Flex Warehouse Building
47650 Andrews Ave Soldotna, AK 99669
47650 Andrews Ave, Soldotna, AK, 99669
$649,900
For Sale
$649,900
Partially built flex warehouse includes framed exterior, windows, and service doors, with oversized 50' deep garages.
Property Size5,000 SF
Lot Size1.00 Acre
Price / SF$129.98
Days on Market170
Property Features for 47650 Andrews Ave
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 1.00 Acre
Listing agency
Jack White Real Estate Kenai
(907) 912-0212
Listed by
Mark Kottke
(907) 912-0212
Source
Exprealty
Added: Feb 2 Updated: Jul 21 at 10:31PM Checked: Jul 21 at 10:31PM
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 Jack White Real Estate Kenai
Investment Insights
Based on property information with market context.
This for-sale flex warehouse is under construction and offered as-is, with the structure framed and weathered in. A poured concrete foundation, exterior finishes, windows, and service doors are already installed. The main level is designed for commercial use and features oversized 50' deep garages suited for shop, storage, or service-based operations.
An unfinished upper level provides room for additional build-out, with the seller noting approximately 2,500 square feet of potential for future office space, apartments, or extra commercial space. The property sits on over one acre of level land with ample parking and room for expansion.
The building is positioned in a high-visibility K-Beach area across from the Duck Inn and is being sold as-is, allowing a buyer to customize interior finishes and complete the remaining work.
An unfinished upper level provides room for additional build-out, with the seller noting approximately 2,500 square feet of potential for future office space, apartments, or extra commercial space. The property sits on over one acre of level land with ample parking and room for expansion.
The building is positioned in a high-visibility K-Beach area across from the Duck Inn and is being sold as-is, allowing a buyer to customize interior finishes and complete the remaining work.
Key Highlights
- Partially built 5,000± SF commercial structure with poured concrete foundation, exterior finish, windows, and service doors installed
- Main level designed for commercial use with oversized 50' deep garages suited for shop, storage, or service‑based operations
- Unfinished upper level offers about 2,500 SF for future office space, apartments, or additional commercial build‑out
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.4k | $9.48 |
| − Vacancy | −$3.2k | −$0.64 |
| EGI | $44.2k | $8.84 |
| − OpEx | −$6.6k | −$1.33 |
| NOI | $37.6k | $7.51 |
5,000 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$1.23M
$1.08M – $1.44M
NOI $86,332 @ 7.0% cap · market cap 13.28%
Second Best
Warehouse
$536.4K
$469.4K – $625.8K
NOI $37,550 @ 7.0% cap · market cap 5.78%
Theoretical Best
Multifamily LT 5
$34.68M
$30.34M – $40.46M
NOI $2,427,440 @ 7.0% cap · market cap 373.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Partially built flex warehouse includes framed exterior, windows, and service doors, with oversized 50' deep garages.
Where is this flex space located?
The property is located at 47650 Andrews Ave Soldotna, AK.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Partially built 5,000± SF commercial structure with poured concrete foundation, exterior finish, windows, and service doors installed; Main level designed for commercial use with oversized 50' deep garages suited for shop, storage, or service‑based operations; Unfinished upper level offers about 2,500 SF for future office space, apartments, or additional commercial build‑out
