Flex Space with Warehouse
For Sale
$1,500,000
11811 S Gambell St, Anchorage, AK 99515
The property combines office, shop, storage, and warehouse areas with an adjoining I1-zoned parcel.
Property Size7,600 SF
Lot Size0.52 Acres
Price / SF$197.37
Days on Market9
Property Features for 11811 S Gambell St
General Information
Standard status
Active
Size
7,600 SF
Lot size
0.52 Acres
Zoning
I1
Additional Details
Drive-In Doors
4
Land Use
industrial, office/warehouse
Amenities
mezzanines
garage doors
Building Details
Buildings
1
Building Size
7,600 SF
Listing Agency:
The Summit Group
(907) 202-9500
Listed By:
Tiffany Schuyler
(907) 202-9502
Source:
Exprealty
Added: Oct 8
Changed: Oct 15
Last Checked: Oct 16 at 1:14PM
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 The Summit Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property contains 7,600 SF of office, shop, storage, and warehouse space. Mezzanines add storage capacity, and four 14-foot garage doors provide access to the warehouse. The sale also includes an adjoining 22,500 SF parcel zoned I1.
The property is located in South Anchorage at 11811 S Gambell St.
The property is located in South Anchorage at 11811 S Gambell St.
Key Highlights
- 7,600 SF building with office, shop, storage, and warehouse areas
- Four 14‑foot garage doors
- Warehouse mezzanines provide additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,602
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,812,040
$1.8M
Cap Rate 7%
$1,294,314
$1.3M
Cap Rate 9%
$1,006,689
$1.0M
Market Conditions
NOI Build-Up for 7,600 SF
Gross rent
$114.0K $15.00/SF
− Vacancy
−$7.4K −$0.98/SF
EGI
$106.6K $14.03/SF
− OpEx
−$16.0K −$2.10/SF
NOI
$90.6K $11.92/SF
Area
Anchorage, AK
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,812,040
Cap Rate 7%
$1,294,314
Cap Rate 9%
$1,006,689
Alternative Uses
Best Use
Warehouse
$1.29M
$1.13M – $1.51M
NOI $90,602 @ 7.0% cap · market cap 6.04%
Second Best
Flex RnD
$1.23M
$1.08M – $1.44M
NOI $86,312 @ 7.0% cap · market cap 5.75%
Theoretical Best
Specialty Retail
$2.06M
$1.81M – $2.41M
NOI $144,461 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
4
Drive-in doors
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - The property combines office, shop, storage, and warehouse areas with an adjoining I1-zoned parcel.
Where is this flex space located?
The property is located at 11811 S Gambell St 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: 7,600 SF building with office, shop, storage, and warehouse areas; Four 14‑foot garage doors; Warehouse mezzanines provide additional storage
