Restaurant with Dog
32721 Sterling Highway, Anchor Point, AK 99556
For Sale
$350,000
A fully equipped kitchen includes lightly used appliances and a walk-in freezer.
Property Size1,000 SF
Lot Size2.53 Acres
Price / SF$350
Days on Market945
Property Features for 32721 Sterling Highway
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Additional Details
Highway Access
Equipment Included
Amenities
dog park
Building Details
Building Size
Listing Agency:
Go North Realty
Listed By:
Marjorie R Pellegrini · License AK #154226
(907) 299-8271
Source:
Kodiakislandrealestate
Added: Apr 14, 2024
Changed: Nov 12
Last Checked: Nov 13 at 12:48PM
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 Go North Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This restaurant property occupies 2.53 acres in Anchor Point and includes a dog park, a kitchen with lightly used appliances, and a walk-in freezer. The parcel is designated UNZ - Not Zoned.
The property is at 32721 Sterling Highway, just off the highway in Anchor Point, Alaska.
The property is at 32721 Sterling Highway, just off the highway in Anchor Point, Alaska.
Key Highlights
- 2.53‑acre restaurant property in Anchor Point
- Restaurant kitchen with lightly used appliances
- Walk‑in freezer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,923
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,460
$398.5K
Cap Rate 7%
$284,614
$284.6K
Cap Rate 9%
$221,367
$221.4K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$28.1K $28.08/SF
− Vacancy
−$1.5K −$1.52/SF
EGI
$26.6K $26.56/SF
− OpEx
−$6.6K −$6.64/SF
NOI
$19.9K $19.92/SF
Area
Kenai Peninsula County, AK
Vacancy
5.40%
Lease Rate
$28.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,460
Cap Rate 7%
$284,614
Cap Rate 9%
$221,367
Alternative Uses
Best Use
Specialty Retail
$284.6K
$249.0K – $332.1K
NOI $19,923 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$292.8K
$256.2K – $341.6K
NOI $20,496 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Demographics for 99556, AK
2,877
Population
1,852
Households
1.6
Avg Household Size
50
Median Age
21%
College-Educated
89%
High-School Grad
197.3 sq mi
ZIP Area
15
Density / Sq Mi
$62,868
Median Household Income
$45,487
Median Earnings
$1,167
Median Rent
$226,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A fully equipped kitchen includes lightly used appliances and a walk-in freezer.
Where is this conventional restaurant located?
The property is located at 32721 Sterling Highway Anchor Point, AK.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2.53‑acre restaurant property in Anchor Point; Restaurant kitchen with lightly used appliances; Walk‑in freezer
