Flex Space with Oversized Overhead
34227 Industrial Street, Soldotna, AK 99669
For Sale
$382,800
Commercial Sale, Soldotna, AK
Property Size1,127 SF
Lot Size3.00 Acres
Price / SF$339.66
Days on Market110
Property Features for 34227 Industrial Street
General Information
Property type
Property subtype
Zoning
Parking
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Listing Agency:
EXP Realty, LLC
(907) 519-0095
Listed By:
Katie Uei · License AK #18597
(907) 398-3864
Added: Jul 24
Changed: Oct 29
Last Checked: Nov 10 at 7:06AM
MLS# 26-9305
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 1,127-square-foot flex unit has a 49-foot-deep by 23-foot-wide shop, a 14-foot-tall overhead door, and a concrete floor. A full bathroom with a walk-in shower serves the main level, which is heated by natural-gas radiant flooring. The unit also has its own heating system and separate gas and electric meters.
The property is near the start of Funny River Road in Soldotna. The Kenai River Center, Centennial Park public boat launch, and Soldotna amenities are nearby; bank fishing on the Kenai River is within walking distance. The development occupies a 3-acre site and has public water and sewer service.
The property is near the start of Funny River Road in Soldotna. The Kenai River Center, Centennial Park public boat launch, and Soldotna amenities are nearby; bank fishing on the Kenai River is within walking distance. The development occupies a 3-acre site and has public water and sewer service.
Key Highlights
- 1,127 square feet of flex space
- Shop measures 49 feet deep by 23 feet wide
- 14 ft tall overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,459
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,180
$389.2K
Cap Rate 7%
$277,986
$278.0K
Cap Rate 9%
$216,211
$216.2K
Market Conditions
NOI Build-Up for 1,127 SF
Gross rent
$31.6K $28.08/SF
− Vacancy
−$1.7K −$1.52/SF
EGI
$29.9K $26.56/SF
− OpEx
−$10.5K −$9.30/SF
NOI
$19.5K $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%
$389,180
Cap Rate 7%
$277,986
Cap Rate 9%
$216,211
Alternative Uses
Best Use
Flex RnD
$278.0K
$243.2K – $324.3K
NOI $19,459 @ 7.0% cap · market cap 5.08%
Second Best
Warehouse
$120.9K
$105.8K – $141.1K
NOI $8,464 @ 7.0% cap · market cap 2.21%
Theoretical Best
Office A
$330.0K
$288.7K – $385.0K
NOI $23,099 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Yes
Paved road access
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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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - A gated setting offers maneuvering room for boats and recreational vehicles.
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 $382,800.
What are key features of this property?
This property features: 1,127 square feet of flex space; Shop measures 49 feet deep by 23 feet wide; 14 ft tall overhead door
