Medical Office with Sauna
For Sale
$885,000
198 W Marydale Ave, Soldotna, AK 99669
Remodeled professional facility with private offices, kitchen, specialized wellness space, and a prominent medical-corridor setting.
Property Size2,754 SF
Lot Size0.39 Acres
Price / SF$321.35
Days on Market255
Property Features for 198 W Marydale Ave
General Information
Standard status
Active
Size
2,754 SF
Lot size
0.39 Acres
Property subtype
Commercial
Amenities
full kitchen
sauna
Building Details
Year Built
1967
Year Renovated
2008
Buildings
1
Tenancy
Single
Owner Occupied
Yes
Listing Agency:
Century 21 Realty Solutions Freedom Branch
Listed By:
Natalia Aulenbacher
(907) 262-1770
Source:
Seehomesinalaska
Added: Feb 2
Changed: Oct 1
Last Checked: Oct 14 at 11:20PM
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 Century 21 Realty Solutions Freedom Branch
Investment Insights
Based on property information with market context.
This 2,754 SF medical office property provides 10 private offices, a full kitchen, 2.5 bathrooms, and a specialized suite with an adjoining sauna. The offices include wiring for WiFi and phone service, along with integrated speakers. Originally built in 1967, the building was fully redesigned and remodeled in 2008.
The property occupies approximately 0.39 acres in Soldotna’s primary medical corridor, directly across from CPH. It has been owner-occupied by a wellness practice for approximately 20 years. The existing configuration supports continued medical, therapy, wellness, or professional office use, while alternative concepts remain subject to zoning and required approvals.
The property occupies approximately 0.39 acres in Soldotna’s primary medical corridor, directly across from CPH. It has been owner-occupied by a wellness practice for approximately 20 years. The existing configuration supports continued medical, therapy, wellness, or professional office use, while alternative concepts remain subject to zoning and required approvals.
Key Highlights
- 2,754 SF medical office property on approximately 0.39 acres
- 10 private offices wired for WiFi and phone service
- Specialized office suite with adjacent sauna
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,894
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$877,880
$877.9K
Cap Rate 7%
$627,057
$627.1K
Cap Rate 9%
$487,711
$487.7K
Market Conditions
NOI Build-Up for 2,754 SF
Gross rent
$77.3K $28.08/SF
− Vacancy
−$4.2K −$1.52/SF
EGI
$73.2K $26.56/SF
− OpEx
−$29.3K −$10.63/SF
NOI
$43.9K $15.94/SF
Area
Kenai Peninsula County, AK
Vacancy
5.40%
Lease Rate
$28.08 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$877,880
Cap Rate 7%
$627,057
Cap Rate 9%
$487,711
Alternative Uses
Best Use
Healthcare Medical
$627.1K
$548.7K – $731.6K
NOI $43,894 @ 7.0% cap · market cap 4.96%
Second Best
Office B
$562.3K
$492.0K – $656.0K
NOI $39,360 @ 7.0% cap · market cap 4.45%
Theoretical Best
Multifamily LT 5
$19.10M
$16.71M – $22.28M
NOI $1,337,034 @ 7.0% cap · market cap 151.08%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Demographics for 99669, AK
15,531
Population
8,221
Households
1.9
Avg Household Size
41
Median Age
28%
College-Educated
94%
High-School Grad
244.7 sq mi
ZIP Area
63
Density / Sq Mi
$84,133
Median Household Income
$44,918
Median Earnings
$1,205
Median Rent
$304,000
Median Home Value
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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?
Medical Office Space - Remodeled professional facility with private offices, kitchen, specialized wellness space, and a prominent medical-corridor setting.
Where is this medical office space located?
The property is located at 198 W Marydale Ave Soldotna, AK.
What is the asking price?
The asking price for this property is $885,000.
What are key features of this property?
This property features: 2,754 SF medical office property on approximately 0.39 acres; 10 private offices wired for WiFi and phone service; Specialized office suite with adjacent sauna
