Two-Building Warehouse
1007 W 32nd Avenue Anchorage, AK 99503
For Sale
$1,500,000
Sale offering includes two warehouse buildings, with one in fair condition and one requiring major renovation.
Property Size9,600 SF
Price / SF$156.25
Days on Market938
Property Features for 1007 W 32nd Avenue
General Information
- Standard status
- Active
- Size
- 9,600 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1965
Listing Agency:
SSS Commercial Real Estate
(907) 727-8686
Listed By:
Stewart Smith · License #6724
(907) 727-8686
Source:
Xome
Added: Jan 1, 2024
Changed: Jul 23
Last Checked: Jul 27 at 3:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SSS Commercial Real Estate
Investment Insights
Based on property information with market context.
This for-sale warehouse property includes two buildings totaling 9,600 square feet: a smaller building and a larger building. The smaller structure is described as being in fair condition and features a 12' x 12' overhead door. The larger building is noted as needing major renovation.
The property is located off Spenard Road near the former KTVA TV studio site. An easement use agreement is referenced for a tower, satellite dish, and communications shed, with the grantee responsible for their share of property taxes, maintenance, and related costs at closing.
With two separate warehouse buildings on site, the property offers an opportunity to accommodate multiple uses or staged redevelopment, subject to the recorded easement terms provided at closing.
The property is located off Spenard Road near the former KTVA TV studio site. An easement use agreement is referenced for a tower, satellite dish, and communications shed, with the grantee responsible for their share of property taxes, maintenance, and related costs at closing.
With two separate warehouse buildings on site, the property offers an opportunity to accommodate multiple uses or staged redevelopment, subject to the recorded easement terms provided at closing.
Key Highlights
- Two warehouse buildings totaling 7,200 SF and 2,400 SF (10,600 SF total)
- Smaller building in fair condition with a 12' x 12' overhead door
- Larger building requires major renovation
Financial Insights For Warehouse
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 | $144.0k | $15.00 |
| − Vacancy | −$9.4k | −$0.98 |
| EGI | $134.6k | $14.03 |
| − OpEx | −$20.2k | −$2.10 |
| NOI | $114.4k | $11.92 |
9,600 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.63M
$1.43M – $1.91M
NOI $114,444 @ 7.0% cap · market cap 7.63%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.61M
$2.28M – $3.04M
NOI $182,477 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
KTVA
Television Studio
FAQs
What type of property is this?
Warehouse - Sale offering includes two warehouse buildings, with one in fair condition and one requiring major renovation.
Where is this warehouse located?
The property is located at 1007 W 32nd Avenue Anchorage, AK.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Two warehouse buildings totaling 7,200 SF and 2,400 SF (10,600 SF total); Smaller building in fair condition with a 12' x 12' overhead door; Larger building requires major renovation
