Mezzanine Flex
For Sale
$499,900
12872 Old Seward Hwy # 5, Anchorage, AK 99515
I-1 zoning and private washroom facilities support a range of business functions.
Property Size1,240 SF
Price / SF$403.15
Days on Market88
Property Features for 12872 Old Seward Hwy # 5
General Information
Standard status
Active
Size
1,240 SF
Property subtype
Commercial
Building Details
Year Built
2024
Listing Agency:
Real Broker Alaska
Listed By:
Yvan C Corbin
(855) 450-0442
Source:
Viewanchoragehouses
Added: Jul 13
Changed: Oct 1
Last Checked: Oct 7 at 12:46PM
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
Investment Insights
Based on property information with market context.
This 2024-built flex unit at 12872 Old Seward Hwy #5 in Anchorage contains 1,240 square feet. The 20-by-50-foot garage layout includes a 14-by-20-foot mezzanine with 8-foot ceilings. Windows bring natural light into the space, and a private toilet, sink, and shower are included. The floor is 9 inches of commercial-grade concrete, designed to carry heavy loads.
The property is in South Anchorage and is zoned I-1. Its combination of garage area, elevated mezzanine space, and private washroom fixtures provides several distinct functional areas within one unit.
The property is in South Anchorage and is zoned I-1. Its combination of garage area, elevated mezzanine space, and private washroom fixtures provides several distinct functional areas within one unit.
Key Highlights
- 1,240‑square‑foot flex unit built in 2024
- I‑1 zoning in South Anchorage
- 20' by 50' garage area with a 14' by 20' mezzanine
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,082
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$281,640
$281.6K
Cap Rate 7%
$201,171
$201.2K
Cap Rate 9%
$156,467
$156.5K
Market Conditions
NOI Build-Up for 1,240 SF
Gross rent
$23.8K $19.20/SF
− Vacancy
−$2.1K −$1.73/SF
EGI
$21.7K $17.47/SF
− OpEx
−$7.6K −$6.12/SF
NOI
$14.1K $11.36/SF
Area
Anchorage, AK
Vacancy
9.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$281,640
Cap Rate 7%
$201,171
Cap Rate 9%
$156,467
Alternative Uses
Best Use
Flex RnD
$201.2K
$176.0K – $234.7K
NOI $14,082 @ 7.0% cap · market cap 2.82%
Second Best
Industrial
$186.8K
$163.5K – $218.0K
NOI $13,077 @ 7.0% cap · market cap 2.62%
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.
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - I-1 zoning and private washroom facilities support a range of business functions.
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 flex unit built in 2024; I‑1 zoning in South Anchorage; 20' by 50' garage area with a 14' by 20' mezzanine
