3-Bay Flex
For Sale
$1,299,000
3201 Little Fireweed Ln, Homer, AK 99603
Newly built mixed-use workspace with oversized doors and separate facilities for each bay.
Property Size4,800 SF
Price / SF$270.63
Days on Market87
Property Features for 3201 Little Fireweed Ln
General Information
Standard status
Active
Size
4,800 SF
Additional Details
Drive-In Doors
3
Building Details
Year Built
2023
Listing Agency:
Berkshire Hathaway HomeServices Alaska Realty
Listed By:
Hionia Kalugin · License #153205
(907) 399-6815
Source:
Kachemakgrouprealestate
Added: Jul 21
Changed: Oct 4
Last Checked: Oct 7 at 3:16PM
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 Berkshire Hathaway HomeServices Alaska Realty
Investment Insights
Based on property information with market context.
Built in 2023, this 4,800-square-foot flex property contains three shop bays designed for equipment, marine projects, and general workspace needs. Each bay has its own facilities, supporting separate operations and convenient day-to-day use. The building includes 20' x 20' bay doors and 20-foot front and rear walls for handling large equipment.
Located at 3201 Little Fireweed Ln in Kachemak City’s mixed-use area, the property is near Northern Enterprise Boatyard. Its setting combines access to nearby businesses and services with a degree of separation suited to shop, storage, and project-oriented users.
Located at 3201 Little Fireweed Ln in Kachemak City’s mixed-use area, the property is near Northern Enterprise Boatyard. Its setting combines access to nearby businesses and services with a degree of separation suited to shop, storage, and project-oriented users.
Key Highlights
- Three‑bay flex property totaling 4,800 SF
- Built in 2023
- 20' x 20' bay doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,879
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,657,580
$1.7M
Cap Rate 7%
$1,183,986
$1.2M
Cap Rate 9%
$920,878
$920.9K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$134.8K $28.08/SF
− Vacancy
−$7.3K −$1.52/SF
EGI
$127.5K $26.56/SF
− OpEx
−$44.6K −$9.30/SF
NOI
$82.9K $17.27/SF
Area
Kenai Peninsula County, AK
Vacancy
5.40%
Lease Rate
$28.08 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,657,580
Cap Rate 7%
$1,183,986
Cap Rate 9%
$920,878
Alternative Uses
Best Use
Flex RnD
$1.18M
$1.04M – $1.38M
NOI $82,879 @ 7.0% cap · market cap 6.38%
Second Best
Warehouse
$515.0K
$450.6K – $600.8K
NOI $36,048 @ 7.0% cap · market cap 2.78%
Theoretical Best
Multifamily LT 5
$33.29M
$29.13M – $38.84M
NOI $2,330,343 @ 7.0% cap · market cap 179.40%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Drive-in doors
Location Intelligence
Demographics for 99603, AK
10,766
Population
6,251
Households
1.7
Avg Household Size
43
Median Age
39%
College-Educated
94%
High-School Grad
1,068.8 sq mi
ZIP Area
10
Density / Sq Mi
$76,368
Median Household Income
$41,530
Median Earnings
$1,236
Median Rent
$345,600
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 Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Newly built mixed-use workspace with oversized doors and separate facilities for each bay.
Where is this flex space located?
The property is located at 3201 Little Fireweed Ln Homer, AK.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Three‑bay flex property totaling 4,800 SF; Built in 2023; 20' x 20' bay doors
