‑acre lot for Kenai River Man Caves; 49‑foot deep by 20‑foot‑wide shop with 16 by 20 foot mezzanine; Mezzanine plumbing in place for a kitchen and gathering area
