Office-Warehouse Flex
For Sale
$2,830,000
4025 W 50th Ave, Anchorage, AK 99502
Fully leased facility with office and warehouse components and direct access to International Airport Road.
Property Size23,325 SF
Price / SF$121.33
Days on Market15
Property Features for 4025 W 50th Ave
General Information
Standard status
Active
Size
23,325 SF
Occupancy
100%
Additional Details
Cap Rate
9%
Road Access
Yes
Listing Agency:
Bond Filipenko Commercial Properties, LLC
(907) 792-5555
Listed By:
Mark Filipenko · License #16113
Source:
Sellingalaskaco
Added: Aug 16
Changed: Aug 28
Last Checked: Aug 29 at 12:08PM
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 Bond Filipenko Commercial Properties, LLC
Investment Insights
Based on property information with market context.
Anchorage Logistics Center is a 23,325-square-foot flex space property combining office and warehouse areas. The facility is fully leased and operates as an integrated commercial building suited to users requiring both administrative and logistics-oriented space.
The property has direct access to International Airport Road and is located near Ted Stevens Anchorage International Airport. Its investment profile includes a reported 9% cap rate, while the 4025 W 50th Ave address places the facility in Anchorage, Alaska.
The property has direct access to International Airport Road and is located near Ted Stevens Anchorage International Airport. Its investment profile includes a reported 9% cap rate, while the 4025 W 50th Ave address places the facility in Anchorage, Alaska.
Key Highlights
- 23,325‑square‑foot office and warehouse facility
- Fully leased commercial property
- Direct access to International Airport Road
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$245,990
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,919,800
$4.9M
Cap Rate 7%
$3,514,143
$3.5M
Cap Rate 9%
$2,733,222
$2.7M
Market Conditions
NOI Build-Up for 23,325 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$377.9K $16.20/SF
− Vacancy
−$26.5K −$1.13/SF
EGI
$351.4K $15.07/SF
− OpEx
−$105.4K −$4.52/SF
NOI
$246.0K $10.55/SF
Area
Anchorage, AK
Vacancy
7.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,919,800
Cap Rate 7%
$3,514,143
Cap Rate 9%
$2,733,222
Alternative Uses
Best Use
Office B
$4.09M
$3.58M – $4.78M
NOI $286,548 @ 7.0% cap · market cap 10.13%
Second Best
Warehouse
$3.97M
$3.48M – $4.63M
NOI $278,063 @ 7.0% cap · market cap 9.83%
Theoretical Best
Specialty Retail
$6.33M
$5.54M – $7.39M
NOI $443,362 @ 7.0% cap · market cap 15.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Yes
Paved road access
Location Intelligence
Demographics for 99502, AK
24,183
Population
9,931
Households
2.4
Avg Household Size
37
Median Age
37%
College-Educated
96%
High-School Grad
17.6 sq mi
ZIP Area
1,374
Density / Sq Mi
$118,494
Median Household Income
$56,190
Median Earnings
$1,661
Median Rent
$408,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Fully leased facility with office and warehouse components and direct access to International Airport Road.
Where is this flex space located?
The property is located at 4025 W 50th Ave Anchorage, AK.
What is the asking price?
The asking price for this property is $2,830,000.
What are key features of this property?
This property features: 23,325‑square‑foot office and warehouse facility; Fully leased commercial property; Direct access to International Airport Road
