Corner Showroom Retail
32630 June Drive Sterling Sterling, AK 99672
32630 June Drive Sterling, Sterling, AK, 99672
$439,000
For Sale
$439,000
Showroom retail space on a corner with ample parking and storage, offering about 2,400 SF for retail or service use.
Property Size2,400 SF
Price / SF$182.92
Days on Market24
Property Features for 32630 June Drive Sterling
General Information
- Standard status
- Active
- Size
- 2,400 SF
Building Details
- Year Built
- 2005
Listing agency
(907) 263-9333
Listed by
David Freund
(907) 263-9333
Source
Herringtonlifestyleandliving
Added: Jun 30 Updated: Jul 22 at 1:52PM Checked: Jul 22 at 1:52PM
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 David Freund
Investment Insights
Based on property information with market context.
This corner showroom retail space is approximately 2,400 SF and includes storage. The property is positioned to support retail or service businesses, with the layout designed around a showroom component plus additional storage for back-of-house needs.
The building is located on a corner along Sterling Hwy, described as high-visibility with easy access and plenty of parking.
For sale at a listed price of $439,000, the seller also notes the option to ask about owner financing.
The building is located on a corner along Sterling Hwy, described as high-visibility with easy access and plenty of parking.
For sale at a listed price of $439,000, the seller also notes the option to ask about owner financing.
Key Highlights
- Showroom retail space on a corner location with high‑visibility access
- Approximately 2,400 SF of space with plenty of storage
- Ample on‑site parking for customers
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.6k | $24.00 |
| − Vacancy | −$2.4k | −$1.01 |
| EGI | $55.2k | $22.99 |
| − OpEx | −$16.6k | −$6.90 |
| NOI | $38.6k | $16.09 |
2,400 SF · lease $24.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$551.8K
$482.8K – $643.8K
NOI $38,627 @ 7.0% cap · market cap 8.80%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$16.65M
$14.56M – $19.42M
NOI $1,165,171 @ 7.0% cap · market cap 265.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Showrooms
Similar For Sale Nearby
FAQs
What type of property is this?
Showroom - Showroom retail space on a corner with ample parking and storage, offering about 2,400 SF for retail or service use.
Where is this showroom located?
The property is located at 32630 June Drive Sterling Sterling, AK.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Showroom retail space on a corner location with high‑visibility access; Approximately 2,400 SF of space with plenty of storage; Ample on‑site parking for customers
