Flex Space with
For Sale
$499,900
12872 Old Seward Hwy # 5, Anchorage, AK 99515
I-1-zoned commercial garage space with private plumbing fixtures, windows, and adaptable business-use configuration.
Property Size1,240 SF
Price / SF$403.15
Days on Market103
Property Features for 12872 Old Seward Hwy # 5
General Information
Standard status
Active
Size
1,240 SF
Property subtype
Commercial
Zoning
I-1
Site & Location
Neighborhood
Bayshore/Klatt
Additional Details
Mezzanine
280 SF
Building Details
Year Built
2024
Listing Agency:
Real Broker Alaska
Listed By:
Yvan C Corbin
(907) 301-0875
Source:
Seehomesinalaska
Added: Jul 13
Changed: Oct 9
Last Checked: Oct 23 at 7:49AM
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 Real Broker Alaska
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Investment Insights
Based on property information with market context.
This 2024-built flex property provides 1,240 square feet of commercial garage space in a business-ready configuration. The unit includes a private toilet, sink, and shower, along with windows throughout. Its 20-by-50-foot garage area is complemented by a 14-by-20-foot mezzanine with 8-foot ceilings, creating additional functional space within the unit.
The property is zoned I-1 and is located in South Anchorage at 12872 Old Seward Hwy #5. Construction includes 9-inch-thick commercial-grade concrete floors designed to support heavy loads, adding durability for storage, equipment, or workspace applications.
The property is zoned I-1 and is located in South Anchorage at 12872 Old Seward Hwy #5. Construction includes 9-inch-thick commercial-grade concrete floors designed to support heavy loads, adding durability for storage, equipment, or workspace applications.
Key Highlights
- 1,240‑square‑foot commercial garage unit
- I‑1 zoning in South Anchorage
- 20' by 50' garage area with 14' by 20' mezzanine
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,782
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,640
$295.6K
Cap Rate 7%
$211,171
$211.2K
Cap Rate 9%
$164,244
$164.2K
Market Conditions
NOI Build-Up for 1,240 SF
Gross rent
$18.6K $15.00/SF
− Vacancy
−$1.2K −$0.98/SF
EGI
$17.4K $14.03/SF
− OpEx
−$2.6K −$2.10/SF
NOI
$14.8K $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%
$295,640
Cap Rate 7%
$211,171
Cap Rate 9%
$164,244
Alternative Uses
Best Use
Warehouse
$211.2K
$184.8K – $246.4K
NOI $14,782 @ 7.0% cap · market cap 2.96%
Second Best
Flex RnD
$201.2K
$176.0K – $234.7K
NOI $14,082 @ 7.0% cap · market cap 2.82%
Theoretical Best
Specialty Retail
$336.7K
$294.6K – $392.8K
NOI $23,570 @ 7.0% cap · market cap 4.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
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
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - I-1-zoned commercial garage space with private plumbing fixtures, windows, and adaptable business-use configuration.
Where is this flex space located?
The property is located at 12872 Old Seward Hwy # 5 Anchorage, AK.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 1,240‑square‑foot commercial garage unit; I‑1 zoning in South Anchorage; 20' by 50' garage area with 14' by 20' mezzanine
