Kenai River Waterfront Development
For Sale
$4,800,000
2101 Bowpicker Ln, Kenai, AK 99611
55-acre waterfront campus with mixed-use potential in Kenai, Alaska.
Property Size26,910 SF
Lot Size55.00 Acres
Price / SF$178.37
Days on Market287
Property Features for 2101 Bowpicker Ln
General Information
Standard status
Active
Size
26,910 SF
Lot size
55.00 Acres
Property subtype
Commercial
Listing Agency:
Jack White Commercial
Listed By:
Marc Dunne
(907) 563-5500
Source:
Seehomesinalaska
Added: Jan 1
Changed: Oct 1
Last Checked: Oct 12 at 8:19PM
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 Jack White Commercial
Investment Insights
Based on property information with market context.
This 55-acre Kenai River waterfront property features private tidelands and direct access to Cook Inlet. The site includes a commercial dock, warehouse, shop, office and administrative buildings, and a duplex, along with additional residential improvements. Utilities are available on site. Zoned for heavy industrial use, the property offers mixed-use potential and is considered development-ready.
Key Highlights
- 55 acres of Kenai River waterfront property with direct Cook Inlet access.
- Zoned heavy industrial with mixed‑use potential.
- Commercial dock and private tidelands.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$384,598
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,691,960
$7.7M
Cap Rate 7%
$5,494,257
$5.5M
Cap Rate 9%
$4,273,311
$4.3M
Market Conditions
NOI Build-Up for 26,910 SF
Gross rent
$645.8K $24.00/SF
− Vacancy
−$133.0K −$4.94/SF
EGI
$512.8K $19.06/SF
− OpEx
−$128.2K −$4.76/SF
NOI
$384.6K $14.29/SF
Area
Kenai Peninsula County, AK
Vacancy
20.60%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,691,960
Cap Rate 7%
$5,494,257
Cap Rate 9%
$4,273,311
Alternative Uses
Best Use
Office B
$5.49M
$4.81M – $6.41M
NOI $384,598 @ 7.0% cap · market cap 8.01%
Second Best
Warehouse
$2.89M
$2.53M – $3.37M
NOI $202,096 @ 7.0% cap · market cap 4.21%
Theoretical Best
Multifamily LT 5
$186.64M
$163.31M – $217.74M
NOI $13,064,484 @ 7.0% cap · market cap 272.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Demographics for 99611, AK
15,827
Population
7,130
Households
2.2
Avg Household Size
38
Median Age
24%
College-Educated
94%
High-School Grad
526.8 sq mi
ZIP Area
30
Density / Sq Mi
$69,816
Median Household Income
$47,259
Median Earnings
$1,108
Median Rent
$279,800
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?
Waterfront Land - 55-acre waterfront campus with mixed-use potential in Kenai, Alaska.
Where is this waterfront land located?
The property is located at 2101 Bowpicker Ln Kenai, AK.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: 55 acres of Kenai River waterfront property with direct Cook Inlet access.; Zoned heavy industrial with mixed‑use potential.; Commercial dock and private tidelands.
