Industrial Workshop with Overhead
23837 Swan Drive, Kasilof, AK 99610
For Sale
$1,200,000
More than eight private acres provide space for equipment storage, staging, and outdoor work areas.
Property Size5,000 SF
Price / SF$240
Days on Market54
Property Features for 23837 Swan Drive
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Road Access
Outdoor Storage
Utilities to Site
Additional Details
Drive-In Doors
Real Estate Included
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
4-inch foam insulation
in-floor radiant heating system
floor drains
7-inch concrete pad
overhead crane
14-foot grade-level overhead doors
LED shop lighting
electric outlets every 4 feet
four 220 outlets
300-gallon oil tank
wood boiler
well and septic
driveway
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Listing Agency:
Alaska Statewide Realty Co
Listed By:
Lara N Madden
(907) 300-6802
Source:
Kodiakislandrealestate
Added: Sep 22
Changed: Nov 13
Last Checked: Nov 13 at 2:25PM
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 Alaska Statewide Realty Co
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Investment Insights
Based on property information with market context.
The 5,000-square-foot insulated metal building was constructed in 2010. Its shop features include a 7-inch concrete floor, in-floor radiant heat, floor drains, LED lighting, an overhead crane, and 14-foot grade-level doors at both ends for drive-through access. Electrical service includes outlets spaced every 4 feet and four 220-volt outlets; a 300-gallon oil tank and wood boiler are also on site.
The property includes a 62-foot well and a 1,000-gallon septic tank, both installed in 2011. A circular driveway provides access around the building, while the acreage offers room for equipment storage, staging, and lay-down use. The site is identified as UNZ - Not Zoned.
The property includes a 62-foot well and a 1,000-gallon septic tank, both installed in 2011. A circular driveway provides access around the building, while the acreage offers room for equipment storage, staging, and lay-down use. The site is identified as UNZ - Not Zoned.
Key Highlights
- More than 8 acres of private land
- 5,000 SF insulated metal shop built in 2010
- Overhead crane and 14' grade‑level doors at both ends
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,472
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,609,440
$1.6M
Cap Rate 7%
$1,149,600
$1.1M
Cap Rate 9%
$894,133
$894.1K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$120.0K $24.00/SF
− Vacancy
−$5.0K −$1.01/SF
EGI
$115.0K $22.99/SF
− OpEx
−$34.5K −$6.90/SF
NOI
$80.5K $16.09/SF
Area
Kenai Peninsula County, AK
Vacancy
4.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,609,440
Cap Rate 7%
$1,149,600
Cap Rate 9%
$894,133
Alternative Uses
Best Use
Retail
$1.15M
$1.01M – $1.34M
NOI $80,472 @ 7.0% cap · market cap 6.71%
Second Best
Industrial
$441.8K
$386.6K – $515.4K
NOI $30,924 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,480 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Drive-in doors
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Demographics for 99610, AK
2,261
Population
1,553
Households
1.5
Avg Household Size
52
Median Age
26%
College-Educated
96%
High-School Grad
86.8 sq mi
ZIP Area
26
Density / Sq Mi
$58,125
Median Household Income
$35,730
Median Earnings
$1,630
Median Rent
$246,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Manufacturing property - More than eight private acres provide space for equipment storage, staging, and outdoor work areas.
Where is this manufacturing property located?
The property is located at 23837 Swan Drive Kasilof, AK.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: More than 8 acres of private land; 5,000 SF insulated metal shop built in 2010; Overhead crane and 14' grade‑level doors at both ends
