Flex Space with Tall Overhead
For Sale
$319,000
34227 Industrial Street, Soldotna, AK 99669
Commercial Sale, Soldotna, AK
Property Size980 SF
Lot Size3.00 Acres
Price / SF$325.51
Days on Market94
Property Features for 34227 Industrial Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
UNK - Unknown
Directions
At the start of Funny River Road before buss barn on right, turn on industrial, 1st drive on right, see sign
Subdivision
1B - Kenai Peninsula Borough
Standard status
Active
APN
13519015
Size
980 SF
Lot size
3.00 Acres
Additional Details
Property Use
Shop
Taxes and HOA fees
Tax Description
DERKEVORKIAN TR 1 EXCLUDING THAT PORTION LYING WITHIN THE FUNNY RIVER ROAD ROW #7 (CONDO-shared land)
Legal Description
DERKEVORKIAN TR 1 EXCLUDING THAT PORTION LYING WITHIN THE FUNNY RIVER ROAD ROW #7 (CONDO-shared land)
Utilities
Sewer type
Public Sewer
Heating system
Radiant, Natural Gas, Radiant Floor
Water source
Public
Amenities
Full bath
In-floor heating
Private gated area
Building Details
Year built
2025
Floors in Building
1
Flooring type
Concrete
Building materials
Metal Siding, Wood Frame - 2x6
Roof type
Metal
Listing Agency:
EXP Realty, LLC
(907) 519-0095
Listed By:
Katie Uei · License #18597
(907) 398-3864
Added: Jul 24
Changed: Oct 24
Last Checked: Oct 25 at 11:06AM
MLS# 26-9306
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.
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Investment Insights
Based on property information with market context.
This 980-square-foot flex space has a 49-foot-deep by 20-foot-wide shop area and a 14-foot-tall overhead door. The main level includes a full bathroom with a walk-in shower. Radiant natural gas floor heat serves the space, and the unit has separate gas and electric meters. Construction was completed in 2025, with metal siding, a metal roof, and concrete flooring. Public water and sewer serve the property.
The property is near the beginning of Funny River Road in Soldotna. Bank fishing at the Kenai River Center is within walking distance, and Centennial Park’s public boat launch is nearby. The setting also provides a gated area with room to maneuver a boat or RV.
The property is near the beginning of Funny River Road in Soldotna. Bank fishing at the Kenai River Center is within walking distance, and Centennial Park’s public boat launch is nearby. The setting also provides a gated area with room to maneuver a boat or RV.
Key Highlights
- 980‑square‑foot shop measuring 49 feet deep by 20 feet wide
- 14‑foot‑tall overhead door
- Full bathroom with walk‑in shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,921
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,420
$338.4K
Cap Rate 7%
$241,729
$241.7K
Cap Rate 9%
$188,011
$188.0K
Market Conditions
NOI Build-Up for 980 SF
Gross rent
$27.5K $28.08/SF
− Vacancy
−$1.5K −$1.52/SF
EGI
$26.0K $26.56/SF
− OpEx
−$9.1K −$9.30/SF
NOI
$16.9K $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%
$338,420
Cap Rate 7%
$241,729
Cap Rate 9%
$188,011
Alternative Uses
Best Use
Flex RnD
$241.7K
$211.5K – $282.0K
NOI $16,921 @ 7.0% cap · market cap 5.30%
Second Best
Warehouse
$105.1K
$92.0K – $122.7K
NOI $7,360 @ 7.0% cap · market cap 2.31%
Theoretical Best
Multifamily LT 5
$6.80M
$5.95M – $7.93M
NOI $475,778 @ 7.0% cap · market cap 149.15%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Demographics for 99669, AK
15,531
Population
8,221
Households
1.9
Avg Household Size
41
Median Age
28%
College-Educated
94%
High-School Grad
244.7 sq mi
ZIP Area
63
Density / Sq Mi
$84,133
Median Household Income
$44,918
Median Earnings
$1,205
Median Rent
$304,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - A private gated setting features independent utility meters and natural gas radiant floor heating.
Where is this flex space located?
The property is located at 34227 Industrial Street Soldotna, AK.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: 980‑square‑foot shop measuring 49 feet deep by 20 feet wide; 14‑foot‑tall overhead door; Full bathroom with walk‑in shower
