Log Cabin
14865 Sterling Highway, Cooper Landing, AK 99572
For Sale
$6,500,000
Guest accommodations, food service, retail, and employee housing are assembled on one hospitality property.
Property Size10,000 SF
Price / SF$650
Days on Market9
Property Features for 14865 Sterling Highway
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Mixed-Use Components
Additional Details
Business Included
Taxes and HOA fees
Annual Taxes
Amenities
guest cabins and houses
tackle shop and gift store
package liquor sales
outdoor picnic areas and BBQ stations
Wi-Fi access in public areas
on-site laundry facilities
staff accommodations
Building Details
Building Size
Year Built
Buildings
Units
Construction
Listing Agency:
Hayden Outdoors, LLC
Listed By:
John Herrity
(970) 685-0645
Source:
Alaskabuiltrealestate
Added: Nov 1
Changed: Nov 8
Last Checked: Nov 8 at 1:30PM
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 Hayden Outdoors, LLC
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Investment Insights
Based on property information with market context.
Opened in 1952, this Cooper Landing resort combines 17 guest cabins with two larger cottages. Cabins accommodate 4 to 6 guests, while the cottages sleep 8 to 10. Many cabins have kitchenettes or mini-fridges, wood stoves, and private bathrooms. A seasonal restaurant and bar, tackle and gift shop, picnic areas, BBQ stations, guest parking, public-area Wi-Fi, and laundry facilities round out the property’s amenities.
The property is at Mile 52 on Sterling Highway, near the confluence of the Kenai and Russian Rivers. Its food service includes a summer takeout window. On-site staff lodging comprises 20 employee units for up to 40 people, with shared bathrooms, a kitchen, and a lounge.
The property is at Mile 52 on Sterling Highway, near the confluence of the Kenai and Russian Rivers. Its food service includes a summer takeout window. On-site staff lodging comprises 20 employee units for up to 40 people, with shared bathrooms, a kitchen, and a lounge.
Key Highlights
- 17 guest cabins accommodate 4 to 6 people each
- Two cottages sleep 8 to 10 guests
- Seasonal restaurant and bar with a summer takeout window
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$199,228
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,984,560
$4.0M
Cap Rate 7%
$2,846,114
$2.8M
Cap Rate 9%
$2,213,644
$2.2M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$280.8K $28.08/SF
− Vacancy
−$15.2K −$1.52/SF
EGI
$265.6K $26.56/SF
− OpEx
−$66.4K −$6.64/SF
NOI
$199.2K $19.92/SF
Area
Kenai Peninsula County, AK
Vacancy
5.40%
Lease Rate
$28.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,984,560
Cap Rate 7%
$2,846,114
Cap Rate 9%
$2,213,644
Alternative Uses
Best Use
Specialty Retail
$2.85M
$2.49M – $3.32M
NOI $199,228 @ 7.0% cap · market cap 3.07%
Second Best
Hotel Hospitality
$1.10M
$961.9K – $1.28M
NOI $76,950 @ 7.0% cap · market cap 1.18%
Theoretical Best
Multifamily LT 5
$69.36M
$60.69M – $80.91M
NOI $4,854,881 @ 7.0% cap · market cap 74.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Demographics for 99572, AK
345
Population
344
Households
1
Avg Household Size
54
Median Age
34%
College-Educated
97%
High-School Grad
81.1 sq mi
ZIP Area
4
Density / Sq Mi
$140,500
Median Household Income
$49,722
Median Earnings
$404,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Resort - Guest accommodations, food service, retail, and employee housing are assembled on one hospitality property.
Where is this resort located?
The property is located at 14865 Sterling Highway Cooper Landing, AK.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: 17 guest cabins accommodate 4 to 6 people each; Two cottages sleep 8 to 10 guests; Seasonal restaurant and bar with a summer takeout window
