Restaurant with Dog
For Sale
$350,000
32721 Sterling Highway, Anchor Point, AK 99556
Commercial Sale, Anchor Point, AK
Property Size1,000 SF
Lot Size2.00 Acres
Price / SF$350
Days on Market915
Property Features for 32721 Sterling Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
UNZ - Not Zoned
Directions
From Anchor Point, head North past mile marker 156 on the left just before Shorebird LN. Look for signs and whiskey Gulch dog park.
Subdivision
1B - Kenai Peninsula Borough
Standard status
Active
APN
16545043
Size
1,000 SF
Lot size
2.00 Acres
Taxes and HOA fees
Tax Description
ANCHOR VIEW ESTATES L19 B2
Legal Description
ANCHOR VIEW ESTATES L19 B2
Utilities
Sewer type
Septic Tank
Amenities
dog park
Building Details
Flooring type
Heavy duty, Concrete
Building materials
Wood Frame
Roof type
Metal
Listing Agency:
Go North Realty
Listed By:
Marjorie R Pellegrini · License #154226
(907) 299-8271
Added: Apr 14, 2024
Changed: Oct 14
Last Checked: Oct 15 at 4:06AM
MLS# 24-3879
Copyright © 2026 Alaska Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,000-square-foot restaurant property includes a fully equipped kitchen with new appliances and an on-site dog park. The building has wood-frame construction, concrete flooring, a metal roof, and septic service. Its zoning designation is UNZ - Not Zoned.
The property is located at 32721 Sterling Highway in Anchor Point, Alaska.
The property is located at 32721 Sterling Highway in Anchor Point, Alaska.
Key Highlights
- 1,000‑square‑foot restaurant property
- Fully equipped kitchen with new appliances
- On‑site dog park
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
Multifamily LT 5
$6.94M
$6.07M – $8.09M
NOI $485,488 @ 7.0% cap · market cap 138.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - A fully equipped kitchen with new appliances supports restaurant operations.
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: 1,000‑square‑foot restaurant property; Fully equipped kitchen with new appliances; On‑site dog park
