Warehouse Unit with
For Sale
$425,000
324-8479 Toloff St, Anchorage, AK 99507
High-clearance warehouse unit with overhead doors, workshop potential, and adaptable storage space.
Property Size1,600 SF
Price / SF$265.63
Days on Market55
Property Features for 324-8479 Toloff St
General Information
Standard status
Active
Size
1,600 SF
Warehouse & Industrial
Clear Height
20 ft
Warehouse Space
1,600 SF
Mezzanine
600 SF
Drive-In Doors
2
Power
60 amps
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$6,199
Listing Agency:
Coldwell Banker Endeavor Realty
(907) 301-6872
Listed By:
Lori O'Banion
(907) 301-6872
Source:
Exprealty
Added: Jun 19
Changed: Aug 8
Last Checked: Aug 12 at 11:35AM
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 Coldwell Banker Endeavor Realty
Investment Insights
Based on property information with market context.
This 1,600 SF warehouse unit measures approximately 32' x 50' and provides 20' ceilings, two overhead doors, a side man door, and a carpeted mezzanine measuring 20' x 30' with stair access. The layout accommodates substantial storage while allowing the divided portion to function as a workshop or separate area. Building features include a 60 amp panel, multiple 110v/240v outlets, a hose-bib, floor drains, a sprinkler system, and a fan. A new 145K unit heater is also installed.
Located at 324-8479 Toloff St in Anchorage, AK, the unit is one of four at the property and includes the added utility of its mezzanine and oversized access points.
Located at 324-8479 Toloff St in Anchorage, AK, the unit is one of four at the property and includes the added utility of its mezzanine and oversized access points.
Key Highlights
- 1,600 SF warehouse unit with 20' ceilings
- Two overhead doors: 16'W x 14'T and 10.5'W x 14'T
- Carpeted 20' x 30' mezzanine with stair access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,074
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$381,480
$381.5K
Cap Rate 7%
$272,486
$272.5K
Cap Rate 9%
$211,933
$211.9K
Market Conditions
NOI Build-Up for 1,600 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$24.0K $15.00/SF
− Vacancy
−$1.6K −$0.98/SF
EGI
$22.4K $14.03/SF
− OpEx
−$3.4K −$2.10/SF
NOI
$19.1K $11.92/SF
Area
Anchorage, AK
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$381,480
Cap Rate 7%
$272,486
Cap Rate 9%
$211,933
Alternative Uses
Best Use
Warehouse
$272.5K
$238.4K – $317.9K
NOI $19,074 @ 7.0% cap · market cap 4.49%
Second Best
Flex RnD
$259.6K
$227.1K – $302.9K
NOI $18,171 @ 7.0% cap · market cap 4.28%
Theoretical Best
Specialty Retail
$434.5K
$380.2K – $506.9K
NOI $30,413 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20 ft
Clear height
2
Drive-in doors
Yes
Sprinkler system
Location Intelligence
Demographics for 99507, AK
38,199
Population
14,552
Households
2.6
Avg Household Size
36
Median Age
38%
College-Educated
95%
High-School Grad
47.3 sq mi
ZIP Area
808
Density / Sq Mi
$107,347
Median Household Income
$55,197
Median Earnings
$1,546
Median Rent
$371,200
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - High-clearance warehouse unit with overhead doors, workshop potential, and adaptable storage space.
Where is this warehouse located?
The property is located at 324-8479 Toloff St Anchorage, AK.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1,600 SF warehouse unit with 20' ceilings; Two overhead doors: 16'W x 14'T and 10.5'W x 14'T; Carpeted 20' x 30' mezzanine with stair access
