5401 Cordova Street, Anchorage, AK 99518
- Added:
- Jun 29, 2026
- Days on Market:
- 9
- Last Refresh:
- Jul 7 at 10:06 pm
Property Features for 5401 Cordova Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- I1 - Light Industrial
- Standard status
- Active
- APN
- 0092423500301
- Size
- 1,000 SF
Taxes and HOA fees
- Tax Description
- Spruce Heights #4 L3 B1 Airport Plaza
Listing agent Peter Carpenter License #110384 (907) 854-8404
Listing office EXP Realty, LLC 3705 Arctic Blvd #292, Anchorage, AK (907) 519-0095
Listing date Jun 29, 2026
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.
HighLights
- 1,000 SF commercial condo near C St and International Airport Rd
- Retail entrance; currently used as a hair salon on a month‑to‑month (MTM) lease
- End unit is first to be seen from the main road and at the plaza entrance
- Association covers water, sewer, refuse, exterior, grounds, and reserves; dues reflect recent roof replacements
- Can be sold as a package of three units side by side: 101, 102, and 103
- Owner financing available
Overview
The property is described as being located near C Street and International Airport Road, and is positioned as the first building to be seen from the main road and the entrance to the plaza. The condominium association covers water, sewer, refuse, exterior, grounds, and reserves, and the reported association dues reflect recent roof replacements.
For retail operators or investors seeking a small-format retail space, the existing storefront entrance and current salon use provide immediate, practical compatibility for similar services. The space can also be sold as a package with three side-by-side units (101, 102, and 103). Owner financing is available, providing an additional option for qualified buyers.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.2k | $25.20 |
| − Vacancy | −$1.1k | −$1.13 |
| EGI | $24.1k | $24.07 |
| − OpEx | −$7.2k | −$7.22 |
| NOI | $16.8k | $16.85 |
Alternative Uses
Current Use by Public Records
Map
- City
- Anchorage
- County
- Anchorage
- State
- Alaska
- Longitude
- -149.878588
- Latitude
- 61.171804
