End-Unit Retail
For Sale
$250,000
103-5401 Cordova St, Anchorage, AK 99501
Commercial condominium with an existing month-to-month salon lease and retail-facing entry.
Property Size1,000 SF
Price / SF$250
Days on Market101
Property Features for 103-5401 Cordova St
General Information
Standard status
Active
Size
1,000 SF
Listing Agency:
EXP Realty, LLC
(907) 519-0095
Listed By:
Peter Carpenter · License #110384
(907) 854-8404
Source:
Exprealty
Added: Jun 30
Changed: Oct 5
Last Checked: Oct 7 at 4:40PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This 1, 000 SQFT commercial condominium is configured for storefront retail use and includes a dedicated retail entrance. The space is currently occupied by a hair salon under a month-to-month lease. Positioned at the end of the plaza building, the unit is the first space encountered from the main road and plaza entrance.
The property is near C Street and International Airport Road in Anchorage. Association services include water, sewer, refuse collection, exterior maintenance, grounds care, and reserves. The dues reflect recent roof replacements. The unit may also be acquired with two adjoining units as a three-unit package comprising 101, 102, and 103.
The property is near C Street and International Airport Road in Anchorage. Association services include water, sewer, refuse collection, exterior maintenance, grounds care, and reserves. The dues reflect recent roof replacements. The unit may also be acquired with two adjoining units as a three-unit package comprising 101, 102, and 103.
Key Highlights
- 1, 000 SQFT commercial condominium with storefront retail configuration
- Existing hair salon occupancy under a month‑to‑month lease
- End building location at the main road and plaza entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,846
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,920
$336.9K
Cap Rate 7%
$240,657
$240.7K
Cap Rate 9%
$187,178
$187.2K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$25.2K $25.20/SF
− Vacancy
−$1.1K −$1.13/SF
EGI
$24.1K $24.07/SF
− OpEx
−$7.2K −$7.22/SF
NOI
$16.8K $16.85/SF
Area
Anchorage, AK
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,920
Cap Rate 7%
$240,657
Cap Rate 9%
$187,178
Alternative Uses
Best Use
Retail
$240.7K
$210.6K – $280.8K
NOI $16,846 @ 7.0% cap · market cap 6.74%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$271.5K
$237.6K – $316.8K
NOI $19,008 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Demographics for 99501, AK
18,590
Population
8,906
Households
2.1
Avg Household Size
38
Median Age
40%
College-Educated
92%
High-School Grad
6.7 sq mi
ZIP Area
2,775
Density / Sq Mi
$69,591
Median Household Income
$43,542
Median Earnings
$1,181
Median Rent
$378,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercial condominium with an existing month-to-month salon lease and retail-facing entry.
Where is this storefront property located?
The property is located at 103-5401 Cordova St Anchorage, AK.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1, 000 SQFT commercial condominium with storefront retail configuration; Existing hair salon occupancy under a month‑to‑month lease; End building location at the main road and plaza entrance
