Anchorage Automotive Shop with
For Sale
$1,300,000
1326 E 74th Ave, Anchorage, AK 99518
Automotive shop, warehouse, office, storage, and retail space for sale.
Property Size4,400 SF
Lot Size0.23 Acres
Price / SF$295.45
Days on Market1459
Property Features for 1326 E 74th Ave
General Information
Standard status
Active
Size
4,400 SF
Lot size
0.23 Acres
Property subtype
Business Opportunity
Taxes and HOA fees
Annual Taxes
$6,680
Listing Agency:
Spire Commercial
(907) 230-1523
Listed By:
Ryan Schwalbe · License #194501
(907) 231-0380
Source:
Exprealty
Added: Oct 11, 2022
Changed: Oct 6
Last Checked: Oct 7 at 5:56PM
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 Spire Commercial
Investment Insights
Based on property information with market context.
This property, maintained by one owner for over 30 years, features a new roof and a new metal facade on the rear. The building includes 180 square feet of office space, 220 square feet of storage, and 4,000 square feet of shop space, with an 18-foot shop clear height and three overhead doors. The property also includes a full paint booth and two lifts. Situated on a 10,000 square foot lot with 6,000 square feet of paving, the property benefits from its corner lot location with no development to the east, offering visibility southbound on the New Seward Highway. The property is zoned B3. This automotive shop, warehouse, office, storage, and retail space is for sale, presenting an opportunity for those already in the business or those looking to change careers. The business assets and real property are being sold as a package.
Key Highlights
- Business and real property being sold together.
- High visibility location southbound on the New Seward Highway.
- 4,000sf shop with 18' clear height and three overhead doors.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,123
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,482,460
$1.5M
Cap Rate 7%
$1,058,900
$1.1M
Cap Rate 9%
$823,589
$823.6K
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$110.9K $25.20/SF
− Vacancy
−$5.0K −$1.13/SF
EGI
$105.9K $24.07/SF
− OpEx
−$31.8K −$7.22/SF
NOI
$74.1K $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%
$1,482,460
Cap Rate 7%
$1,058,900
Cap Rate 9%
$823,589
Alternative Uses
Best Use
Retail
$1.06M
$926.5K – $1.24M
NOI $74,123 @ 7.0% cap · market cap 5.70%
Second Best
Office B
$772.2K
$675.7K – $900.9K
NOI $54,054 @ 7.0% cap · market cap 4.16%
Theoretical Best
Specialty Retail
$1.19M
$1.05M – $1.39M
NOI $83,635 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Demographics for 99518, AK
9,861
Population
4,568
Households
2.2
Avg Household Size
36
Median Age
32%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
2,595
Density / Sq Mi
$91,077
Median Household Income
$49,761
Median Earnings
$1,661
Median Rent
$297,900
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 Office in West region
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Frequently Asked Questions
What type of property is this?
Auto shop - Automotive shop, warehouse, office, storage, and retail space for sale.
Where is this auto shop located?
The property is located at 1326 E 74th Ave Anchorage, AK.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Business and real property being sold together.; High visibility location southbound on the New Seward Highway.; 4,000sf shop with **18' clear height and three overhead doors.**
