Auto Shop on Corner
1326 E 74th Ave, Anchorage, AK 99518
Call to check price and availability
Well-maintained auto shop with visibility on New Seward Highway.
Type:Retail
Property size:
4,400 SFLot size:
0.23 AcresPrice / SF:
$295/SF- Added:
- Oct 11, 2022
- Days on Market:
- 1330
- Last Refresh:
- May 19 at 8:28 pm
Property Features for 1326 E 74th Ave
General Information
- Standard status
- Active
- Size
- 4,400 SF
- Lot size
- 0.23 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1978
Listing agent Hugh Wade License #AK 17280
Listing office SPIRE COMMERCIAL (907) 230-1523
Listing date Oct 11, 2022
Source Crexi
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
HighLights
- Business and real property being sold as a package.
- Excellent visibility southbound on the New Seward Hwy!
- New roof and new metal façade (rear).
- Two lifts and full paint booth included.
- 18' shop clear height with three overhead doors.
- 6,000sf of paving on a 10,000sf lot; basically a corner lot with no development to the east.
Overview
This well-maintained auto shop has been under the same ownership for over 30 years. The property features a new roof and a new metal facade on the rear. The shop area spans 4,000 square feet with an 18-foot clear height. It includes a full paint booth and two lifts. There are three overhead doors. The property also includes an 180-square-foot office and 220 square feet of storage space. The paving covers 6,000 square feet of the 10,000-square-foot lot. Situated on what is essentially a corner lot, the property benefits from unobstructed visibility southbound on the New Seward Highway. The business and real property are being sold as a package.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $110.9k | $25.20 |
| − Vacancy | −$5.0k | −$1.13 |
| EGI | $105.9k | $24.07 |
| − OpEx | −$31.8k | −$7.22 |
| NOI | $74.1k | $16.85 |
4,400 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.06M
$926.5K – $1.24M
NOI $74,123 @ 7.0% cap · market cap 5.70%
Second Best
Industrial
$662.9K
$580.0K – $773.4K
NOI $46,403 @ 7.0% cap · market cap 3.57%
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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
S & S Paint ...
Auto Repair Shop
Map
- City
- Anchorage
- County
- Anchorage
- State
- Alaska
- Longitude
- -149.857541
- Latitude
- 61.1532528
Nearby Similar for Sale
FAQs
What type of property is this?
Auto shop - Well-maintained auto shop with visibility on New Seward Highway.
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 as a package.; **Excellent visibility southbound on the New Seward Hwy!**; New roof and new metal façade (rear).
