Flex Office with Shop
For Sale
$1,500,000
35126 Kb Drive Soldotna, Soldotna, AK 99669
A 9,600 sf flex building with 5,100 sf of office space, 4,500 sf shop/warehouse area, and a fenced yard.
Property Size9,600 SF
Price / SF$156.25
Days on Market116
Property Features for 35126 Kb Drive Soldotna
General Information
Standard status
Active
Size
9,600 SF
Zoning
UNZ - Not Zoned
Additional Details
Fenced Yard
Yes
Amenities
conference room
break room
mezzanine
fenced yard
Building Details
Building Size
9,600 SF
Listed By:
Jacob Masog
(907) 263-9333
Source:
Herringtonlifestyleandliving
Added: Jun 30
Changed: Oct 14
Last Checked: Oct 7 at 9:55AM
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 Jacob Masog
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex-style building totals 9,600 sf and combines office and shop/warehouse space in one facility. The office portion includes six dedicated offices plus a conference room, along with two additional larger rooms. There is a separate break room and men’s and women’s bathrooms.
The shop/warehouse area totals 4,500 sf and is divided into two distinct sections. One shop/warehouse area has three large overhead doors, while the second area includes one overhead door and a mezzanine. A fenced yard is also included, providing secure outdoor space for operational needs.
Overall, the layout supports a mixed-use configuration for companies that need both office support and dedicated warehouse capability within the same building.
The shop/warehouse area totals 4,500 sf and is divided into two distinct sections. One shop/warehouse area has three large overhead doors, while the second area includes one overhead door and a mezzanine. A fenced yard is also included, providing secure outdoor space for operational needs.
Overall, the layout supports a mixed-use configuration for companies that need both office support and dedicated warehouse capability within the same building.
Key Highlights
- 9,600 SF flex building with 5,100 SF office space and 4,500 SF shop/warehouse space
- Office layout includes 6 dedicated offices, a conference room, and 2 additional larger rooms
- Separate break room plus men’s and women’s bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,203
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,744,060
$2.7M
Cap Rate 7%
$1,960,043
$2.0M
Cap Rate 9%
$1,524,478
$1.5M
Market Conditions
NOI Build-Up for 9,600 SF
Gross rent
$230.4K $24.00/SF
− Vacancy
−$47.5K −$4.94/SF
EGI
$182.9K $19.06/SF
− OpEx
−$45.7K −$4.76/SF
NOI
$137.2K $14.29/SF
Area
Kenai Peninsula County, AK
Vacancy
20.60%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,744,060
Cap Rate 7%
$1,960,043
Cap Rate 9%
$1,524,478
Alternative Uses
Best Use
Flex RnD
$2.37M
$2.07M – $2.76M
NOI $165,757 @ 7.0% cap · market cap 11.05%
Second Best
Office B
$1.96M
$1.72M – $2.29M
NOI $137,203 @ 7.0% cap · market cap 9.15%
Theoretical Best
Multifamily LT 5
$66.58M
$58.26M – $77.68M
NOI $4,660,686 @ 7.0% cap · market cap 310.71%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Fenced yard
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 Office in West region
Frequently Asked Questions
What type of property is this?
Flex space - A 9,600 sf flex building with 5,100 sf of office space, 4,500 sf shop/warehouse area, and a fenced yard.
Where is this flex space located?
The property is located at 35126 Kb Drive Soldotna Soldotna, AK.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 9,600 SF flex building with 5,100 SF office space and 4,500 SF shop/warehouse space; Office layout includes 6 dedicated offices, a conference room, and 2 additional larger rooms; Separate break room plus men’s and women’s bathrooms
