Drive-Through Restaurant with Kitchen
11310 Old Seward Highway, Anchorage, AK 99515
For Sale
$1,950,000
A paved commercial parcel contains a freestanding restaurant with dining space and a drive-through lane.
Property Size3,200 SF
Lot Size0.79 Acres
Price / SF$609.38
Days on Market9
Property Features for 11310 Old Seward Highway
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Drive-Thru
Restaurant
Hood Type
Commercial Hood
Additional Details
Sprinkler System
Building Details
Building Size
Buildings
Listing Agency:
Jack White Commercial
Listed By:
Andrew Ingram · License #AK17954
(907) 563-5500
Source:
Alaskabuiltrealestate
Added: Nov 1
Changed: Nov 7
Last Checked: Nov 8 at 4:04PM
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 Jack White Commercial
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Investment Insights
Based on property information with market context.
The freestanding restaurant offers approximately 3,200 SF, including a full dining room, drive-through lane and service window. Kitchen and building improvements include Type I hoods, walk-in refrigeration and a wet fire sprinkler system. The space is positioned for a new restaurant concept, with the existing features in place.
The property occupies 0.79 paved acres and fronts Old Seward Highway in South Anchorage. B3 - General Business zoning applies.
The property occupies 0.79 paved acres and fronts Old Seward Highway in South Anchorage. B3 - General Business zoning applies.
Key Highlights
- Freestanding restaurant with a drive‑through lane and service window
- Approximately 3,200 SF with a full dining room
- Type I hoods and walk‑in refrigeration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,826
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,216,520
$1.2M
Cap Rate 7%
$868,943
$868.9K
Cap Rate 9%
$675,844
$675.8K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$84.5K $26.40/SF
− Vacancy
−$3.4K −$1.06/SF
EGI
$81.1K $25.34/SF
− OpEx
−$20.3K −$6.34/SF
NOI
$60.8K $19.01/SF
Area
Anchorage, AK
Vacancy
4.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,216,520
Cap Rate 7%
$868,943
Cap Rate 9%
$675,844
Alternative Uses
Best Use
Specialty Retail
$868.9K
$760.3K – $1.01M
NOI $60,826 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Sprinkler system
Yes
Commercial hood
Location Intelligence
Demographics for 99515, AK
22,532
Population
8,137
Households
2.8
Avg Household Size
37
Median Age
41%
College-Educated
95%
High-School Grad
10.6 sq mi
ZIP Area
2,126
Density / Sq Mi
$112,445
Median Household Income
$55,657
Median Earnings
$1,716
Median Rent
$400,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - A paved commercial parcel contains a freestanding restaurant with dining space and a drive-through lane.
Where is this drive through restaurant located?
The property is located at 11310 Old Seward Highway Anchorage, AK.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Freestanding restaurant with a drive‑through lane and service window; Approximately 3,200 SF with a full dining room; Type I hoods and walk‑in refrigeration
